Palantir Technologies reported better-than-expected revenue and earnings for Q3 2026, with revenue up nearly 96% year-over-year and adjusted EPS beating estimates. However, its stock fell 4.89% due to a sharp slowdown in bookings growth, a key indicator of future revenue, which rose only 6% compared to much higher growth in previous quarters. This decline impacted large ETFs like Invesco QQQ Trust and Technology Select Sector SPDR Fund, which hold significant Palantir positions, slightly reducing their returns amid an ongoing tech sector pullback. Investors should watch if Palantir's bookings growth recovers and contract terms lengthen as management expects in Q4.
Palantir Technologies trades at USD 172.70 on Pluang, down 3.16% as of Nov 03, 2026 23:41 WIB, reflecting some investor caution following the reported slowdown in bookings growth. Meanwhile, the Technology Select Sector SPDR ETF (XLK), which holds Palantir shares, is up 1.23% at USD 176.39 on Pluang at the same time. This contrast highlights how Palantir's individual stock movement is impacting but not fully dictating the broader tech sector ETF performance.
Over the past year, Palantir's stock declined 3.2%, underperforming the S&P 500's 10.1% gain despite a strong Q3 earnings beat and raised revenue guidance. CEO Alex Karp highlighted rapid growth, especially in U.S. commercial revenue, and impressive ...
Palantir Technologies reported a 96% year-over-year revenue increase in Q3 2026, driven mainly by strong U.S. commercial growth. However, its international expansion remains weak, adding only 6 new commercial customers abroad compared to 156 in the U...
Palantir Technologies reported its first quarterly revenue exceeding $2 billion, marking a significant milestone. However, the company's stock fell 8% in premarket trading, as analysts and investors reacted negatively to a slowdown in bookings growth...
Morgan Stanley increased Palantir's stock price target from $205 to $233 after the company reported a 96% surge in Q3 revenue and significant margin expansion. The bank highlighted growing demand for sovereign AI solutions as a key growth driver, wit...
Apple shares fell 4.4% and Palantir shares dropped 5.9% in premarket trading following their earnings announcements. Apple reported better-than-expected overall revenue for the fourth quarter but missed estimates on iPad sales and issued a disappoint...
