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Palantir stock hits all-time high after strong Q2 results and raised guidance.

Company Fundamentals
11 Oct 2026
Seeking Alpha
View Source
Bullish
Palantir stock hits all-time high after strong Q2 results and raised guidance.

Palantir's shares surged to a new all-time high, rising 5% to $209.05, nearly doubling since June. The company reported impressive Q2 results with 93% year-over-year revenue growth, a net dollar retention rate of 157%, and a record 220 deals worth over $1 million each. These strong metrics, along with a $9.4 billion cash reserve and expanding free cash flow margins, justify the current valuation of 130.8 times 2026 earnings. Expectations for Q3 include revenue between $2.25 billion and $2.30 billion and adjusted EPS of $0.46 to $0.48, with another guidance increase anticipated, supporting further stock gains into 2027.

Palantir shares reached a record high of $209.05 on Pluang as of Oct 11, 2026 20:02 WIB, marking a 5.17% increase in one day. Despite the strong price performance, Pluang order activity shows a majority of 70% Sell versus 30% Buy, indicating mixed investor sentiment. The stock's market cap stands at $502.36 billion, reflecting its significant presence in the technology sector.

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