Palantir posted a 5% revenue beat in Q4, driven by 82% commercial and 60% government segment growth, while adjusted operating margin reached 57% and EPS hit $0.25, both above consensus forecasts. RBC Capital upheld its Underperform rating with a $50 price target, citing valuation risks despite Palantir’s robust financial performance and elevated growth outlook compared to street estimates. Management raised 2026 revenue guidance to $7.182–$7.198 billion (61% growth versus 41% consensus) and set Q1 revenue at $1.532–$1.536 billion (~74% YoY), forecasting a 72% operating margin midpoint and $3.925–$4.125 billion in free cash flow.