Palantir’s Q4 Revenue Jumps 70% and 2026 Guide Tops $7.2B
Palantir reported fourth-quarter revenue of $1.41 billion, up 70% year-over-year, driven by a 137% surge in U.S. commercial sales and 61 deals exceeding $10 million. The company guided 2026 revenue of $7.18–7.20 billion, well above analysts’ $6.21 billion estimate, prompting multiple Buy upgrades to a $200 target and beyond.
1. Geopolitical Tensions Boost Defense Orders
Investors drove Palantir shares up as escalating Middle East conflict underscored its deep U.S. government and military ties, which account for roughly half of revenue. The stock gained 13% over four sessions before a broader market pullback trimmed gains.
2. Robust Q4 Earnings and Forecast Exceed Estimates
The company delivered fourth-quarter revenue of $1.41 billion, up 70% year-over-year, led by a 137% jump in U.S. commercial sales and 61 deals over $10 million. It projected full-year 2026 revenue of $7.18–7.20 billion, significantly above the $6.21 billion consensus forecast.
3. Analyst Upgrades and Ambitious Price Targets
Rosenblatt Securities maintained a Buy rating and raised its 12-month target to $200 from $150, citing defense positioning and a six-month phase-out of competing LLMs by the U.S. government. The firm sees Palantir reaching $255 in three years and $393 in five years based on premium multiples.