PLTR
Palantir Technologies Inc.
Ontology-driven data platforms (Foundry, Gotham) and AIP for enterprise and government AI ops.
$43.38
-0.08 (-0.18%) session
Demo quote — not a live market feed
Market cap
$95B
P/E
95.0
Div yield
—
Volume
31M
Price history
+7.49% over 1Y
Illustrative demo series
At a glance
Primary R&D focus
Horizon score
Solid forward setup
Product momentum is real; valuation leaves little room for growth misses.
Forward brief
What matters next — not a recap of last quarter
Palantir’s future is AIP commercial conversion rates — not Gotham history. R&D is core and narrowly aimed. Next earnings: US commercial growth is the only number that rewrites the thesis.
Next earnings
Q3 2026 · Nov 3, 2026
Expected EPS
$0.12
Expected revenue
$0.92B
Report date
Nov 3, 2026
US commercial remaining deal growth is the stock’s oxygen.
What to watch on the call
- US commercial revenue growth rate
- AIP bootcamp conversion to production contracts
- Government deal timing
- Rule of 40 / profitability metrics
Questions that actually matter
- Is AIP creating a land-and-expand motion that scales beyond early adopters?
- Can growth stay elevated without huge sales headcount?
R&D deep dive
Not just “they invest in R&D” — in what, for when, and is it core?
Annual R&D / tech spend
~$0.5B+
Spend trend
Rising
% of revenue
See filings
R&D is tightly focused on AIP + ontology — directly relevant to the growth story. Not a broad science portfolio; it’s product R&D for commercial expansion.
AIP (Artificial Intelligence Platform)
Operational AI agents on top of enterprise ontologies; LLM integration for workflows.
Strategic bet: Turn Palantir from analytics vendor into the AI operating layer for enterprises.
Ontology & data integration engine
Core Foundry ontology modeling — the moat that makes AI agents useful on messy enterprise data.
Strategic bet: Defend differentiation vs pure LLM wrappers and cloud-native BI tools.
Strategic bets
Where management is placing multi-year chips
Enterprise AI ops standard
Become default platform for production AI agents on sensitive operational data.
Horizon · 2–4 years
Upcoming catalysts
Nov 3, 2026
Q3 earnings
US commercial growth print
Forward risks
Valuation vs scale
Premium multiple requires sustained hypergrowth; any deceleration hurts hard.