Palantir rises over 2% premarket ahead of Q2 earnings report

Published Aug 3, 12:28 PM UTC

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Palantir Technologies (PLTR) stock rose over 2% in premarket trading on Monday, August 3, 2026, ahead of the company's fiscal second-quarter earnings report due after the market close. Investors are focused on progress in commercial agreements and renewals of overseas contracts. Earlier this year, Palantir's Maven Smart System was designated an official Pentagon program of record, solidifying its role in US military AI projects. Despite the premarket gain, Palantir shares are down more than 30% year-to-date amid broader AI sector disruption concerns. Wall Street remains bullish, with D.A. Davidson analyst Gil Luria maintaining a Buy rating and a $175 price target, citing Palantir's AI orchestration tool as a key competitive advantage.

Source

Yahoo FinanceWestern

Original headline: Palantir stock jumps ahead of quarterly results

Original language: EN-US

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Palantir Stock Surges 27% on Record Q2 Earnings and Raised Guidance

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