What to Expect From Palantir Technologies' Next Quarterly Earnings Report

With a market cap. of $482.9 billion, Palantir Technologies Inc. (PLTR) is a software company that specializes in data integration and analytics platforms. It serves governments and enterprises globally with products like Palantir Gotham, Foundry, Apollo, and its Artificial Intelligence Platform to support operations ranging from counterterrorism to enterprise decision-making.

The Denver, Colorado-based company is slated to announce its fiscal Q3 2026 results after the market closes on Monday, Nov. 2. Ahead of this event, analysts expect PLTR to report an adjusted EPS of $0.34, a 88.9% increase from $0.18 in the year-ago quarter. It has exceeded Wall Street's earnings expectations in each of the past four quarters. 

For fiscal 2026, analysts forecast the software giant to post adjusted EPS of $1.31, a surge of 107.9% from $0.63 in fiscal 2025. 

Shares of Palantir Technologies have risen 11.6% over the past 52 weeks, lagging behind the broader S&P 500 Index's ($SPX) 16.1% return and the State Street Technology Select Sector SPDR ETF's (XLK) 33.1% increase over the same period.

Palantir Technologies shares climbed 29.5% following its Q2 2026 results on Aug. 3, after the company reported adjusted EPS of $0.41 and revenue surged 93% year-over-year to $1.94 billion, both above the consensus. Investor optimism was fueled by strong demand for its AI-powered data analytics software, including a 90% jump in U.S. government revenue to $809 million, and the company’s decision to raise its full-year revenue forecast to $8.15 billion - $8.16 billion, alongside increasing its U.S. commercial revenue outlook to more than $3.42 billion. 

Additionally, Palantir projected Q3 revenue of $2.160 billion - $2.164 billion, above analysts’ estimate, reinforcing expectations of sustained AI-driven growth.

Analysts' consensus view on PLTR stock remains cautiously optimistic, with a "Moderate Buy" rating overall. Out of 29 analysts covering the stock, 20 recommend a "Strong Buy," one "Moderate Buy," six "Holds," one "Moderate Sell," and one has a "Strong Sell" rating. The average analyst price target is $208.41, suggesting a potential upside of 3.9% from current levels.