Palantir Set to Report Earnings as Alex Karp Says Business Is ‘Compounding’ Like Never Before: Polymarket Bets on a Beat

Palantir Technologies Inc. (NASDAQ:PLTR) reports third-quarter results Monday, with prediction-market traders giving the AI software company a high probability of beating Wall Street estimates after CEO Alex Karp said the business was "compounding at a rate and scale that we have never before witnessed."

Polymarket Backs Another Beat

Palantir has beaten earnings estimates for eight straight quarters.

In the second quarter, the company reported earnings of $0.41 per share against a $0.33 estimate, according to Benzinga Pro, and revenue of $1.94 billion against $1.81 billion.

Traders on Polygon (CRYPTO: POL)-based Polymarket see an 89% chance Palantir beats earnings in the third quarter.

Source: Polymarket

In August, Karp wrote in a letter to shareholders that the company’s business was “compounding at a rate and scale that we have never before witnessed.”

What Palantir Needs to Beat

For the third-quarter, analysts expect earnings of $0.39 per share and revenue of $2.18 billion, according to Benzinga Pro data.

Those numbers would mean revenue growth of about 84.59% from $1.18 billion a year ago, down from the 92.8% reported last quarter.

Palantir guided Q3 revenue to be between $2.160 billion and $2.164 billion.

The company raised its revenue guidance for the year last quarter to between $8.150 billion and $8.158 billion.

Share Performance

Year to date, the stock is up 3.58%, while it is down 5.37% over the past year, according to Yahoo Finance.

Eighteen of 22 analysts rate the stock a buy, with an average price target of $212, or 15.1% above Friday’s close.

On Polymarket, traders see a 36% chance Palantir closes the week below $176 and a 39% chance it closes above $194.

The company will report its third-quarter results after the bell.

Price Action: The stock closed 6.27% lower on Friday at $184.11 and was up 1.68% to $187.20 in overnight trading.

Benzinga Edge rankings indicate Palantir’s stock has a Momentum score in the 92nd percentile and a Growth score in the 97th percentile.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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