Palantir stock jumps as PLTR earnings beat and 2026 outlook rises

Mo. Basuony

Published: February 3, 2026 8:20 PM ET

Palantir stock

Palantir shares surged after the company’s latest results and outlook cleared market expectations, extending a powerful run that has made “palantir stock” and “pltr stock price” among the most-searched tickers this week. The move comes as investors keep rotating into AI-linked software names, while also scrutinizing whether valuations can keep up with the pace of growth.

As of 7:55 p.m. ET on Tuesday, February 3, 2026, PLTR was $157.88, up $10.14 (+6.86%) from the prior close, after a volatile session that saw heavy volume and wide intraday swings.

Palantir stock jumps after earnings

The catalyst was Palantir’s fourth-quarter 2025 report (released Monday, February 2, 2026, ET) and its forward guidance. Management pointed to accelerating demand for its Artificial Intelligence Platform and fast growth in U.S. commercial deployments, while its government segment also expanded sharply.

The headline growth numbers were difficult for traders to ignore:

Total revenue: $1.407 billion, up 70% year over year
U.S. commercial revenue: $507 million, up 137% year over year
U.S. government revenue: $570 million, up 66% year over year
U.S. revenue (total): $1.076 billion, up 93% year over year

Those figures helped frame the day’s price action: investors treated the quarter as confirmation that Palantir’s AI-led sales motion is translating into material revenue at scale, not just pilot projects and headlines.

PLTR stock price: where it traded today

Palantir’s session reflected classic post-earnings behavior: a sharp gap up, fast profit-taking, then renewed buying as investors digested the details. Liquidity was strong, with trading volume far above typical daily levels.

PLTR snapshot	Value
Last price (7:55 p.m. ET, Feb. 3, 2026)	$157.88
Day change	+$10.14 (+6.86%)
Intraday high / low	$165.65 / $153.18
Volume	113.1M shares

For anyone searching “silver price today” earlier and now checking “palantir stock price,” the contrast is worth noting: PLTR is currently moving more like a high-volatility momentum asset than a steady compounder, with large percentage swings that can cut both ways.

Palantir earnings: what surprised the market

Beyond the revenue acceleration, two items stood out for investors focused on durability:

1) A faster U.S. commercial flywheel.
Palantir highlighted strong enterprise uptake in the U.S., consistent with its recent emphasis on short, hands-on AI build sessions that shorten the path from demo to deployment. The quarter’s U.S. commercial growth rate suggests that the company is converting interest in applied AI into signed contracts faster than many peers.

2) Strong contract metrics and scaling economics.
Palantir disclosed record total contract value closed in the quarter and highlighted a large number of seven-figure and eight-figure deals. Investors often look at these metrics as a leading indicator for revenue visibility—especially important in a stock where the narrative can shift quickly.

2026 guidance raises the stakes

The other major driver was the outlook. Palantir guided to full-year 2026 revenue of about $7.18–$7.20 billion, implying roughly 61% year-over-year growth. It also forecast U.S. commercial revenue growth of at least 115% for 2026.

This is where the debate immediately turns from “did they beat?” to “can they keep beating?” A guide that strong can justify a premium multiple—but it also means future quarters face tougher comparisons, and any sign of slowing can hit the stock hard.

What to watch next: next PLTR earnings and key risks

If you’re tracking “pltr earnings” and planning ahead, the next major checkpoint is Monday, May 4, 2026 (ET) for the next earnings event.

Between now and then, the swing factors are fairly clear:

Execution in U.S. commercial: sustaining triple-digit growth becomes harder as the base gets larger.
Government cadence: big contracts can cluster, which can create lumpy quarters even when the long-term trend is positive.
Valuation sensitivity: when a stock re-rates this fast, even “good” results can be met with selling if they aren’t “great.”
Broader AI trade sentiment: if investors rotate away from high-multiple software, PLTR can move with the group regardless of company-specific progress.