Palantir Rockets 16% After Q2 Blowout; C3.ai, UiPath Sit Out the Rally

Palantir's (NASDAQ:PLTR) banal is ripping higher aboriginal Tuesday, with Palantir shares up 16% to $145.50 aft the institution posted a blowout Q2 2026 and raised its full-year outlook. The rally follows Monday's after-close net release, and it hasn't dispersed to adjacent agentic-AI names.

The bounce comes disconnected a unsmooth stretch. Palantir banal was down 29% twelvemonth to day (YTD) anterior to the net bump. The NASDAQ 100 is up 1.05% for broader context, but this determination is precise overmuch a single-name story.

Q2 Blowout Powers the Move

Palantir reported Q2 2026 gross of $1.94 billion, up 92.8% twelvemonth implicit twelvemonth (YoY), beating the $1.81 cardinal consensus. Palantir's adjusted EPS came successful astatine $0.41, marking the company's ninth consecutive EPS beat.

The standout was Palantir's U.S. commercialized business, wherever gross grew 149% YoY to $764 cardinal with full declaration worth up 153% to a grounds $2.1 billion. Furthermore, Palantir's U.S. authorities gross besides roseate 90% YoY to $809 million, and the Rule of 40 people deed 155%.

The institution raised its FY2026 gross guidance to $8.15 cardinal to $8.158 cardinal (from $7.65 cardinal to $7.662 billion) and guided Q3 gross to $2.16 cardinal to $2.164 billion. Palantir besides acceptable FY2026 adjusted escaped currency travel guidance astatine $4.5 cardinal to $4.7 billion, with Q2 escaped currency travel already astatine $1.22 billion.

CEO Alex Karp called the 4th "otherworldly" and pointed to a "sovereign AI revolution," declaring, "Demand for AI sovereignty has present been unleashed."

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Analyst Split Between Deutsche Bank and Jefferies

Wall Street reacted quickly. Deutsche Bank's Brad Zelnick upgraded his Palantir banal standing to Buy from Hold with a $200 terms target, joining Citi and D.A. Davidson's Gil Luria (who cited "parabolic" U.S. AI demand) connected the bullish side.

Jefferies's Brent Thill kept an Underperform standing portion raising his Palantir terms people to $80 from $70, informing that "the setup gets harder from here" arsenic comparisons stiffen into 2027 and planetary maturation moderates. Palantir banal trades astatine a guardant P/E ratio of 84x, down from a 199x four-quarter average, though inactive good supra the S&P 500's 20x.