Palantir Technologies (PLTR) closed at $192.59 on September 24, 2026, up sharply from June lows on accelerating growth. Q2 2026 revenue rose 93% year-over-year to $1.935 billion, with U.S. commercial revenue surging 149% to $764 million and U.S. government revenue up 90%. Management raised full-year 2026 revenue guidance to $8.15–8.158 billion (roughly 82% growth) and highlighted record bookings plus a 155% Rule of 40 score. High valuation metrics, including a normalized P/E above 158 and price-to-sales near 80, reflect AI-driven demand in defense and enterprise segments, tempered by short-seller scrutiny. The next earnings release on November 2 offers a key post-October catalyst, while near-term contract wins and sovereign-AI momentum continue to shape trader-implied odds for October price levels.