Palantir (NASDAQ: PLTR) captured global investor attention in November 2025 after the PLTR share price surged to a new record high, driven by earnings that significantly exceeded expectations _[1]. That performance helped push the Palantir stock into mega-cap territory, joining the ranks of names like McDonald’s and American Express.

What makes this even more striking is how quickly the company has grown. The PLTR stock price has risen nearly tenfold in just two years, supported by strong demand for its AI platforms, expanding commercial partnerships, and consistent improvements in profitability — all major contributors to a positive Palantir stock outlook among many investors.

But beyond the excitement, investors still need clarity. What does Palantir actually do? Why has it become such a defining AI player? And what risks should investors consider as the stock continues to climb? While the momentum is impressive, understanding its earnings outlook, long-term growth story, and potential volatility is key to deciding whether Palantir stock still has room to run.

Latest Palantir Stock Developments Investors Should Note

Let’s break down the latest move in Palantir stock—because the numbers are hard to ignore. 

On 5 Feb, PLTR rose 23.99% during trading, marking one of the most significant single-day increases in the stock’s history _[2]. In the last three months of 2024, Palantir’s stock earnings were powered by revenue of USD 827.5 million, smashing Wall Street’s forecast of USD 777.5 million. That’s a 36% jump year-on-year — a huge signal of accelerating growth and a key driver shaping the Palantir stock outlook.

And it didn’t stop there…

• EPS came in at USD 0.14 vs expectations of USD 0.11
  
• Profitability surged 400% YoY, with full-year EPS at USD 0.41 (up from USD 0.08 in 2023)
  
• Adjusted free cash flow hit USD 517 million, strengthening growth investment potential
  
• Palantir has beaten analyst expectations for nine straight quarters. 

On 3 November 2025, the PLTR stock price jumped to 207.52 USD, marking an all-time high in the company’s history. The catalyst? A blowout Palantir stock earnings report for Q3 2025. Palantir reported record revenue of about USD 1.18 billion, a 63% year-over-year increase, with full-year 2025 guidance raised to $4.4 billion (+53% YoY), topping street estimates _[3]. 

After reaching its record peak, the PLTR stock has experienced volatility typical of high-growth tech names. Pullbacks and swings are part of the story as traders and long-term holders balance optimism with valuations — but the strong fundamentals seen in Q3 2025 continue to influence sentiment, creating a generally positive Palantir stock outlook and shaping how investors view the PLTR stock price today _[4].

About Palantir

Palantir Technologies Inc. specialises in big data analytics using AI-driven methodologies. The company develops platforms that help organisations integrate, analyse and understand vast amounts of data, facilitating decision-makers in gaining critical insights. Its technology now plays a vital role across sectors such as government, defence, finance, and healthcare, reinforcing why investors frequently track the PLTR stock price _[5].

Unlike many AI companies that rely purely on automation, Palantir believes AI alone isn’t enough—especially when confronting evolving real-world threats. Instead, its approach focuses on intelligence augmentation: combining powerful AI models with human expertise.

History of the Company ^[6,7]

According to SEC filings, Palantir Technologies was founded in 2003 by PayPal co-founder Peter Thiel, along with a team that would later become known as the core Palantir founders group. In its early years, the Palantir company struggled to secure funding, surviving largely on a crucial USD 2 million investment from the Central Intelligence Agency (CIA) and around USD 30 million personally backed by Thiel and his venture firm. For those wondering who owns Palantir, early ownership was heavily driven by its founding investors before it eventually opened up to the public markets.   

Palantir’s first real expansion phase came between 2010 and 2012. During this time, the company partnered with Thomson Reuters, received recognition from then–Vice President Joe Biden for supporting fraud detection in U.S. stimulus programs, and saw wider adoption across key U.S. federal departments. These milestones helped shape what many today ask: “What is Palantir Technologies?” Simply put, it became a powerful intelligence and data analytics leader trusted at the highest levels of government.

Between 2013 and 2016, it was revealed that Palantir had built up a large government client base, serving at least 12 groups, including the CIA, NSA, FBI, CDC, and the armed forces, such as the Marine Corps and the Air Force. By Nov 2014, the company was valued at USD 15 billion, rising to USD 20 billion by Dec 2015.

A defining moment came in 2020. Palantir was chosen as one of four key technology partners to support U.S. COVID-19 pandemic response efforts, using its powerful data systems to track cases, logistics, and public health data. Its work quickly expanded globally, further strengthening confidence around the Palantir company and its capabilities.

In July 2020, PLTR applied for a public listing, eventually going public on the New York Stock Exchange through a direct public offering on Sep 30.

In Dec that year, Palantir was awarded a USD 44.4 million contract by the FDA – this boosted its share price by around 21%, cementing the company as a forerunner in the AI and data space.

Palantir Products

Today, Palantir Technologies operates several powerful business platforms designed to transform how organisations use data. Together, these Palantir products help governments, enterprises, and institutions make faster, smarter, and more informed decisions.

Palantir Gotham

Born from Palantir’s deep roots in U.S. intelligence work, Palantir Gotham is an AI-driven platform built for defense and security operations. It helps agencies track adversary movements, run geospatial analysis, interpret complex intelligence streams, and generate predictive insights. Gotham isn’t just theoretical — it is actively used by U.S. defense agencies and international partners, including critical support roles such as Ukraine’s military intelligence operations.

Palantir Foundry

If Gotham is built for the battlefield, Palantir Foundry is built for the boardroom and public institutions. Designed for commercial and civil government sectors, Foundry integrates massive amounts of fragmented data into a single, usable ecosystem. It gained global recognition during COVID-19, supporting healthcare systems in the U.S. and U.K. by improving case tracking, logistics, and strategic decision-making. Today, Foundry remains one of the most impactful Palantir products, widely adopted across healthcare, finance, manufacturing, and public services.

Palantir Apollo

Palantir Apollo acts as the engine behind both Gotham and Foundry. It is a continuous delivery and deployment platform that manages, updates, and secures Palantir’s software across environments—cloud, hybrid, and classified systems. By enabling seamless updates and micro-service orchestration, Apollo supports Palantir’s evolution into a true software-as-a-service provider, helping differentiate the company far beyond traditional consulting.

PLTR Share Price Performance in the Past 1 Year

The PLTR stock price today remains volatile but elevated compared with earlier years. Over the past 12 months, the PLTR stock price increased from around USD 75.92 to USD 167.86.

The stock languished throughout most of 2024 and only started showing signs of life in September 2024. The rally accelerated in 2025 following a series of impressive quarterly reports. By the third quarter of 2025, momentum had continued, with Palantir stock earnings reflecting accelerating growth for the fifth consecutive quarter and continued profitability. Revenue reached USD 726 million, up 30% year-on-year, while earnings per share doubled to USD 0.06, marking the company’s eighth straight quarter of profit _[8].

Zooming into the most recent six months of the Palantir stock chart, the standout moment is the sharp rally that pushed the PLTR stock price above 200 USD, peaking around 207.52 USD in early November 2025. 

Looking ahead into 2026, analyst expectations remain optimistic, with forecasts pointing to continued revenue growth and a positive Palantir stock outlook.

Trading information for PLTR

Conclusion

Palantir Technologies Inc. (NASDAQ: PLTR) has attracted attention, particularly in light of its role in AI technology. It’s important to remember that Palantir isn’t just another AI stock – it instead builds AI platforms that aim to enhance human decision-making, which may lead to a different growth trajectory compared to its peers.

After the recent surge in the PLTR stock price, one concern investors should note is valuation. The reality is that Palantir stock has grown so quickly that its current pricing looks difficult to justify. In 2025, the company’s forward price-to-earnings ratio has climbed to around 254, while its forward price-to-sales ratio is near 99, highlighting how expensive Palantir Technologies’ stock has become. Because of this, Palantir stock today may not appeal to value investors, and some analysts believe the elevated PLTR stock price could face a short-term correction despite the strong growth story surrounding Palantir stock _[9].

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