Palantir Technologies (PLTR) — Situation Report as of August 4, 2026

Recent Price Action & Context

Palantir closed at $123.06 on July 31, 2026, sitting near the lower end of its 52-week range of $106.37–$207.52 [1]. The stock had been down approximately 4.8% over the trailing 30 days heading into earnings, amid what sources describe as "mixed catalysts and sector-wide AI software volatility" [2]. Despite this pullback, the company had delivered 85% year-over-year revenue growth in Q1 2026 and had raised full-year guidance twice prior to Q2 reporting [2].

Q2 2026 Earnings (August 3, 2026) — The Major Catalyst