Palantir posts a $13.1 billion backlog as remaining deal value rises 83% year over year
AI Market Summary
Palantir's reported Q2'26 results show sharply accelerating growth, with revenue up 93% YoY and material margin expansion, alongside a $13.1B remaining deal value (+83% YoY). U.S. commercial bookings (+153% YoY) and Rackspace partnership suggest improved delivery capacity, supporting backlog conversion. Management's higher full-year revenue guidance reinforces confidence in demand durability, likely lifting near-term sentiment around PLTR and AI/software peers.
Impact level
● Medium
Affected assets
NCSKPLTR2USD/USDT+1.89%
AI Insight · NCSKPLTR2USD/USDTAI Insight
▲ Bullish
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Palantir has been rated a Strong Buy, with remaining deal value of $13.1B, up 83% year over year. Revenue in Q2 2026 rose 93% year over year to $1.935B, while operating margin widened to 47% from 27% and net income margin reached 55%. Commercial bookings climbed 153% year over year, and a partnership with Rackspace is cited as easing delivery bottlenecks. Management raised full-year revenue guidance to $8.15B–$8.16B as the stock trades around $172 per share, down about 5.6% over the past year.
