Palantir Slides 8% as Contract Value Growth Craters From 49% to 6% Despite Q3 Beat
PLTR sits 55% above its 52-week low of $106.37.
Summary
Palantir beat Q3 revenue at $2.31B versus the $2.18B consensus and delivered adjusted EPS of 44 cents against 41 cents expected, then raised FY2026 revenue guidance to $8.53B-$8.534B from $8.15B-$8.16B. The stock is down more than 8% premarket to $163.80 anyway. The reason is in the contract book: total contract value growth collapsed to 6% from 49% in the prior quarter, and U.S. commercial contract value growth cooled to 11% from 153%. Those are the forward-looking numbers that feed future revenue, and at a premium multiple there is no cushion for a deceleration this sharp. Q4 guidance of $2.649B-$2.653B came in well above the $2.46B estimate, so the near-term pipeline is intact — the debate is whether the contract slowdown is a one-quarter air pocket or the start of a trend. The stock is now below its 20-day and 50-day averages but still above the 100-day at $162.90, which is the line to hold.
At the time of this announcement, PLTR was trading at $165.08 on NASDAQ in the Technology sector, with a market capitalization of approximately $428.6B. The 52-week trading range was $106.37 to $212.94. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Benzinga.