Palantir Heads for Yearly High After 80% Rebound on U.S. Growth
Palantir Technologies (PLTR) gained more than 3% on September 23, 2026, putting the shares on track for their highest close of the year. MarketWatch The report, published at 2:31 p.m. ET on September 23 by Hannah Pedone, described the session as the top of a rebound from the summer low.
The prior close was $184.99. At 10:32 a.m. EDT on September 23, PLTR traded at $189.20, up $4.21 or 2.28%. MarketWatch The later move above 3% pointed to continued buying through the afternoon session.
As of that day, the stock had risen for six straight sessions, up roughly 10% over that span. It was also up nearly 80% from its low of the year from about three months earlier. The reference high is a $194.17 close in December 2025, according to Dow Jones Market Data.
The quarter covered the period ended June 30, 2026. Palantir had announced on July 13 that second-quarter results would be released on August 3, 2026. Palantir Investor Relations Total revenue grew 93% from a year earlier. U.S. revenue was $1.573 billion, up 115% from a year earlier and 23% from the prior quarter. U.S. commercial revenue grew 149% from a year earlier. Palantir Investor Relations GAAP earnings per share, profit per share under standard accounting rules, was $0.41. Palantir
Guidance, the company's official forecast, moved higher with the results. Palantir raised full-year 2026 revenue guidance to 82% growth from a year earlier. It raised full-year 2026 U.S. commercial revenue guidance to 134% growth.
Technicians using point-and-figure, a chart method that filters small moves to focus on clear breaks, flagged the turn before the high. In its September 21 Daily Equity & Market Analysis, Nasdaq Dorsey Wright listed PLTR at $182.18 and noted the stock had completed a double top break at $178, pushing above two prior peaks, to move back to a buy signal. Nasdaq Dorsey Wright The same service had listed PLTR at $147.56 on March 27 and at $146.49 on April 2, bracketing the base for the summer advance.
The broader context here is supply just overhead. A 10% run in six days into the old $194.17 close crowds sellers into a tight zone, like a ceiling. That level tests absorption, whether demand can take in the selling. A close through it clears the 2026 range. A rejection leaves a long upper wick, a chart mark of a failed push, and a crowded momentum book.
Looking at what this means for the earnings story, the mix matters more than the 93% headline. U.S. commercial at 149% versus total U.S. at 115% shows business sales outpacing the blended book. Yet the full-year guide of 134% for U.S. commercial versus 82% for total revenue assumes slower growth in the second half than in the second quarter. That spread is the variable to watch. If business orders hold steady, forecast changes will hinge on net new ACV, the annual value of new contracts, and conversion timing, not adding seats. If it fades, the multiple, what investors pay per dollar of earnings, carries the adjustment, since an 80% recovery in three months prices in a steady beat-and-raise pattern, not a single quarter.
