Palantir shares surge 29.5% after second guidance raise of FY2026

Palantir's stock jumped 29.5% on August 4, 2026, after Q2 results showed revenue up 93% year-over-year. Management raised full-year revenue guidance to 82% growth (from 61% at the start of the fiscal year) and lifted adjusted operating income outlook to nearly $4.9 billion. Two guidance hikes in six months signal demand outpacing internal projections — and set a high bar ahead.