Palantir stock soars after company raises its sales forecast again

Palantir's stock jumped 29.5% on August 4, 2026, after quarterly revenue nearly doubled from a year earlier. The company raised its full-year sales growth forecast to 82% (from 61% at the year's start) and expected operating profit near $4.9 billion. Two forecast upgrades in six months suggest customer demand is outpacing what Palantir itself predicted.