Palantir jumps 29.5% after second FY2026 guidance raise

Palantir shares surged 29.5% on August 4, 2026. Q2 revenue rose 93% year-over-year. Management raised full-year revenue growth guidance to 82% (from 61% at the fiscal year's start) and lifted adjusted operating income outlook to nearly $4.9 billion. Two guidance hikes in six months — upward revisions to the company's own profit and revenue forecasts — suggest demand is outrunning expectations.