Palantir Technologies (PLTR) shares traded near $187 at the end of September 2026, reflecting sustained momentum from the company’s second-quarter results that showed 93% year-over-year revenue growth to $1.94 billion and a sharp lift in full-year 2026 guidance to approximately $8.15 billion. U.S. commercial revenue surged 149% in the quarter, driving operating margins above 47% and supporting a Rule of 40 score exceeding 150. Traders are pricing in continued AI-platform adoption and government contract wins, though the stock’s forward multiple near 99 times earnings and 52-week range of $106–$207 leave room for volatility around macroeconomic data releases or sector rotation before the November 2 earnings report.