Palantir
ConvictionWeak
Enterprise + government SaaS/usage software; large multi-year contracts, land-and-expand via AIP, 150% net dollar retention; ~55% US government / 45% commercial, with US commercial the growth engine
Revenue
$4.5B FY25$1.633B Q1 FY26 (+85% Y/Y); FY26 guide $7.65-7.66BRev growth
+85% Y/YQ1 FY26); +56% FY25; FY26 guide ~71%Gross margin
~80%software gross margin, FY25Op margin
31.6% GAAP FY25adj op margin ~44% Q1 FY26 (adj op income guide $4.44B on $7.66BCapex intensity
Very low — asset-light softwarecapex immaterial vs revenueMarket cap
~$272-284B24-26 Jun 2026Price · 1-year trend
real · weekly$113-13% 1yUSD
52-week range
$106 – $208
52w lowas of 2026-06-26 · Yahoo Finance52w high
Across the boards
The thesis on this name
subject
AI Compute Value-Chain
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Coverage leans bearish
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Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage Jun 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence