Palantir Technologies Shares Decline Following Q3 Results Amid Valuation Concerns
Palantir Technologies (PLTR) shares closed down 1.65% at $175.40 following its third-quarter earnings report. Despite achieving record revenue exceeding $2 billion and raising its 2026 sales guidance to $8.53 billion, the stock faced selling pressure as investors scrutinized growth deceleration metrics and high valuation levels. Market concern centered on Remaining Performance Obligations (RPO), which remained flat at $4.9 billion compared to Q2, and a significant slowdown in Total Contract Value (TCV) growth, which dropped to 11% year-over-year from 153% in the previous quarter. While U.S. commercial revenue showed massive strength—surpassing government revenue for the first time with 148% year-over-year growth—the company's high forward earnings multiple of approximately 86 continues to weigh on investor sentiment.
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