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PLTR · Analysis updated Nov 5, 2026, 4:45 PM ET
Why is Palantir Technologies (PLTR) stock moving?
Palantir has fallen from about $201 in mid-October to $171.70 on Nov 4, and reports say it dropped about 10% more on Nov 5 to roughly $155. The Q3 report was strong: revenue rose 96% to $2.31B, adjusted EPS was $0.44 against $0.41 expected, and 2026 revenue guidance went up to about $8.53B. The stock still sold off on slower total contract value growth (+6% year over year) and a premium valuation. The Nov 5 leg lower came with no company news. It followed a Democratic midterm sweep that raised worries about the defense budget and data-center scrutiny, plus a broad selloff in AI and software stocks. Volume has been far above average, with 53M shares on Nov 3 against a recent norm of roughly 20M. Insiders have also sold about $92M of stock over 90 days. In favor of the stock, government customers are only 41% of revenue, margins are high, and the multiple has already fallen. The trend is clearly down, so near-term direction depends on whether the sector selloff fades.
News behind the analysis
- Palantir Sinks 10% as Democratic Sweep Deepens AI and Defense Stock Sell-OffShares fell about 10% as the post-midterm selloff in AI and defense stocks deepened, with no company-specific news. U.S. government customers were 41% of Q3 revenue.
- Why is Palantir Technologies stock plummeting today?The stock fell about 10% in morning trading to $154.41. The drop followed post-earnings disappointment, a Democratic midterm sweep that could trim the defense budget, insider selling and a sector-wide AI selloff.
- Palantir Tumbles 10%, CrowdStrike Sinks 9% as Wall Street Dumps Software's AI WinnersThe midterm-fueled AI selloff hit software. Palantir traded near $155, about a quarter below its Oct 9 record, and lost roughly $40B in market value.
- Cloudflare, Datadog, Elastic, Palantir Technologies, and Zscaler shares are fallingAI-linked and software stocks fell as Democratic midterm wins fueled worries about tighter scrutiny of data-center expansion. Palantir fell 9.2%.
- Cloudflare, Datadog, Elastic, Palantir Technologies, and Zscaler shares are falling (FinancialContent)Syndicated report of the same software selloff, with Palantir down 9.2%.
- Why Palantir Technologies Stock Crashed TodayPalantir beat estimates and raised 2026 revenue guidance to about $8.53B. Slower backlog growth and a premium valuation weighed on the shares.
- Palantir Technologies Inc. (PLTR) Tops Q3 Earnings and Revenue EstimatesQ3 EPS was $0.44 against a $0.41 estimate, and revenue was $2.31B, a 6.54% surprise. Consensus for next quarter is $0.46 EPS on $2.45B revenue.
- Palantir (PLTR) Stock Cools As Q3 Earnings Showcase Huge MarginsQ3 revenue rose 96% to $2.31B and net income was about $1.1B. U.S. commercial sales are now larger than U.S. government sales.
- Palantir stock slides as downward price move acceleratesShares traded near $174.78. Technical signals were described as negative even as the company reported 96% revenue growth.
- Palantir Technologies (PLTR) Earnings Date and Reports 2026Q4 guidance was updated Nov 3. The trailing P/E is about 150 and the forward P/E about 94.
In the Daily Standout
- November 3, 2026: on the shortlist −5.22%