Palantir: A $13.1 Billion Backlog And Investors Are Just Starting To Catch On

Rick Orford4.51K FollowersFollowSummaryPalantir Technologies Inc. earns a Strong Buy rating, driven by accelerating growth and a massive $13.1B remaining deal value, up 83% YoY.Q2 2026 revenue surged 93% YoY to $1.935B, with operating margin expanding from 27% to 47% and net income margin reaching 55%.U.S. Commercial segment led growth, bookings rose 153% YoY, and partnerships like Rackspace address historic delivery bottlenecks, unlocking further scalability.Management raised full-year revenue guidance to $8.15B–$8.16B and expects to maintain high profitability, with backlog conversion as the key metric to monitor. hapabapa/iStock Editorial via Getty Images Palantir Technologies Inc. (PLTR) spent most of 2026 getting punished for a mistake it never actually committed. At the time of publication, the stock trades at around $172 per share, down around 5.6% over the past year andThis article was written byRick Orford4.51K FollowersFollowRick is a Wall Street Journal best-selling author and financial writer specializing in stocks and options trading. He's recognized as a top 1% financial expert and blogger on TipRanks, and his work, in both written and video form, has appeared in Good Morning America, Forbes, Yahoo Finance, MSN, Business Insider, InvestorPlace, Benzinga, SoFi, Barchart, Thrive Global, and many more. Journalists and editors can find his verified credentials on MuckRack.His passion is business, and he works tirelessly to make complex investing ideas easy to understand, whether on his YouTube channel, in his books, or across his published work.Rick started his career young. In 2004, he founded a web marketing agency that was acquired in 2007. He and his partner then became pioneers in the telecom industry, offering a business phone service that worked from anywhere. The company grew rapidly through innovation and strategic acquisitions before being sold in 2014 for a seven-figure exit.Between 2009 and 2015, Rick served on the board of directors of GVCCU, where he gained inside experience in the mortgage and lending business.In 2018, he wrote The Financially Independent Millennial to share his story of reaching financial independence at age 35 despite not learning about money growing up. His books are written to be approachable and often highlight the lessons he wishes he could have told his younger self.Rick later co-authored Success Mindsets, which became a Wall Street Journal bestseller on November 13, 2021.When he's not analyzing markets, Rick is an enthusiast of fast cars, technology, and good food.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.