Palantir Stock Slides Premarket on Doubts It Can Sustain Pace of Growth -- WSJ

By WSJ Staff

Palantir reported 96% revenue growth for the third quarter and profit more than doubled from a year earlier. The company even raised its full-year guidance. Chief Executive Alex Karp described the momentum as "unmatched in recent economic history."

So why are its shares down more than 7% in premarket trading?

Worries about Palantir's ability to keep up its breakneck pace of growth and justify its $400-billion-plus valuation. Palantir said it struck deals worth $2.9 billion in the quarter, down from $3.4 billion in the prior quarter.

"We believe the debate is increasingly about sustaining acceleration against a larger base, rather than whether underlying demand remains strong," said Jefferies analyst Brent Thill.

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November 03, 2026 06:39 ET (11:39 GMT)