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Summary
Palantir (PLTR) closed at $175.40 on November 3, 2026, down 1.65%, in the first US session after its third-quarter results.
The Motley Fool tied the drop to slowing contract growth, with total contract value up 6% and remaining performance obligations unchanged at $4.9 billion.
Revenue rose 96% to $2.313 billion and Palantir raised its 2026 revenue guidance, according to the company's release.
The stock lagged the Nasdaq Composite, which gained 0.83% in the same session.
Gotrade News - In the latest Palantir stock news, Palantir Technologies (PLTR) closed at $175.40 on Tuesday, November 3, 2026, down 1.65% in the first US session after the company reported its third-quarter results.
According to the Motley Fool, Palantir stock fell as investors focused on slowing contract growth and flat remaining performance obligations rather than the quarter's revenue growth.
PLTR Trading Data
Data
Value
Closing price
$175.40
Change
-$2.94 (-1.65%)
Previous close
$178.34
Open
$168.18
Day range
$165.25 to $176.54
Volume
53.1 million shares
30-day average volume
22.8 million shares
52-week range
$106.37 to $212.94
Regular-session close on Tuesday, November 3, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since November 4, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
Palantir opened lower at $168.18 and slid to a day low of $165.25 before recovering. The stock reached a high of $176.54 and finished $10.15 above the day's low, near the top of its range.
Trading was heavy. Volume reached 53.1 million shares, 133.11% above the average of 22.8 million shares.
The decline ran against a firmer market. The Nasdaq Composite rose 0.83% to 25,372.01 and the S&P 500 gained 0.36% to 7,568.92, while the Dow Jones Industrial Average slipped 0.38% to 51,786.72, leaving Palantir 2.48 percentage points behind the Nasdaq. Several software and AI names moved the other way: Oracle (ORCL) climbed 5.85%, Microsoft (MSFT) added 2.74% and Nvidia (NVDA) gained 2.29%. The US 10-year Treasury yield rose 5.8 basis points to 4.95%.
At the close, Palantir stood 17.63% below its 52-week high of $212.94 and 64.90% above its 52-week low of $106.37.
Why Palantir Stock Fell
According to the company's official results release, published on November 2, third-quarter revenue rose 96% year over year to $2.313 billion. U.S. commercial revenue jumped 148% to $984 million and passed U.S. government revenue, which rose 96% to $953 million, for the first time.
"Our U.S. commercial revenue has surpassed our U.S. government revenue for the first time in our company's history." (Alex Karp, Palantir CEO, in the company's Q3 2026 release)
The weak spot in the earnings report was new business. Total contract value came in at $2.918 billion, up 6% year over year, per the release, compared with 49% growth in the second quarter, as reported by the Motley Fool. The Motley Fool's session recap added that remaining performance obligations held at $4.9 billion, unchanged from the second quarter, and wrote that "it's Palantir's future that Wall Street is concerned about today."
Palantir linked part of the slowdown to deal structure. Customers adopting its new Sovereign AI capabilities signed shorter-than-usual contracts, which the company's CFO said are expected to grow in size and duration, according to the Motley Fool.
PLTR Stock Analysis: Supporting Factors and Risks
Supporting Factors
Raised outlook: Palantir lifted its 2026 revenue guidance to $8.530 billion to $8.534 billion and now expects U.S. commercial revenue above $3.559 billion, growth of at least 143%, according to the release.
Profitability: the company reported diluted GAAP earnings per share of $0.44, an adjusted operating margin of 62% and a Rule of 40 score of 158%, per the release.
Cash and backlog: cash, cash equivalents and U.S. government securities totaled $10.4 billion, and U.S. commercial remaining deal value rose 79% to $6.517 billion, per the release.
Risks
Contract momentum: total contract value growth slowed to 6% and remaining performance obligations stayed at $4.9 billion, which the Motley Fool said pointed to a possible future sales slowdown.
Shorter deal terms: the shorter Sovereign AI contracts can reduce reported contract value even when customer spending rises, the Motley Fool noted.
Valuation focus: the Motley Fool's session recap put the stock at about 86 times forward earnings and said valuation stayed in focus during the session.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
