Palantir (PLTR) shares closed the week of August 24, 2026, near $186.29 after surging on Q2 results released August 3 that showed revenue jumping 93% year-over-year to $1.935 billion, U.S. commercial revenue rising 149% to $764 million, and operating margins expanding to 47%. Management raised full-year 2026 revenue guidance to an 82% growth midpoint and highlighted accelerating "AI sovereignty" demand, with nearly 200 organizations attending bootcamps by mid-August. Elevated trading volumes and a $13 billion-plus backlog supported the move into the $186–$188 range. A sharp reversal in commercial bookings or unexpected macro tightening could still pressure the close, though near-term catalysts remain limited.