Palantir Technologies (PLTR) shares traded near $185 in late September 2026 after climbing above $190 mid-month, supported by robust Q2 results that included adjusted EPS of $0.41—well above consensus estimates of around $0.33–$0.35—and revenue of approximately $1.94 billion, reflecting roughly 79% year-over-year growth. Strong commercial and government demand for its AI platforms, combined with an elevated Rule of 40 score exceeding 140%, has sustained momentum despite elevated valuations. Q3 guidance calling for revenue near $2.16 billion further reinforced trader focus on accelerating top-line expansion and margin expansion. Upcoming catalysts include the Q3 earnings release and broader tech-sector reactions to interest-rate and macroeconomic data.