Summer 2026
Posted on 3/12/2026
Enterprise software enabling data-driven transformation
$34.04 - $60.58/hr
No H1B Sponsorship
New York, NY, USA
In Person
US Top Secret Clearance Required
Bachelor's
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Palantir builds software that helps large organizations run their digital transformation by giving them tools to access, connect, and analyze all of their data. Its platforms pull data from many sources, clean and link it, and then let users explore dashboards, reports, and AI-powered insights to make informed decisions. Unlike many analytics tools that focus on one data source or a single function, Palantir emphasizes an integrated, enterprise-wide data foundation with governance and security to support complex environments. The goal is to turn raw data into actionable intelligence that guides strategy and operations, helping clients deploy and scale transformative programs.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Aventura, Florida
Founded
2003
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Palantir's no-bid pipeline just got bigger. Stay Connected Find opportunities - and win them. By Nick Wakeman , Editor-in-Chief, Washington Technology August 12, 2026 04:11 PM ET A new $244M Pentagon memo skips the Federal Acquisition Regulation's process for sole-source justifications and urges agencies to find ways to work with the company. Palantir has secured another lucrative commitment from the Defense Department, with a pledge of up to $243.9 million in funding for the company's software between now and March 31, 2027. Deputy Secretary of Defense Steve Feinberg has also directed DOD departments to identify options for more spending on Palantir products from April 1, 2027 and Dec. 28, 2028. In a memo viewed by WT, Feinberg says Palantir's software is "providing valuable support to improve efficiencies with the defense industrial base." Feinberg highlighted DOD's use of the software to flag delays in munitions and delivery-vehicle production and maintenance. Feinberg made no mention of specific contracts or vehicles. The action follows a July award of a 10-year, $10 billion Army agreement that consolidated many of Palantir's existing contracts into a single pact. The Feinberg memo appears to be part of a trend in federal contracting, where no-compete contracts are growing as a percentage of all awards. No compete contracts accounted for 14.8% of all awards in the first half of 2026, compared to 12.6% for the same period in 2025. Federal News Radio reported that DOD said it has issued similar memos involving other companies. No compete contracts are allowed in the Federal Acquisition Regulation, which gives agencies the process for documenting why a sole-source contract is the best use of federal funds. Reasons for a no-compete contract can include urgency, only one responsible source, critical follow-on work and national security. Feinberg's memo mentions none of those reasons for directing the spending to Palantir. Palantir's portfolio of no-compete contracts includes an Agriculture Department award for the One Farmer, One File program. Agriculture also turned to Palantir's software for the department's return-to-the-office initiative. According to GovTribe data, the company has received $3.2 billion in contract obligations since 2024 and roughly half of those dollars came through no compete contracts. In Palantir's second quarter earnings release on Aug. 3, the company reported 93% in the second quarter compared to the same quarter a year ago. Total revenue reached $1.9 billion. U.S. government revenue grew 90% year-over-year to $809 million. Palantir also is ranked No. 40 on the 2026 Washington Technology Top 100, up 22 spots from the 2025 rankings.
Palantir Technologies has gained 34.5% over the past month, though the stock remains 6.4% below its trailing twelve-month high. Trading at 68.2 times trailing sales against the S&P 500's 3.3, the company commands a premium based on rapid growth: revenue increased 92.8% year over year in its most recent quarter. The growth is heavily concentrated in the United States, which now accounts for over 81% of total revenue. US commercial revenue grew 149% year over year in the second quarter of 2026, whilst US government revenue rose 90%. International commercial revenue grew just 26% by comparison. Management has raised full-year 2026 guidance to more than $3.424 billion, representing at least 134% growth.
Palantir Technologies exceeded Wall Street expectations in its Q2 earnings, reporting revenue of $1.94 billion versus analyst estimates of $1.81 billion, marking 92.8% year-on-year growth. Adjusted EPS came in at $0.41, beating estimates of $0.35. Management attributed the strong performance to surging demand for its artificial intelligence platform, particularly in US commercial and government sectors. The company's operating margin improved to 47.1%, up from 26.8% in the same quarter last year. Palantir raised its full-year revenue guidance to $8.15 billion at the midpoint from $7.66 billion. Billings reached $1.99 billion at quarter end, up 86% year on year. CEO Alexander Karp credited the company's customer-specific solutions and forward deployed engineering model for translating AI advancements into economic value. The quarter saw increased large multi-year contracts across industries.
Michael Burry has increased his bearish position against Palantir Technologies, purchasing March 2027 put options with strike prices in the low-to-mid $100s. The trade challenges Palantir's high valuation despite strong operating performance. Palantir's second-quarter revenue surged 93% year over year to $1.94 billion, whilst US commercial revenue jumped 149% to $764 million. The company closed 220 deals worth at least $1 million and generated $1.22 billion of adjusted free cash flow. Despite the strong growth, Palantir trades above 50 times 2026 sales and nearly 100 times free cash flow. Burry's position suggests he believes the stock's valuation may not be sustainable even with continued growth. For the third quarter, management expects revenue between $2.160 billion and $2.164 billion, with full-year guidance at $8.150 billion to $8.158 billion.
Palantir (PLTR) stock shows strong cash backing after earnings. Palantir stock draws attention after free cash flow reached $3.4 billion, exceeding statutory profit of $3.02 billion. Tldr. * Palantir generated $3.4 billion in free cash flow over the twelve months through June 2026. * Free cash flow exceeded the company's $3.02 billion statutory profit during the same period. * Palantir recorded an accrual ratio of -1.36, showing strong cash backing for reported earnings. * The company's free cash flow improved over the past year alongside strong earnings-per-share growth. * Palantir stock remains in focus as investors assess cash generation, profit quality, growth expectations, and financial risks. Palantir (PLTR) Technologies recently reported strong earnings, while its cash flow data added another positive measure for investors tracking Palantir stock. The company's latest figures show that free cash flow exceeded statutory profit over the twelve months through June 2026. That gap matters because free cash flow shows how much cash a business generates after operating costs and capital spending. Palantir reported about $3.4 billion in free cash flow, compared with statutory profit of $3.02 billion during the same period. Palantir stock shows negative accrual ratio. Palantir recorded an accrual ratio of -1.36 for the twelve months to June 2026. A negative reading means free cash flow came in above reported profit, which shows that earnings were supported by cash generation. The accrual ratio compares profit with free cash flow and measures the difference against average operating assets. Lower or negative ratios are generally viewed more favorably because they show less dependence on non-cash earnings. Palantir's $3.4 billion in free cash flow exceeded its $3.02 billion statutory profit. The result suggests the company converted a large share of its reported earnings into cash during the period. Free cash flow also improved over the last twelve months. That provides another data point for investors assessing Palantir stock after the company's recent earnings release and positive market reaction. Earnings growth adds another measure. Palantir also recorded strong earnings-per-share growth over the last year. Rising earnings per share, combined with free cash flow above statutory profit, gives investors more information when reviewing the company's recent financial performance. Investors may also examine profit margins, expected growth, return on investment, and other financial measures. These figures can provide a broader view of Palantir's operating performance beyond a single earnings period. The available analysis also notes one warning sign linked to Palantir Technologies. Investors often review such risks alongside cash flow, earnings growth, and valuation before making decisions. Palantir stock has attracted attention after the company's latest earnings. Its negative accrual ratio and stronger free cash flow provide additional context on the quality of reported profit during the latest reporting period. Stop guessing and start investing with confidence. KnockoutStocks gives you the AI insights, market intelligence, and stock research you need to spot opportunities, cut through the noise, and make smarter investment decisions - all in one powerful platform. Simply use coupon code SPECIAL50 at checkout to claim your exclusive discount. Limited Time Offer Get 3 free stock ebooks. Discover top-performing stocks in AI, Crypto, and Technology with expert analysis. * Top 10 AI Stocks - Leading AI companies * Top 10 Crypto Stocks - Blockchain leaders * Top 10 Tech Stocks - Tech giants