Palantir shares slipped 1.3% to $129.64 on February 17, 2026, following broader weakness in the AI software sector despite strong annual financial results.
- The company reported 2025 revenue of $4.475 billion, a 56% increase year-over-year, with government contracts representing 54% of the business.
- A new A$7.6 million one-year contract was secured with Australia's Defence Department for cyber warfare, bringing the total project outlay to over A$26 million.
- Shares have seen a minor intraday recovery from morning lows, currently trading at $131.35 (down 0.05%).