PLTR · PEAD ↓ 64

Palantir Technologies reported Q1 2026 EPS of $0.33 on 2026-05-04, beating the $0.28 consensus by $0.05 (+17.9%).

Print-day reaction was a muted +1.4% versus the prior close, a notably subdued move given the EPS beat magnitude. The overnight gap to the T+1 open was a sharp -3.9%, signalling meaningful after-hours selling pressure that erased the initial gain and then some. Over the following two trading days (T+1 close to T+3 close) price drifted an additional +0.8%, providing no meaningful recovery against the overnight damage. Cumulative abnormal return of -6.4% versus SPY.US firmly places this in PEAD short territory — drift confirmed the fade rather than the beat; holding window runs through 2026-07-30.