PLTR · PEAD ↑ 80

Palantir reported Q2 2026 EPS of $0.41 on 2026-08-03, beating the $0.28 consensus by $0.13 (+46.4% beat).

Print-day reaction was +2.1% versus the prior close, a modest initial pop on the earnings day itself. The overnight gap to the T+1 open was a striking +15.5%, signalling aggressive after-hours accumulation that dwarfed the in-session move. Over the following two trading days (T+1 close through T+3 close) the stock drifted –4.1%, paring some of the gap-driven surge but surrendering only a fraction of the overnight gains. Cumulative abnormal return of +23.8% versus SPY.US firmly places this in PEAD long territory; the documented drift pattern holds through 2026-10-29.