Palantir's valuation ratio exceeds 100, raising questions ahead of May 5 earnings report

Palantir Technologies is scheduled to report first-quarter results after the closing bell on May 4, with expected sales of $1.54 billion (up 74% from the comparable quarter last year) and EPS of $0.28 (more than double the first quarter of 2025).

The company entered 2026 with a trailing 12-month price-to-sales (P/S) ratio above 100. Historically, no industry leader has sustained a P/S ratio above 30; Palantir's ratio is three times this level, according to the article.

Following its previous four quarterly earnings reports, Palantir shares have gained up to 8% and lost as much as 12%, suggesting volatile moves are common when the company releases results.