Palantir Technologies (NASDAQ:PLTR) just posted its 12th straight quarter of accelerating revenue growth when it reported FQ2 2026 results, and the market noticed immediately, sending shares surging more than 25% the next day. Second-quarter revenue hit $1.94 billion, up 93% year over year and comfortably ahead of the $1.81 billion analysts expected. The results reopened a debate that has followed this stock for years: is the growth finally catching up to the price, or is the price still running ahead of the growth? Palantir trades around $158 a share, valuing the company at roughly $391 billion, or about 48 times this year’s guided sales. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.