New York, Jan 18, 2026, 10:54 EST — Market closed.
- Palantir shares dropped 3.4% on Friday, closing at $170.96
- U.S. stock markets will be closed Monday in observance of Martin Luther King Jr. Day
- Investors are focused on Palantir’s earnings report scheduled for after the close on Feb. 2
Shares of Palantir Technologies Inc. dropped 3.4% Friday, ending the session at $170.96. The stock fluctuated between $170.03 and $182.12 on volume of roughly 59.5 million shares. This dip sets the stage for a holiday-shortened period as traders eye whether the decline persists once U.S. markets reopen.
Timing is crucial. With Palantir’s next earnings report looming, traders are already adjusting their positions. The stock tends to see sharp swings on heavier volume days.
Palantir announced it plans to release its fourth-quarter and full-year 2025 earnings on Monday, Feb. 2, after U.S. markets close. The company will hold a webcast at 3 p.m. Mountain time (5 p.m. ET). (Business Wire)
The next regular U.S. trading session kicks off Tuesday. Markets will be closed Monday to observe Martin Luther King Jr. Day, according to the NYSE holiday calendar. (New York Stock Exchange)
Risk appetite stayed subdued heading into the weekend. The S&P 500 slipped 0.1% on Friday, with the Nasdaq composite also retreating 0.1%. Wall Street wrapped up the opening week of earnings season quietly. (AP News)
Palantir provides software that helps governments and businesses integrate and analyze massive data sets. Much of the bullish outlook hinges on its Artificial Intelligence Platform, or AIP, which the company promotes as a means for clients to deploy AI tools directly on their own data within existing systems.
In its latest quarterly report, CEO Alex Karp described AIP’s impact as “transformational” while showcasing strong U.S. commercial growth. (Business Wire)
In the coming week, all eyes will be on Palantir’s trading once liquidity picks up after the long weekend. Traders will also be gauging if the initial earnings reports steer investors toward—or away from—high-growth software stocks.
The downside risk is clear. If guidance on Feb. 2 falters—especially regarding commercial demand or the flow of new government contracts—the stock could take a hit. It’s been trading with scant tolerance for surprises, especially with volumes running high.
Palantir’s earnings report on Feb. 2, released after the close, is the next major event to watch. Investors will zero in on management’s guidance to gauge where PLTR’s stock heads next.
