Palantir Stock Soars Nearly 15% After Hours as Company 'Smoked Expectations' on Earnings, but Jim Cramer

On Monday, Palantir Technologies, Inc.

(NASDAQ:PLTR) shares surged nearly 15% in after-hours trading as Wall Street commentators praised the AI software company’s blowout second-quarter results and raised outlook.

Jim Cramer, Analysts React to Palantir’s Blowout Quarter CNBC’s Jim Cramer took to X and reacted to Palantir’s post-earnings rally on X, saying buyers were "walking up Palantir like the old days," before asking, "But are the old days still viable?" After market buyers walking up Palantir like the old days..

But are the old days still viable?— Jim Cramer (@jimcramer) August 3, 2026 Palantir shares gained 14.97 in after-hours trading but declined 21.79% in the past year, according to Benzinga Pro.

Futurum Group CEO Daniel Newman took a more bullish view, saying Palantir had "absolutely smoked expectations." He pointed to the company’s strong commercial performance and improved outlook, adding that its guidance looked even better than the quarterly results. $PLTR absolutely smoked expectations.