Palantir Technologies is set to report second-quarter results after the U.S. market closes on Aug. 4, with management guiding revenue of $934 million to $938 million, above the $899.1 million analyst consensus. The software group’s shares have climbed 340% this year and touched an all-time intraday high of $160.89 on July 31, leaving the stock trading at about 277 times forward earnings. Investor attention intensified after Palantir last week secured a U.S. Army contract valued at up to $10 billion over the next decade, consolidating multiple agreements into a single framework intended to streamline the military’s future software and data procurement. Analysts say the deal positions the company to benefit from rising federal spending on artificial-intelligence systems. Wedbush Securities reiterated an Outperform rating and $160 price target, calling Palantir a prime beneficiary of the "tidal wave" of government AI investment. D.A. Davidson likewise remains bullish but cautions that the steep valuation leaves little room for disappointment. Traders will look for evidence that commercial and government demand can sustain the company’s rapid growth when results are released after the bell.