Palantir reports strong earnings while Burry maintains short position

Michael Burry's investment firm is betting against Palantir Technologies, even as the data company reports strong growth. Burry's firm, Scion Asset Management, holds put options on 5 million Palantir shares, worth around $912 million.

Palantir recently announced revenue of $1.935 billion for the second quarter of 2026, nearly double the same period last year. Its US commercial business grew even faster, up 149% year-on-year.

Burry believes Palantir looks more like a consulting firm than a pure software company. He points to rising unpaid bills from clients and low advance payments as warning signs. He has also questioned whether new AI technology could reduce demand for Palantir's services.