Michael Burry Is Still Short Palantir. Here's What Its Nov. 2 Report Has to Show.
Michael Burry maintains his short position on Palantir Technologies (PLTR) with put options expiring in 2027, citing concerns about the company's growth and accounting. Palantir is set to report Q3 results on Nov. 2, with revenue expected between $2.160B and $2.164B. Burry's bet hinges on potential growth slowdown, while Palantir's U.S. commercial revenue growth is crucial for its full-year outlook.
How this was made
The 30-second read
Why it matters
Guidance below prior growth rates could intensify pressure on PLTR, benefiting Burry's puts and short traders.
Market read
The fresh guidance provides a near‑term trading catalyst for PLTR, especially for short‑biased strategies.
What to watch
Recent U.S. commercial revenue surge may offset slower overall growth.
Background
Michael Burry maintains a bearish stance on Palantir, holding put options through 2027. The article highlights the upcoming Q3 guidance as the next catalyst.
Ticker impact
Palantir disclosed Q3 2026 revenue guidance of $2.16‑$2.164 billion and U.S. commercial revenue outlook, a fresh data point that directly affects Michael Burry's short put position.
potential downside pressure as investors price in slower growth
The guidance suggests a deceleration from the prior quarter; Burry's bet profits from a price drop, so traders may short or buy puts.
Market effects
AI software sector may see heightened scrutiny on growth forecasts.
U.S. tech indices could face slight pullback if Palantir underperforms.
Limited to investors tracking AI‑related equities.
Counterpoint
If Palantir exceeds guidance, the short position could be squeezed, offering a buying opportunity.
Key entities
- InvestorMichael Burry
Prominent short seller maintaining put options on Palantir.
- CompanyPalantir Technologies
AI software provider releasing Q3 2026 guidance.
