Palmquist entered the majors in 1960 with the Los Angeles Dodgers, playing for them in 1960-1961 before joining the Minnesota Twins (1961). He posted a 1–3 record with a 5.11 earned run average in 36 pitching appearances, including two starts, allowing 47 runs (39 earned) on 77 hits while walking 36 batters and striking out 41 in 68​2⁄3 innings of work.\n', '

In 1963, Palmquist pitched in Japan for the Daimai Orions. He also saw action in the minor leagues with the Santa Barbara Dodgers (1951–52), Newport News Dodgers (1955), Kokomo Dodgers (1956), Great Falls Electrics (1957), Spokane Indians (1958, 1960), St. Paul Saints (1959) and Vancouver Mounties (1962), registering a mark of 28–36 with a 3.58 ERA in 551 innings.\n', '

Palmquist was a longtime resident of Grant\'s Pass, Oregon, where he died at the age of 77.\n', '

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