Palantir posts blowout Q2 numbers, with U.S. commercial revenue soaring nearly 150%
The AI software company said U.S. commercial revenue jumped 149% and government revenue rose 90% as demand strengthened across its platforms.
- On Monday, Palantir Technologies reported second-quarter revenue of $1.94 billion, a 93% year-over-year surge that exceeded analyst estimates of $1.80 billion.
- Growth stemmed from strength in the U.S., where commercial revenue jumped 149% and government revenue climbed 90% as clients adopted the Artificial Intelligence Platform .
- Palantir CEO Alex Karp noted second-quarter net income exceeded the prior year's total revenue, while adjusted earnings per share reached 41 cents, beating the 35-cent estimate.
- Shares of Palantir surged 13% to $142.0 in after-hours trading following the report, as the company raised full-year 2026 revenue guidance to $8.158 billion.
- Palantir expects third-quarter revenue of $2.164 billion, while continuing development with Anduril on the Golden Dome antimissile shield initiative for President Donald Trump.
37 Articles
37 Articles
Sueddeutsche Zeitung
In addition to the military and public authorities, US companies are also increasingly looking for AI assistance at Palantir. Head of the company Alex Karp uses this for an attack on large AI providers.
With revenues of just under 1.94 billion dollars, Palantir clearly exceeded the expectations of analysts who had expected 1.8 billion dollars. Within three months alone, sales grew by one fifth. Current growth comes mainly from the US business.
Among other things, the Pentagon and the U.S. Department of Domestic Protection rely on Palantir software. While it obviously runs splendidly for the data giant in the U.S., there is scepticism in Europe.
The US software company Palantir Technologies recorded net profit attributed to ordinary shareholders of US$ 1.06 billion in the second quarter, jump of 224.5 percent against the gain recorded a year earlier (US$ 322.7 million). The balance was disclosed on Monday (3), after the closing of the American stock exchange. The gain per share of US$ 0.41, same value of the adjusted gain per share, exceeded the estimates of analysts surveyed by LSEG, w…
(San Francisco = Yonhap News) Correspondent Kwon Young-jeon = U.S. data analytics firm Palantir increased its U.S. commercial revenue by nearly 150% in the second quarter, catching up with market expectations...
Coverage Details
Bias Distribution
- 46% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
