Palantir Reports Strong Q2 Earnings, U.S. Commercial Revenue Surges Nearly 150%
Palantir Technologies reported strong second-quarter earnings with revenue rising 93% year-over-year to $1.94 billion and adjusted EPS of 41 cents per share, surpassing expectations. The company's U.S. commercial segment saw a significant increase in growth, surging by nearly 150%, while its government division also posted robust gains at 90%. Despite these results, Palantir shares have declined by almost 30% this year amid broader concerns about slowing AI software demand. The company raised full-year revenue guidance to between $8.15 billion and $8.16 billion from a previous range of $7.65 billion to $7.66 billion, reflecting confidence in continued growth. CEO Alex Karp emphasized the unprecedented scale of Palantir's expansion and predicted sustained momentum for at least another 18 months.
Tickers: $PLTR
Topics: Earnings Beat Palantir Revenue Growth Stock Performance