Palantir's Q2 Revenue Surges to $1 Billion, Fueled by AI Demand and Government Contracts

Palantir Reports Sales Up 48%, Cites 'Astonishing' AI Impact

Palantir Technologies Inc. reported a 48% increase in revenue for the second quarter to more than $1 billion, citing the "astonishing impact" of artificial technology on its business. The data software company also raised its revenue outlook for the full year to $4.14 billion to $4.15 billion, exceeding analysts' prior expectation of $3.91 billion. The shares gained about 4% in extended trading after closing at $160.66 in New York. Denver-based Palantir has seen its stock price surge more than 500% over the past year -- buoyed by high expectations from investors, growth in demand for AI tools and a deep reach into both the private and public sectors. The company's $1 billion revenue in the period ended June 30 exceeded analysts' average estimate of $939 million. It said growth was particularly strong in the US, where sales jumped 68% to $733 million. (Source: Bloomberg)

Palantir lifts annual revenue forecast again as AI demand accelerates

Aug 4 (Reuters) - Palantir Technologies (PLTR.O), opens new tab on Monday raised its annual revenue forecast for the second time this year, expecting sustained demand for its AI-linked services from businesses and governments. The data analytics and defense software firm is getting a boost from U.S. President Donald Trump's focus on national security and a shift in the Pentagon's software-buying process towards commercial and "non-traditional" providers. Last week, the U.S. Army said it might purchase services of up to $10 billion from the company over a decade. Palantir's shares were up 4% in extended trading. They have more than doubled in value this year, as investors bet on the company's ability to benefit from the proliferation of AI technology and government spending on defense tech. The company projected revenue in the range of $4.14 billion to $4.15 billion this year, up from its earlier forecast of between $3.89 billion and $3.90 billion. The raised forecast is also above analysts' average estimate of $3.90 billion, according to data compiled by LSEG. Sales to the U.S. government jumped 53% to $426 million, representing more than 42% of total second-quarter revenue of about $1 billion, which beat estimates. "They have accelerants on both sides (commercial and government)" said Gil Luria, an analyst at D.A. Davidson who has a "neutral" rating on the stock. "On the government side, their capabilities have gotten to a point where they can be the lead contractor on increasingly large projects." Palantir, co-founded by tech billionaire Peter Thiel, said it expects revenue derived from U.S. businesses to come in above $1.30 billion this year, up from its earlier guidance of more than $1.18 billion. The company beat second-quarter adjusted earnings expectations and forecast current-quarter sales above estimates. HIRING FRENZY Palantir expects expenses to significantly ramp up in the third quarter due to the seasonality of the hiring process, CFO David Glazer said during a post-earnings call. Tech firms have been competing to attract and retain top talent, as they race to champion rapidly evolving AI technology. "We are doing very well on the talent acquisition and retention side," CEO Alex Karp said on the call. As the hiring frenzy for AI roles escalates to professional athlete levels, Karp said that recruiting did not focus on educational background. "Once you come to Palantir, you're a 'Palantirian'. No one cares about the other stuff." Reporting by Arsheeya Bajwa in Bengaluru; Editing by Sriraj Kalluvila Our Standards: The Thomson Reuters Trust Principles., opens new tab

Palantir raises annual revenue forecast again on surging AI demand

Aug 4 (Reuters) - Palantir Technologies (PLTR.O), opens new tab on Monday raised its forecast for annual revenue for the second time this year, expecting robust demand for its artificial intelligence-linked services from businesses and governments. The data analytics and defense software firm projected revenue in the range of $4.14 billion to $4.15 billion for 2025, up from its earlier forecast of between $3.89 billion and $3.90 billion. The raised forecast is also above analysts' average estimate of $3.90 billion, according to data compiled by LSEG. Palantir, which was initially backed by the CIA, has capitalized on its expertise in managing and analyzing data to help train and run new AI apps using its platforms. Shares of the Denver, Colorado-based company rose more than 2% in extended trading. Its shares have more than doubled in value this year, far outpacing the 6% gain for the benchmark S&P 500, as investors bet on its ability to benefit from the proliferation of AI technology and government spending on defense tech. Palantir, co-founded by tech billionaire Peter Thiel, said it now expects revenue derived from U.S. businesses to come in above $1.30 billion, up from its earlier guidance of more than $1.18 billion. They nearly doubled to $306 million in the June quarter. The business is closely watched as the company works to cut its reliance on government contracts. Sales to the U.S. government jumped 53% to $426 million, representing more than 42% of total second-quarter revenue of about $1 billion, which beat estimates. Last week, the U.S. Army said it might purchase services of up to $10 billion from Palantir over a decade. Palantir also forecast third-quarter sales above estimates. The company's second-quarter adjusted earnings of 16 cents per share beat estimates of 14 cents. Reporting by Arsheeya Bajwa in Bengaluru; Editing by Sriraj Kalluvila Our Standards: The Thomson Reuters Trust Principles., opens new tab

Palantir shares jump as soaring AI demand powers forecast upgrade

Aug 5 (Reuters) - Palantir Technologies (PLTR.O), opens new tab shares rose 5% before the bell on Tuesday, after strong demand for its AI-powered services across governments and commercial businesses prompted an increase in its annual revenue forecast. Investors have been betting big on the data analytics and defense software company's military-grade artificial intelligence tools and services, which have propelled its shares to more than double in value this year, making them the best performer on the S&P 500 (.SPX), opens new tab index through last close. "Palantir's staggering growth is showing no signs of slowing... and (its) ability to grow at scale has been underestimated by a large cohort of the market," said Matt Britzman, senior equity analyst at Hargreaves Lansdown. The company raised its annual revenue forecast for the second time this year and above Wall Street estimates. Sales to the U.S. government jumped 53% to $426 million, representing more than 42% of the total second-quarter revenue of about $1 billion. Last week, the U.S. Army said it might spend up to $10 billion on Palantir's services over the next decade. The Denver, Colorado-based company, co-founded by Peter Thiel, expects expenses to rise significantly in the third quarter due to seasonal hiring amid rising competition among industry leading tech firms to poach top talent, as businesses rapidly look to adopt AI. The stock trades at over 200 times its 12-month forward earnings estimates, compared with AI giant Nvidia's (NVDA.O), opens new tab 34.81 and S&P 500's 27.44. Jefferies analysts cautioned that there is a "disconnect between valuation and achievable growth". At least six brokerages raised their price targets on the stock after the results. Reporting by Siddarth S and Akriti Shah in Bengaluru; Editing by Shilpi Majumdar Our Standards: The Thomson Reuters Trust Principles., opens new tab

Palantir tops $1 billion in revenue for the first time, boosts guidance

Alex Karp, CEO of Palantir Technologies, speaks on a panel titled Power, Purpose, and the New American Century at the Hill and Valley Forum at the U.S. Capitol on April 30, 2025 in Washington, DC. Palantir topped Wall Street's estimates Monday, surpassing $1 billion in quarterly revenue for the first time, and hiking its full-year guidance. Here's how the company did versus LSEG estimates: The artificial intelligence software provider's revenues grew 48% during the period. Analysts hadn't expected the $1 billion revenue benchmark from the Denver-based company until the fourth quarter of this year. "The growth rate of our business has accelerated radically, after years of investment on our part and derision by some," wrote CEO Alex Karp in a letter to shareholders. "The skeptics are admittedly fewer now, having been defanged and bent into a kind of submission." The software analytics company also boosted its full-year outlook guidance. For the full year, Palantir now expects revenues to range between $4.142 billion and $4.150 billion, up from prior guidance of $3.89 billion to $3.90 billion.

Palantir earnings beat expectations. Here's what analysts are saying

Analysts are floating growth concerns over Palantir after the company's latest quarterly report. The artificial intelligence software provider on Monday reported results that topped top and bottom line estimates . It also hiked its full-year guidance given explosive growth in AI. The company's revenues grew 48% during the period and hit $1 billion for the first time. Palantir shares jumped more than 5% in early morning trading, continuing its post-earnings rally. Year to date, the stock has rallied 112.4%. Some analysts raised their price targets on the stock after the report. However, the Street remains divided on shares. Of the 25 analysts that cover the stock, two rate it a strong buy while four have a buy rating, per LSEG. Sixteen analysts rate shares a hold, with the rest assigning an underperform or sell rating. Here's how some top analysts are positioned after Palantir's results: Jefferies: maintains underperform rating, $60 price target Analyst Brent Thill said Palantir reported "ripping fundamentals" but that its valuation is disconnected from even more optimistic growth scenarios. His price target suggests a potential decline of about 62%. "While fundamentals have strengthened meaningfully in recent quarters, PLTR now trades at 74x CY26E revenue. Even under a bullish scenario where the company accelerates to a 55% 4-year CAGR, the stock would need to trade at 25x CY28E revenue just to justify its current price, highlighting the disconnect between valuation and achievable growth ... We continue to view PLTR's GTM strategy as a structural risk. Ongoing reliance on a services-led approach (FDEs) and a limited direct sales force raises questions about scalability and efficiency. UBS: maintains neutral rating, lifts price target by $55 to $165 The firm's new price target still suggests minimal upside ahead of about 2.7%. "Palantir is benefiting from a confluence of megatrends in AI application development, investments at the data layer and the modernization of defense tech, but valuation at 136x CY26E FCF remains our key hurdle and we remain Neutral rated," analyst Karl Keirstead said in a note to clients. "Given we expect Palantir's fundamental business outlook to remain relatively stable we expect Palantir will continue trading at the high end of the historical range." Citi: keeps neutral rating, $158 price target Analyst Tyler Radke called it a "truly exceptional" second quarter for Palantir, but like other Wall Street majors, remains cautious on the stock's valuation. "While we were positive on fundamentals into the quarter, the magnitude of the upside and the bookings/backlog was well above even the highest of expectations, and even more impressive vs. the rest of software. We expect stock to hold after-hour gains given the blowout performance," he said. Morgan Stanley: maintains equal weight rating, lifts price target to $155 from $98 Analyst Sanjit Singh said Palantir is "winning the current AI cycle." "Wow... is our reaction to Q2 results with nearly every headline metric and KPI accelerating versus Q1 which itself was a very strong quarter," Singh wrote in a note. "As Gen AI has captured the collective mindset of tech and society at large over the last few years, it now seems as little coincidence that Palantir has just reported 8 straight quarters of accelerating YoY growth." Deutsche Bank: upgrades to hold from sell, lifts price target by $80 to $160 The firm views Palantir's Ontology business as its "real differentiator" with its valuable customer base, large contract awards and scale in terms of growth and margins. Valuation concerns remain, however. "We were admittedly quite late to the party in appreciating how Palantir's platform is uniquely positioned for AI and changed the trajectory of the company. For several quarters now we've more fully credited this progress but struggled with valuation that remains at an order of magnitude premium to all public Software peers," analyst Brad Zelnick said.

Palantir stock pops 7% after blowout quarter driven by AI, efficiency demand

Palantir stock popped more than 7% Tuesday after the software analytics provider lifted its full-year outlook, boosted by the artificial intelligence wave. CEO Alex Karp called the earnings results a "once in a generation, truly anomalous quarter" during an earnings call with analysts. "We're very proud and we're sorry that our haters are disappointed, but there are many more quarters to be disappointed, and we're working on that too," he added. U.S. revenues grew 68% year over year $733 million, while U.S. commercial revenues nearly doubled from $306 million in the year-ago period.

Palantir books its first $1 billion in quarterly sales after dodging US spending cuts

NEW YORK (AP) -- Shares of Palantir Technologies appear to be heading toward another record high Tuesday after booking its first $1 billion in quarterly sales and raising its outlook for the year. The stock rose above $170 before the opening bell Tuesday, which would be tops for the company that has already notched record highs four times this year, the most recent on July 25 when its stock closed at $158.80. Since going public in 2020 when it posted a $1.17 billion annual loss, the artificial intelligence software company has swung to a profit. Profit rose 33% to $327 million in the second quarter. Its $1 billion quarterly revenue haul was fueled by a 53% spike in government sales, despite massive spending cuts under President Donald Trump and his Department of Government Efficiency, once led by the world's richest man Elon Musk. "DOGE has had zero negative impact on Palantir's U.S. government business, which achieved its fastest growth rate since the second quarter of 2021," wrote William Blair analysts Louie DiPalma and Bryce Sandberg. "Palantir is clearly benefiting from AI industry momentum across its government and commercial customer bases." The company also recorded a 93% jump in business sales. Overall U.S. revenue surged 68% to $733 million. Late Monday, Palantir raised its revenue expectations for 2025 to between $4.14 billion and $4.15 billion. It also raised its U.S. commercial revenue guidance to more than $1.3 billion, which would mean that Palantir achieved a growth rate of at least 85%. "This was a phenomenal quarter," CEO Alex Karp said in a statement accompanying the earnings release. "We continue to see the astonishing impact of AI leverage." Palantir, headquartered in Denver, Colorado, specializes in software platforms that pull together and analyze large amounts of data.

Palantir posts 48% revenue growth and beats expectations across the board - SiliconANGLE

Palantir posts 48% revenue growth and beats expectations across the board Shares of Palantir Technologies Inc. were up over 3% in late trading today after the big data analytics company reported earnings and revenue beats it its fiscal second quarter and gave an outlook ahead of expectations off the back of surging growth. For the quarter that ended on June 30, Palantir reported adjusted earnings per share of 16 cents, up from nine cents per share in the same quarter of 2024, on revenue of $1.004 billion, up 48% year-over-year. Both figures were ahead of the 14 cents per share and revenue of $937.45 million expected by analysts. Palantir saw its U.S. revenue grow 68% year-over-year in the quarter to $733 million, with commercial revenue up 93% to $306 million and government revenue up 53% year-over-year to $426 million. The company closed 157 deals of at least $1 million in the quarter, 66 deals of at least $5 million and 42 deals of at least $10 million. The quarter also saw Palantir close a record-setting $2.27 billion of total contract value - up 140% year-over-year. Cash from operations in the quarter came in at $539 million and Palantir ended the quarter with $6 billion in cash, cash equivalents and securities on hand. Business highlights in the quarter included the U.S. Army consolidating 75 legacy Palantir software contracts into a single 10‑year enterprise agreement with a ceiling of up to $10 billion, signaling a shift to "a la carte," volume‑based artificial intelligence procurement. Alongside the deal, Palantir introduced its TITAN mobile AI targeting unit, a software-led, hardened system for real‑time battlefield analytics that further cemented its role as a prime contractor in defense modernization. In mid‑May, Palantir forged a strategic integration with Divergent Technologies Inc., embedding its Adaptive Production System directly into Warp Speed and Foundry, giving users AI-native, on-demand additive manufacturing capabilities. The setup lets defense and industrial clients automatically detect supply chain bottlenecks and close them through digital fabrication, all within Palantir's interface. Right at the end of the quarter, Palantir also announced that Accenture Federal Services would become its preferred U.S. federal implementation partner, with plans to train and certify more than 1,000 Accenture data and AI professionals on Foundry and Palantir's Artificial Intelligence Platform. The collaboration aims to scale AI‑driven automation across mission command, federal supply chain orchestration and financial intelligence programs by industrializing Palantir implementations. "This was a phenomenal quarter. We continue to see the astonishing impact of AI leverage. Our Rule of 40 score was 94%, once again obliterating the metric. Year-over-year growth in our U.S. business surged to 68%, and year-over-year growth in U.S. commercial climbed to 93%," said Alex C. Karp, co-founder and chief executive officer of Palantir, in the company's earnings release. "We are guiding to the highest sequential quarterly revenue growth in our company's history, representing 50% year-over-year growth." For its fiscal third quarter, Palantir said that it expected revenue of $1.083 billion to $1.087 billion and for the full year, revenue of $4.142 billion to $4.15 billion. For the full year, analysts had been expecting a forecast of $3.9 billion.

Palantir stock hits all-time high as AI software company exceeds $1 billion in quarterly revenue for the first time

Shares of Palantir Technologies (Nasdaq: PLTR) are surging to new highs after the company reported better-than-expected Q2 2025 results. During the quarter, the AI software company saw its revenues surge nearly 50% and surpass more than a billion dollars -- the company's first quarterly 10-figure haul in its history. Here's what you need to know. Yesterday, Palantir reported its Q2 2025 earnings after the closing bell. The company's quarterly earnings were "phenomenal," according to CEO Alex Karp. The headline result of the quarter is the billion-dollar revenue intake. Total revenue for the quarter reached $1.004 billion. That's just $4 million over the psychologically important 10-figure line. Palantir achieved that number by growing its revenue 48% year-over-year and 14% quarter-over-quarter.

Palantir hits $1 billion in quarterly sales for the first time, avoids DOGE cuts

Shares of Palantir Technologies sailed past previous record highs Tuesday after booking its first $1 billion sales quarter and raising its performance expectations for the year. The stock rose above $170 on Tuesday after breaking previous records four times this year in the global artificial intelligence race. The previous high for the stock was set just over a week ago when its stock closed at $158.80. Since going public in 2020 when it posted a $1.17 billion annual loss, the artificial intelligence software company has swung swiftly to a profit and sales are booming. Profit rose 33% to $327 million in the second quarter. Its $1 billion quarterly revenue haul was fueled by a 53% spike in government sales, despite massive spending cuts under President Donald Trump and his Department of Government Efficiency, once led by the world's richest man Elon Musk.

Palantir books its first $1 billion in quarterly sales after dodging US spending cuts

NEW YORK (AP) -- Shares of Palantir Technologies appear to be heading toward another record high Tuesday after booking its first $1 billion in quarterly sales and raising its outlook for the year. The stock rose above $170 before the opening bell Tuesday, which would be tops for the company that has already notched record highs four times this year, the most recent on July 25 when its stock closed at $158.80. Since going public in 2020 when it posted a $1.17 billion annual loss, the artificial intelligence software company has swung to a profit. Profit rose 33% to $327 million in the second quarter. Its $1 billion quarterly revenue haul was fueled by a 53% spike in government sales, despite massive spending cuts under President Donald Trump and his Department of Government Efficiency, once led by the world's richest man Elon Musk. "DOGE has had zero negative impact on Palantir's U.S. government business, which achieved its fastest growth rate since the second quarter of 2021," wrote William Blair analysts Louie DiPalma and Bryce Sandberg. "Palantir is clearly benefiting from AI industry momentum across its government and commercial customer bases." The company also recorded a 93% jump in business sales. Overall U.S. revenue surged 68% to $733 million. Late Monday, Palantir raised its revenue expectations for 2025 to between $4.14 billion and $4.15 billion. It also raised its U.S. commercial revenue guidance to more than $1.3 billion, which would mean that Palantir achieved a growth rate of at least 85%. "This was a phenomenal quarter," CEO Alex Karp said in a statement accompanying the earnings release. "We continue to see the astonishing impact of AI leverage." Palantir, headquartered in Denver, Colorado, specializes in software platforms that pull together and analyze large amounts of data.

Palantir books its first $1 billion in quarterly sales after dodging US spending cuts

NEW YORK -- Shares of Palantir Technologies appear to be heading toward another record high Tuesday after booking its first $1 billion in quarterly sales and raising its outlook for the year. The stock rose above $170 before the opening bell Tuesday, which would be tops for the company that has already notched record highs four times this year, the most recent on July 25 when its stock closed at $158.80. Since going public in 2020 when it posted a $1.17 billion annual loss, the artificial intelligence software company has swung to a profit. Profit rose 33% to $327 million in the second quarter. Its $1 billion quarterly revenue haul was fueled by a 53% spike in government sales, despite massive spending cuts under President Donald Trump and his Department of Government Efficiency, once led by the world's richest man Elon Musk. "DOGE has had zero negative impact on Palantir's U.S. government business, which achieved its fastest growth rate since the second quarter of 2021," wrote William Blair analysts Louie DiPalma and Bryce Sandberg. "Palantir is clearly benefiting from AI industry momentum across its government and commercial customer bases." The company also recorded a 93% jump in business sales. Overall U.S. revenue surged 68% to $733 million. Late Monday, Palantir raised its revenue expectations for 2025 to between $4.14 billion and $4.15 billion. It also raised its U.S. commercial revenue guidance to more than $1.3 billion, which would mean that Palantir achieved a growth rate of at least 85%. "This was a phenomenal quarter," CEO Alex Karp said in a statement accompanying the earnings release. "We continue to see the astonishing impact of AI leverage." Palantir, headquartered in Denver, Colorado, specializes in software platforms that pull together and analyze large amounts of data.

Palantir Books Its First $1 Billion in Quarterly Sales After Dodging US Spending Cuts

NEW YORK (AP) -- Shares of Palantir Technologies appear to be heading toward another record high Tuesday after booking its first $1 billion in quarterly sales and raising its outlook for the year. The stock rose above $170 before the opening bell Tuesday, which would be tops for the company that has already notched record highs four times this year, the most recent on July 25 when its stock closed at $158.80. Since going public in 2020 when it posted a $1.17 billion annual loss, the artificial intelligence software company has swung to a profit. Profit rose 33% to $327 million in the second quarter. Its $1 billion quarterly revenue haul was fueled by a 53% spike in government sales, despite massive spending cuts under President Donald Trump and his Department of Government Efficiency, once led by the world's richest man Elon Musk. "DOGE has had zero negative impact on Palantir's U.S. government business, which achieved its fastest growth rate since the second quarter of 2021," wrote William Blair analysts Louie DiPalma and Bryce Sandberg. "Palantir is clearly benefiting from AI industry momentum across its government and commercial customer bases." The company also recorded a 93% jump in business sales. Overall U.S. revenue surged 68% to $733 million. Late Monday, Palantir raised its revenue expectations for 2025 to between $4.14 billion and $4.15 billion. It also raised its U.S. commercial revenue guidance to more than $1.3 billion, which would mean that Palantir achieved a growth rate of at least 85%. "This was a phenomenal quarter," CEO Alex Karp said in a statement accompanying the earnings release. "We continue to see the astonishing impact of AI leverage." Palantir, headquartered in Denver, Colorado, specializes in software platforms that pull together and analyze large amounts of data.

Palantir Boosts Its Outlook as Quarterly Revenue Hits Record $1B on AI Demand

Kara Greenberg is a senior news editor for Investopedia, where she does work coordinating, writing, assigning, and publishing multiple daily and weekly newsletters. Prior to joining Investopedia, Kara was a researcher and editor at The Wire. Earlier in her career, she worked in financial compliance and due diligence at Loomis, Sayles & Company, and The Bank of New York Mellon. Palantir (PLTR) posted second-quarter earnings that topped analysts' expectations and raised its outlook on strong demand for its Artificial Intelligence Platform. The AI software company reported adjusted earnings of 16 cents on revenue that jumped 48% year-over-year to a record $1 billion, above Wall Street estimates. CEO Alex Karp called it a "phenomenal quarter" that underlined "the astonishing impact of AI leverage." The CEO said Palantir's commercial business nearly doubled from a year ago, while its U.S. business grew 68%. Looking ahead, Palantir said it sees third-quarter sales of $1.08 billion to $1.09 billion, and full-year revenue of $4.14 billion to $4.15 billion, up from $3.89 to $3.9 billion previously. Both ranges were well above analysts' estimates compiled by Visible Alpha. Palantir stock climbed about 4% in after-hours trading. The shares have more than doubled in value in 2025 through Monday's close, and were up more than 500% over the past 12 months.

Palantir stock soars after $1B Q2 earnings crush forecasts as AI demand fuels 110% YTD surge -- now S&P 500's top performer

Palantir Q2 earnings just made headlines by hitting a major milestone -- crossing $1 billion in revenue for the first time. The company beat Wall Street expectations, driven by booming demand for its AI-powered defense and commercial platforms like AIP, Foundry, and Gotham. With over 110% YTD stock growth, Palantir has become a breakout leader in the S&P 500's AI rally. Its strong government contracts and rapid commercial expansion show it's more than hype -- it's delivering real-world AI solutions at scale. This quarter's results firmly place Palantir Technologies as a top name in the fast-growing AI and national security tech space.

Palantir lifts annual revenue forecast again as AI demand accelerates - The Economic Times

The data analytics and defense software firm is getting a boost from U.S. President Donald Trump's focus on national security and a shift in the Pentagon's software-buying process towards commercial and "non-traditional" providers.Palantir Technologies on Monday raised its annual revenue forecast for the second time this year, expecting sustained demand for its AI-linked services from businesses and governments. The data analytics and defense software firm is getting a boost from U.S. President Donald Trump's focus on national security and a shift in the Pentagon's software-buying process towards commercial and "non-traditional" providers. Last week, the U.S. Army said it might purchase services of up to $10 billion from the company over a decade. Palantir's shares were up 4% in extended trading. They have more than doubled in value this year, as investors bet on the company's ability to benefit from the proliferation of AI technology and government spending on defense tech. The company projected revenue in the range of $4.14 billion to $4.15 billion this year, up from its earlier forecast of between $3.89 billion and $3.90 billion. The raised forecast is also above analysts' average estimate of $3.90 billion, according to data compiled by LSEG. Sales to the U.S. government jumped 53% to $426 million, representing more than 42% of total second-quarter revenue of about $1 billion, which beat estimates. "They have accelerants on both sides (commercial and government)" said Gil Luria, an analyst at D.A. Davidson who has a "neutral" rating on the stock. "On the government side, their capabilities have gotten to a point where they can be the lead contractor on increasingly large projects." Palantir, co-founded by tech billionaire Peter Thiel, said it expects revenue derived from U.S. businesses to come in above $1.30 billion this year, up from its earlier guidance of more than $1.18 billion. The company beat second-quarter adjusted earnings expectations and forecast current-quarter sales above estimates. Hiring frenzy Palantir expects expenses to significantly ramp up in the third quarter due to the seasonality of the hiring process, CFO David Glazer said during a post-earnings call. Tech firms have been competing to attract and retain top talent, as they race to champion rapidly evolving AI technology. "We are doing very well on the talent acquisition and retention side," CEO Alex Karp said on the call. As the hiring frenzy for AI roles escalates to professional athlete levels, Karp said that recruiting did not focus on educational background. "Once you come to Palantir, you're a 'Palantirian'. No one cares about the other stuff."

Palantir shares jump as soaring AI demand powers forecast upgrade - The Economic Times

Palantir Technologies shares rose 5% in premarket trading on Tuesday, after the company lifted its annual revenue forecast for the second time this year, betting on strong demand for its AI-related services from governments and companies. Investors have been betting big on the data analytics and defense software company's military-grade artificial intelligence tools and services, with the company being one of the biggest beneficiaries from increased US defense spending. That has helped double the company's stock price this year, making it the best performer on the S&P 500 index through last close after having sky-rocketed more than 600% in the last three years. "Palantir isn't just a government vendor anymore - it's becoming an indispensable partner for enterprises in the AI revolution," said Jacob Falkencrone, Saxo's global head of investment strategy. Founded in 2003 and listed in 2020, Palantir, has won a slew of US government contracts this year - including a $30 million contract from the US Immigration and Customs Enforcement in April and comes at a time when the Trump administration is bolstering its focus on national security. Last week, the US Army said it might spend up to $10 billion on its services over the next decade. "Palantir's staggering growth is showing no signs of slowing ... and (its) ability to grow at scale has been underestimated by a large cohort of the market," said Matt Britzman, senior equity analyst at Hargreaves Lansdown. Sales to the US government jumped 53% to $426 million, representing more than 42% of the total second-quarter revenue of about $1 billion. The stock trades at over 200 times its 12-month forward earnings estimates, making it the most overvalued company in the S&P 500 index, compared with AI giant Nvidia's 34.81. Jefferies analysts cautioned that there is a "disconnect between valuation and achievable growth." Co-founded by Peter Thiel, Palantir expects expenses to rise significantly in the third quarter due to seasonal hiring amid rising competition among industry leading tech firms to poach top talent, as businesses rapidly look to adopt AI. At least eight brokerages raised their price targets on the stock after the results.

Palantir Stuns Morgan Stanley With Its Q2 2025 Earnings: "Wow... Is Our Reaction To Q2 Results"

This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy. Palantir, an AI-powered Software-as-a-Service (SaaS) provider that allows companies and government agencies to gather and analyze tons of raw data, has just achieved a rare financial milestone: a 48 percent year-over-year growth in revenue paired with an operating margin of 46 percent. For the benefit of those who might not be aware, Palantir currently has two specialized platforms, with Gotham geared towards the data analytics needs of various government agencies, and Foundry enabling the agglomeration and analysis of data for enterprises. Palantir has also developed its bespoke Artificial Intelligence Platform (AIP), which allows for the integration of various LLMs and other types of generative AI within an organization's operational structure via AI-powered applications and agents. Palantir revealed its Q2 2025 earnings on Monday, blowing away expectations on nearly every metric. It notched its first-ever billion dollar quarter, reporting $1.004 billion in revenue against a consensus estimate of $939.71 million, driven by 157 deal closures of at least $1 million, 66 deal closures of at least $5 million, and 42 deal closures of at least $10 million, which pushed up its closed total contract value (TCV) metric to a record-setting $2.27 billion, which constitutes a year-over-year growth of 140 percent. Palantir's guidance was equally impressive, now expecting between $1.083 billion and $1.087 billion in revenue for its third quarter, and raising its full-year revenue guidance to $4.142 - $4.152 billion, with free cash flow of between $1.8 billion and $2.0 billion. This brings us to the core of today's topic. Morgan Stanley analyst Sanjit Singh has now raised his price target on Palantir shares from $98 to $155, while maintaining an 'Equal Weight' rating on the stock. For reference, Palantir shares are currently trading at the $169 price handle in early pre-market trading. Singh went on to laud Palantir in his dedicated investment note, boldly declaring: "Palantir Has the Winning Recipe to Deploy AI. Wow... is our reaction to Q2 results with nearly every headline metric and KPI accelerating versus Q1 which itself was a very strong quarter." To contextualize the seemingly unbridled growth at Palantir, Singh points towards eight consecutive quarters of "accelerating YoY growth" and an "astounding" Rule of 40 score of 94 percent, composed of a year-over-year revenue growth of 48 percent and an operating margin of 46 percent, paired with a run-rate that has just eclipsed $4 billion. For context, do note that the Rule of 40 posits that a company is healthy if its growth rate plus profit margin either equals or exceeds 40 percent. Singh then describes Palantir's four core strengths: Of course, Palantir's lone concern remains its sky-high valuation, which is now approaching nose-bleed levels, replete with a P/E ratio of 1285.58.

Palantir Stock Pops as Powerful AI Demand Drives 78% Q2 Earnings Growth and Big Annual Guidance Raises | The Motley Fool

The stock's rise is attributable to both revenue and earnings beating Wall Street's estimates -- with the top-line beat a big one -- and management raising its full-year 2025 guidance for several key metrics. In the earnings release, CEO Alex Karp characterized the quarter as "phenomenal" -- and, indeed it was. As Karp said, Palantir continues "to see the astonishing impact of AI leverage." Given the phenomenal report, some investors might wonder why the stock didn't gain even more after the release. The reason has to do with expectations. Palantir stock trades at a sky-high valuation and Wall Street's estimates were lofty, so high expectations were already largely factored into the stock price. As to the valuation, the stock was trading at about 278 times Wall Street's forward projected earnings per share (EPS) as of the close of Monday's regular-trading session. Data source: Palantir Technologies. GAAP = generally accepted accounting principles. Calculations by author except for revenue growth, which was provided by Palantir. Investors should focus on the adjusted numbers, which exclude one-time items. Wall Street was looking for adjusted EPS of $0.14 on revenue of $939.7 million, so Palantir exceeded both estimates, with the top-line beat particularly impressive. It also surpassed its own guidance, which was for revenue between $934 million to $938 million. The company doesn't issue earnings guidance. Palantir generated cash of $539 million from running its operations during the quarter, up 274% from the year-ago period. Its adjusted free cash flow was $569 million, up 282% year over year. The company ended the quarter with cash, cash equivalents, and short-term investments of $6.0 billion, up from $5.4 billion last quarter. It has no long-term debt. All percentage growth figures are year over year. Q3 guidance: Going into the release, Wall Street had been modeling for Q2 revenue of $981.8 million, or 35% growth, so Palantir's guidance crushed this expectation. Annual guidance: Data source: Palantir Technologies. YOY = year over year. *Calculations by author except for total revenue and U.S. commercial revenue growth guidance, which Palantir provided. In short, Palantir turned in another stellar report. As I've written for about a year now, I believe Palantir stock will be a winning long-term investment. But given the stock's sky-high valuation, only those who truly have long investing horizons should consider buying it. As I wrote last quarter, "if you do decide to buy it, it's imperative to dollar-cost-average (DCA) your way into your full position. That means investing the same dollar amount in the stock at some fixed interval, such as quarterly. This method will ensure that you don't risk buying all your shares in the stock right before a significant decline."

Palantir (PLTR) Q2 Revenue Surges 48% | The Motley Fool

Palantir Technologies (PLTR 4.18%), a data analytics and artificial intelligence software company known for serving both governments and corporations, reported its second quarter 2025 earnings on August 4, 2025. The release delivered headline-grabbing results: GAAP revenue climbed to $1.00 billion, well ahead of the $937.7 million average analyst estimate (GAAP). Adjusted (non-GAAP) earnings per share landed at $0.16 versus the $0.14 consensus. With substantial beats on both top and bottom lines, with GAAP revenue and non-GAAP EPS both exceeding analyst estimates, Palantir's second quarter marks another period of outperformance, with strong year-over-year growth in its core U.S. commercial (71%) and government (45%) customer base and significantly higher year-on-year profitability. The quarter was notable for record deal activity, robust cash generation, and the company's most ambitious guidance yet for FY2025, even as International commercial revenue declined 5% year-over-year and 11% sequentially to $141 million, and international growth stayed sluggish. Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. Palantir Technologies builds and deploys complex software platforms used to integrate, analyze, and manage data at scale. Its core offerings -- including Gotham (government analytics software), Foundry (commercial operations platform), Apollo (deployment and management tool), and the Artificial Intelligence Platform (AIP) -- help organizations transform massive data into actionable insights. Clients span government agencies, defense, healthcare, manufacturing, and financial services. Currently, the company's priorities include advancing its AI-powered software, driving adoption of AIP in commercial and public sectors, and deepening relationships with U.S. government entities. To succeed, Palantir depends on relentless technological innovation, acquiring and retaining customers with high-stakes data needs, and competing aggressively in both government and enterprise markets. Privacy compliance and regulatory alignment remain key for its reputation and long-term client trust. The second quarter was shaped by extraordinary year-over-year growth in Palantir's U.S. operations. Total U.S. revenue jumped 68% year-over-year to $733 million. U.S. commercial sales, driven by accelerated adoption of the Artificial Intelligence Platform, surged 93% year-over-year, and U.S. government revenue increased by 53% year-over-year. The company closed 157 deals of at least $1 million each, and overall contract value booked set a record of $2.27 billion, up 140% year-over-year. Customer count rose 43% year over year and 10% sequentially, indicating broad adoption across sectors. yielding a strong 46% adjusted operating margin. GAAP net income more than doubled year over year. Adjusted free cash flow reached $569 million, up 282.7% year over year. Palantir's government business continues to build momentum. The Army contract, which unified dozens of smaller contracts into a single $10 billion agreement spanning the next decade, is expected to underpin government revenues for years. U.S. commercial remaining deal value reached $2.79 billion, up 145% year over year. Government work remains sensitive to policy shifts, but current results show strong demand for Palantir's AI-powered solutions in defense, intelligence, and public health. While U.S. growth and deal wins were the story of the quarter, international performance was less emphasized and presented as an area for improvement. Prior quarters hinted at weak or declining international commercial revenue in Europe (down 5% year-over-year and 11% sequentially) and mixed performance elsewhere. Management did not break out Q2 international figures in detail, reinforcing that U.S. business remains the principal growth engine. Concerns around international expansion, contract cancellation risk, and the impact of broader market volatility are still being monitored by market observers. The period saw strong demand for Palantir's Artificial Intelligence Platform (AIP), its enterprise-focused AI toolkit that turns large language models -- software that can process and generate human-like text -- into business productivity tools. Customers such as Walgreens and AIG have highlighted efficiency and operational gains from the technology. Gotham and Foundry also continue to serve as foundational analytics platforms for government and commercial users, while Apollo remains the critical backbone for software deployment and management. New use cases emerged as AIP powered increasingly sophisticated "AI agents." These tools harness data and models to automate business processes, decision-making, and even military operations. The quarter also underscored Palantir's strength in integrating software with complex customer environments in defense and manufacturing. The company's work with the Department of Defense, NATO, and Fortune 1000 firms is driving adoption beyond early pilot phases and into transformative enterprise deployments. Management points to continuous improvement as essential for maintaining product leadership. Heavy investment in research and development -- especially in AI, workflow automation, and data privacy -- remains a core focus. The business model relies on platform scalability, proven customer outcomes, and the ability to continue converting pilot projects into large, sticky contracts. Management responded to its record quarter by raising guidance for FY2025. For Q3 2025, Palantir expects GAAP revenue between $1.083 billion and $1.087 billion, and the largest sequential quarterly revenue growth in its history. Full-year revenue guidance was increased to $4.142-$4.150 billion for FY2025. The company now aims for U.S. commercial revenue in excess of $1.302 billion for FY2025, representing at least 85% growth, and raised its targets for adjusted income from operations and free cash flow to ranges of $1.912-$1.920 billion and $1.8-$2.0 billion, respectively, for FY2025. This forward outlook reflects confidence in ongoing U.S. demand and expanded customer pipelines, especially with the continued roll-out of AI tools in major companies and government agencies. However, leadership did not offer detailed international guidance. Key variables to monitor for upcoming quarters include further customer expansion outside the U.S, trends in contract cancellations or deferrals, and the ongoing impact of stock-based compensation on per-share results.

The Biggest Takeaways From Palantir's Aug. 4 Earnings Report | The Motley Fool

Palantir Technologies (PLTR 9.17%) has been the highest-performing S&P 500 stock over the past 12 months, and there isn't even a close second. Its stock is up around 550% -- more than 30 times the S&P 500's gains in that span. Much of Palantir's recent stock price success can be attributed to the artificial intelligence (AI) boom that consumed the stock market and business world over the past couple of years. On Aug. 4, Palantir reported its second-quarter earnings, with the results causing an after-hours 4.5% jump. Below are the biggest takeaways from its earnings report. Palantir is a software company that builds tools that make analyzing and gaining insight from large and complicated data sets much easier. Historically, its software has been geared toward governments, holding large contracts with U.S. government agencies like the CIA and the Department of Defense. However, with the introduction of its Artificial Intelligence Platform (AIP), Palantir's commercial business has been growing at a much faster pace and is gaining ground in its government segment. In Q2, Palantir's U.S. commercial revenue grew 93% year over year to $306 million, while its U.S. government revenue grew 53% year over year to $426 million. This performance helped the company achieve its first-ever $1 billion quarter. Palantir isn't a consumer-facing business like other big tech companies like Microsoft, Alphabet, and Apple. The focus on institutional clients means it routinely closes multiyear six- and seven-figure deals. Below is how many large-value deals Palantir has closed in Q2 2024, Q1 2025, and Q2 2025. Data source: Palantir. The above represent deals from all of Palantir's segments, but it's worth noting that its U.S. commercial deals of at least $1 million doubled from Q2 2024, and U.S. commercial deals of at least $5 million increased fivefold. Being able to close these large deals is critical to Palantir's business because companies don't simply buy the software and put it to use; Palantir's tools are deeply ingrained in these institutions' operations. A company's operating income is its profit from its core operations. In Q2, Palantir's adjusted operating income was $464 million, up from $254 million in Q2 2024. Adjusted operating income typically excludes expenses like one-time charges and stock-based compensation (a huge expense for Palantir), which is why it's higher than Palantir's operating income under generally accepted accounting principles (GAAP). What's arguably more impressive about Palantir's adjusted operating income growth is that it has been able to expand its margins while simultaneously making investments to grow AIP and its other U.S. operations. Below are its margins from the past five quarters: With Palantir's recent stock price explosion has come a valuation that is well beyond "expensive" by even the most relaxed of standards. As of its Q2 earnings report, the stock is trading at a jaw-dropping 287 times its forward earnings. There's expensive, and then there's that. This high valuation doesn't mean that investors should steer clear of the stock, but it does mean the stock has a bright yellow caution sign attached to it. Historically, even companies that traded at high levels -- but much cheaper than Palantir -- have experienced sharp pullbacks. Of course, past events aren't guaranteed to repeat for Palantir, but it's not far-fetched to think the company could fail to meet up to its lofty expectations at any point.

Big Data And Big Returns For Palantir

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify. Is the AI revolution slowing down? Not anytime soon, according to the latest quarterly numbers from Palantir (PLTR). The software analytics company has been identified by Seeking Alpha subscribers multiple times over the past year, with recommendations for outsized returns and even as the best AI stock to watch in 2025. Those who invested at those junctures would be up 345% and 140%, respectively, so stay tuned for future SA Sentiment-based picks and outlooks in Wall Street Breakfast. Coming in hot: Palantir just logged its first quarter with revenue that topped $1B, sending shares up another 5.2% to $169 in the premarket session on Tuesday. Astounding revenue growth of 93% Y/Y was seen in its U.S. commercial unit, and U.S. government revenue growth was also up 53% Y/Y. Adjusted operating income and free cash flow were equally impressive, while revenue guidance was hiked well above projections, with $4.14B-$4.15B expected for FY25. "Maybe stop talking to all the haters. They're suffering. Don't tell them about how important the ride has been, how exciting it's been, how much fun it is to write little e-mails to analysts that spend 20 years learning about software and have been wrong about every quarter," Palantir (PLTR) CEO Alex Karp said on the conference call. "This is an America story. We're growing faster than we're even able to grow, like we're going to have to be turning away people... I believe we will 10x U.S. commercial revenue in the next, in my view, five years." Ever heard of the "Rule of 40"? The financial equation is commonly used in the Software as a Service (SaaS) industry to size up the health and sustainability of a company. The formula is calculated by adding the combined revenue growth rate to profit margin, which should equal or be at least 40%. "If that number is somewhere in the 50, 60, 70 [range] that's pretty baller," added Karp. "Our Rule of 40 score was 94%, once again obliterating the metric... We continue to see the astonishing impact of AI leverage." See the full transcript here

Wall Street Breakfast Podcast: AI Powers Palantir's Rev Jump

Palantir's (NASDAQ:PLTR) second quarter 2025 financial results blasted market expectations as artificial intelligence offerings propel revenue growth. Shares are up nearly 5% in premarket action and have already more than doubled year to date. For the quarter ended June 30, the Denver-based data analytics and AI software company reported adjusted earnings per share of $0.16, which was more than the consensus estimate of $0.14. GAAP EPS came in at $0.13 compared to the consensus of $0.08. Revenue for the quarter totaled $1B, which represented a 48% year-over-year increase and was more than the estimate of $939.47M. Revenue was boosted by a 93% year-over-year gain in U.S. commercial sales and a 53% rise in government contracts to $306M and $426M, respectively. Looking ahead to the quarter in progress, Palantir expects revenue to range from $1.08B to $1.09B, which is well above the estimate of $985M. For the full year, Palantir increased its revenue forecast to range from $4.14B to $4.15B compared to its prior forecast of $3.89B to $3.9B. Early reactions from analysts were positive on the results and outlook. Seeking Alpha analyst Jonathan Weber, "While PLTR is a pretty expensive stock, its performance looks highly compelling and Palantir clearly is a winner from the broad AI trend." Last Friday on Wall Street Breakfast, Figma was on our biggest movers list after soaring 250% in its debut on Thursday. On Monday, Figma (NYSE:FIG) dropped 27.4% to $88.60/share, its third day of trading, significantly paring gains since its IPO last week. FIG had more than tripled to $115.50/share on Thursday after going public, and reached as high as $142.92 the following day. Figma's (NYSE:FIG) market capitalization reached $59.5B on Friday, nearly triple the amount that Adobe (ADBE) had offered to acquire the company in 2022 before the deal was called off. Figma's market cap on Monday fell to about $45.2B. SA analyst Oliver Rodzianko rates the stock Hold, "not because of business vulnerability, but because of market euphoria," adding that the core risk is its valuation. Investing Group Leader Daniel Jones rates the stock a soft Sell, as he believes the market has gotten overly enthusiastic. "While I admire Figma's (NYSE:FIG) business and growth prospects, the stock is priced for perfection," he noted. New York Post Media Group, the entity behind the namesake news outlet, which is owned by News Corp (NASDAQ:NWS) (NWSA), said Monday it is launching "The California Post" in early 2026. The content of the new publication will appear across multiple platforms and formats, including mobile and desktop sites, video, audio, social media, and a daily print edition, according to an official statement. The California Post will be headquartered in Los Angeles, and Nick Papps will become the first editor-in-chief of the publication. The news publisher will operate as a separate entity under the New York Post Media Group. What's Trending on Seeking Alpha: Taiwan Semi starts legal actions against potential trade secret violators - report Berkshire Hathaway buys $106.5M in Sirius XM, cuts $230M in DaVita Vertex Pharmaceuticals stock falls as pain drug fails in phase 2 Catalyst watch: Dow, S&P and Nasdaq futures are in the green. Crude oil is down 1% at $65/barrel. Bitcoin is down 0.2% at $114,000. Gold is up 0.3% at $3,363. The FTSE 100 is up 0.4% and the DAX is up 0.6%. The biggest movers for the day premarket: STAAR Surgical (NASDAQ:STAA) +45% - Shares soared after Alcon announced a deal to acquire the company for $28/share in cash, valuing STAAR at ~$1.5B.

Palantir raises annual revenue forecast again on surging AI demand

Palantir Technologies on Monday raised its annual revenue forecast for the second time this year, expecting robust demand for its AI-linked services from businesses and governments, sending its shares up 5% in extended trading. Initially backed by the CIA, the company has capitalized on its expertise in managing and analyzing data to help train and run new artificial intelligence apps using its platforms. The data analytics and defense software firm projected revenue in the range of $4.14 billion to $4.15 billion for 2025, up from its earlier forecast of between $3.89 billion and $3.90 billion. The raised forecast is also above analysts' average estimate of $3.90 billion, according to data compiled by LSEG. "Palantir is continuing to exceed increasingly high expectations," said Gil Luria, an analyst at D.A. Davidson who has a "neutral" rating on the stock. "The only way to describe their trajectory is: parabolic." Palantir's shares have more than doubled in value this year, far outpacing the 6% gain for the benchmark S&P 500, as investors bet on its ability to benefit from the proliferation of AI technology and government spending on defense tech. The company, co-founded by tech billionaire Peter Thiel, said it expects revenue derived from U.S. businesses to come in above $1.30 billion, up from its earlier guidance of more than $1.18 billion. This business is closely watched as Palantir works to cut its reliance on government contracts. Sales to the US government jumped 53% to $426 million, representing more than 42% of total second-quarter revenue of about $1 billion, which beat estimates. Second-quarter adjusted earnings of 16 cents per share beat estimates of 14 cents. "They have accelerants on both sides (commercial and government)" Luria said. "On the government side, their capabilities have gotten to a point where they can be the lead contractor on increasingly large projects." Last week, the US Army said it might purchase services of up to $10 billion from Palantir over a decade. The company also forecast third-quarter sales above estimates.

Palantir shares jump as soaring AI demand powers forecast upgrade

Palantir Technologies shares rose five per cent in premarket trading on Tuesday, after the company lifted its annual revenue forecast for the second time this year, betting on strong demand for its AI-related services from governments and companies. Investors have been betting big on the data analytics and defense software company's military-grade artificial intelligence tools and services, with the company being one of the biggest beneficiaries from increased U.S. defense spending. That has helped double the company's stock price this year, making it the best performer on the S&P 500 .SPX index through last close after having sky-rocketed more than 600 per cent in the last three years. "Palantir isn't just a government vendor anymore - it's becoming an indispensable partner for enterprises in the AI revolution," said Jacob Falkencrone, Saxo's global head of investment strategy. Founded in 2003 and listed in 2020, Palantir, has won a slew of U.S. government contracts this year - including a US$30 million contract from the U.S. Immigration and Customs Enforcement in April and comes at a time when U.S. President Donald Trump's administration is bolstering its focus on national security. Last week, the U.S. Army said it might spend up to $10 billion on its services over the next decade. "Palantir's staggering growth is showing no signs of slowing ... and (its) ability to grow at scale has been underestimated by a large cohort of the market," said Matt Britzman, senior equity analyst at Hargreaves Lansdown. Sales to the U.S. government jumped 53 per cent to $426 million, representing more than 42 per cent of the total second-quarter revenue of about $1 billion. The stock trades at over 200 times its 12-month forward earnings estimates, making it the most overvalued company in the S&P 500 index, compared with AI giant Nvidia's 34.81. Jefferies analysts cautioned that there is a "disconnect between valuation and achievable growth." Co-founded by Peter Thiel, Palantir expects expenses to rise significantly in the third quarter due to seasonal hiring amid rising competition among industry leading tech firms to poach top talent, as businesses rapidly look to adopt AI. At least eight brokerages raised their price targets on the stock after the results.

Palantir Stock Surges 110% YTD After Q2 Earnings and $10 Billion Army Deal

Palantir Stock Pops as AI Strategy Delivers First $1 Billion Quarter, the Company Raises 2025 Revenue Guidance: Can the Momentum Last? Palantir Technologies (PLTR) saw its in pre-market trading on August 5, 2025. The hike came after a good Q2 earnings report that beat analyst expectations and marked a historic milestone. For the second quarter of 2025, per share of $0.16, surpassing Wall Street estimates of $0.14. It is a 77% year-over-year increase. Revenue surged to $1.004 billion, up 48% from the previous year. This figure is well above the projected $939.25 million. This marked the first time Palantir crossed the billion-dollar mark in quarterly revenue.

Palantir sees first billion dollars in quarterly sales amid US spending cuts | BreakingNews.ie

Shares of Palantir Technologies appear to be heading towards another record high on Tuesday after the company booked its first billion dollars (£0.75 billion) in quarterly sales and raised its outlook for the year. The stock rose above 170 dollars (£127) before the opening bell on Tuesday, which would be a high for the company that has already notched record highs four times this year, the most recent on July 25 when its stock closed at 158.80 dollars (£119.53). Since going public in 2020 when it posted a 1.17 billion-dollar (£0.88 billion) annual loss, the artificial intelligence software company has swung to a profit. Profit rose 33% to 327 million dollars (£246 million) in the second quarter. Its one billion dollars quarterly revenue haul was fuelled by a 53% spike in government sales, despite massive spending cuts under President Donald Trump and his Department of Government Efficiency (Doge), once led by the world's richest man Elon Musk. "Doge has had zero negative impact on Palantir's US government business, which achieved its fastest growth rate since the second quarter of 2021," wrote William Blair analysts Louie DiPalma and Bryce Sandberg. "Palantir is clearly benefiting from AI industry momentum across its government and commercial customer bases." The company also recorded a 93% jump in business sales. Overall US revenue surged 68% to 733 million dollars (£551.7 million). Late Monday, Palantir raised its revenue expectations for 2025 to between 4.14 billion dollars and 4.15 billion dollars (£3.12 billion). It also raised its US commercial revenue guidance to more than 1.3 billion dollars (£0.98 billion), which would mean that Palantir achieved a growth rate of at least 85%. "This was a phenomenal quarter," chief executive Alex Karp said in a statement accompanying the earnings release. "We continue to see the astonishing impact of AI leverage." Mr Karp believes AI will benefit everyone, saying during a call with industry analysts on Monday that Palantir is "bullish on all aspects of American life, including and especially people in the blue collar". He said Palantir wants to "arm the working class or blue collar workers with AI agency enhancing skills", and said that the company will work with labour leaders to help familiarise workers with the technology. "People with less than a college education are creating a lot value and sometimes more value than people with a college education using our product," Mr Karp said. Palantir, headquartered in Denver, specialises in software platforms that pull together and analyse large amounts of data.

Palantir raises annual revenue forecast again on surging AI demand

(Reuters) -Palantir Technologies on Monday raised its forecast for annual revenue for the second time this year, expecting robust demand for its artificial intelligence-linked services from businesses and governments. The data analytics and defense software firm projected revenue in the range of $4.14 billion to $4.15 billion for 2025, up from its earlier forecast of between $3.89 billion and $3.90 billion. The raised forecast is also above analysts' average estimate of $3.90 billion, according to data compiled by LSEG. Palantir, which was initially backed by the CIA, has capitalized on its expertise in managing and analyzing data to help train and run new AI apps using its platforms. Shares of the Denver, Colorado-based company rose more than 2% in extended trading. Its shares have more than doubled in value this year, far outpacing the 6% gain for the benchmark S&P 500, as investors bet on its ability to benefit from the proliferation of AI technology and government spending on defense tech. Palantir, co-founded by tech billionaire Peter Thiel, said it now expects revenue derived from U.S. businesses to come in above $1.30 billion, up from its earlier guidance of more than $1.18 billion. They nearly doubled to $306 million in the June quarter. The business is closely watched as the company works to cut its reliance on government contracts. Sales to the U.S. government jumped 53% to $426 million, representing more than 42% of total second-quarter revenue of about $1 billion, which beat estimates. Last week, the U.S. Army said it might purchase services of up to $10 billion from Palantir over a decade. Palantir also forecast third-quarter sales above estimates. The company's second-quarter adjusted earnings of 16 cents per share beat estimates of 14 cents. (Reporting by Arsheeya Bajwa in Bengaluru; Editing by Sriraj Kalluvila)

Having passed the billion mark, Palantir is confident about the rest of the year

Palantir Technologies has surpassed $1bn in quarterly revenue for the first time, with results well above expectations. The US data analytics and defense software group reported adjusted earnings of 16 cents per share, slightly above expectations of 14 cents, with 48% y-o-y growth. This performance was driven by continued strong demand for artificial intelligence from both businesses and government agencies, confirming Palantir's strategic acceleration in this area. The company raised its annual forecast for 2025 to a range of $4.14bn to $4.15bn, up from $3.89bn to $3.90bn previously, significantly exceeding market expectations. In the US, domestic revenues jumped 68%, driven by a sharp increase in commercial sales to $306m, while government contracts rose 53% to $426m. This momentum was accompanied by strong contract expansion, with 66 new agreements worth at least $5m and a 140% y-o-y jump in commitments. Palantir's share price has more than doubled YTD, propelling its market capitalization to a level never before seen amongst US tech giants. Q2 figures resulted in it gaining nearly 5% in after-hours trading. Indeed, investors are praising its ability to capitalize on the rise of AI and increased public spending on defense technology, as the company gradually reduces its dependence on government contracts alone. These arguments are overshadowing the many mysteries surrounding the company and its leaders.

Palantir shares jump as soaring AI demand powers forecast upgrade

(Reuters) -Palantir Technologies shares rose 5% before the bell on Tuesday, after strong demand for its AI-powered services across governments and commercial businesses prompted an increase in its annual revenue forecast. Investors have been betting big on the data analytics and defense software company's military-grade artificial intelligence tools and services, which have propelled its shares to more than double in value this year, making them the best performer on the S&P 500 index through last close. "Palantir's staggering growth is showing no signs of slowing... and (its) ability to grow at scale has been underestimated by a large cohort of the market," said Matt Britzman, senior equity analyst at Hargreaves Lansdown. The company raised its annual revenue forecast for the second time this year and above Wall Street estimates. Sales to the U.S. government jumped 53% to $426 million, representing more than 42% of the total second-quarter revenue of about $1 billion. Last week, the U.S. Army said it might spend up to $10 billion on Palantir's services over the next decade. The Denver, Colorado-based company, co-founded by Peter Thiel, expects expenses to rise significantly in the third quarter due to seasonal hiring amid rising competition among industry leading tech firms to poach top talent, as businesses rapidly look to adopt AI. The stock trades at over 200 times its 12-month forward earnings estimates, compared with AI giant Nvidia's 34.81 and S&P 500's 27.44. Jefferies analysts cautioned that there is a "disconnect between valuation and achievable growth". At least six brokerages raised their price targets on the stock after the results. (Reporting by Siddarth S and Akriti Shah in Bengaluru; Editing by Shilpi Majumdar)

Palantir books its first $1 billion in quarterly sales and dodges DOGE axe

NEW YORK (AP) -- Shares of Palantir Technologies sailed past previous record highs Tuesday after booking its first $1 billion sales quarter and raising its performance expectations for the year. The stock rose above Tuesday after breaking previous records four times this year in the global artificial intelligence race. The previous closing high for the stock was set this week at . Since going public in 2020 when it posted a annual loss, the artificial intelligence software company has swung swiftly to a profit and sales are booming. Profit rose 33% to in the second quarter. Its quarterly revenue haul was fueled by a 53% spike in government sales, despite massive spending cuts under President and his , once led by the world's richest man . "DOGE has had zero negative impact on Palantir's government business, which achieved its fastest growth rate since the second quarter of 2021," wrote analysts and . "Palantir is clearly benefiting from AI industry momentum across its government and commercial customer bases." "This was a phenomenal quarter," CEO said in a statement accompanying the earnings release. "We continue to see the astonishing impact of AI leverage." Karp believes AI will benefit everyone, saying during a call with industry analysts on Monday that is, "bullish on all aspects of American life, including and especially people in the blue collar." He said wants to "arm the working class or blue collar workers with AI agency enhancing skills," and said that the company will reach out to labor leaders to help familiarize workers with the technology. "People with less than a college education are creating a lot value and sometimes more value than people with a college education using our product," Karp said. , headquartered in , specializes in software platforms that pull together and analyze large amounts of data. Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. , source