Palantir reports a strong second-quarter, with earnings and revenue exceeding expectations and the company lifting its full-year guidance. Multiple outlets report that Palantir’s total revenue grows 93% year over year to $1.94 billion, topping analyst expectations for the quarter. CNBC and Fortune highlight that U.S. commercial revenue accelerates sharply, increasing by roughly 149% (Fortune also reports this figure) as demand for Palantir’s AI software rises. The Guardian similarly notes the company’s broad revenue outperformance, describing the quarter as unusually strong.
On guidance, Fortune and CNBC state that Palantir raises its full-year outlook above Wall Street expectations following the results. The Guardian adds that U.S. government revenue from contracts also climbs, with U.S. government contract revenue growing 90% year over year to $809 million.
While financial performance is broadly consistent across coverage, The Guardian also mentions growing public and political opposition related to Palantir’s government work. Still, all sources focus primarily on the same earnings and revenue surge, particularly driven by U.S. commercial sales.
