Palantir soars 12% on blowout quarter, with U.S. commercial revenue soaring nearly 150% — SkimNews
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- Palantir topped Q2 estimates with adjusted EPS of 41 cents vs 35 cents expected and revenue of $1.94 billion vs $1.80 billion expected, sending shares up 12% after the release.
- US commercial revenue surged 149% year-over-year to $764 million, and remaining US commercial deal value more than doubled to $6.24 billion from a year earlier.
- US government revenue grew 90% year-over-year to $809 million, reinforcing Palantir's positioning as a key software vendor to the military and federal agencies.
- Net income climbed to $1.07 billion (41 cents per share) from $329 million (13 cents per share) a year ago, as total revenue jumped 93% from roughly $1 billion.
- Full-year revenue guidance was lifted to $8.15–8.16 billion from prior guidance of $7.65–7.66 billion, and Palantir is now bracing for 2026 US commercial revenue "in excess of" $3.42 billion, up from $3.22 billion.
- CEO Alex Karp told CNBC the strong growth "looks like this is going to go on for at least another 18 months" and doubled down on his advocacy for open-weight AI models, having recently joined tech heavyweights in a letter urging the government not to restrict them.
Why it matters: Palantir's Q2 beat directly cuts against the 'AI trade fatigue' narrative that had dragged shares down 29% year-to-date. With US commercial revenue nearly tripling, the deal pipeline more than doubling to $6.24 billion, and Karp projecting 18 more months of growth, institutional bears lose their cleanest data point—just as the government segment also grew 90%, validating the dual-engine thesis.
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