Palantir soars 12% on blowout quarter, with U.S. commercial revenue soaring nearly 150%
📰 source: cnbc_topnews · 💼 business
palantir blew past wall street estimates on monday, sending shares up 12% in a single session. the q2 numbers: adjusted eps of 41 cents vs 35 cents expected, and revenue of $1.94 billion vs $1.80 billion. revenue climbed 93% from roughly $1 billion a year ago. net income hit $1.07 billion, up from $329 million in the year-ago quarter.
the standouts were in commercial. u.s. commercial revenue surged 149% to $764 million, up 380% since 2024. u.s. government revenue grew 90% to $809 million. ceo alex karp told cnbc that 'no businesses at our scale has even grown half this much.' the company raised full-year revenue guidance to $8.15-$8.16 billion, and now sees u.s. commercial revenue above $3.42 billion for 2026. remaining u.s. commercial deal value doubled to $6.24 billion.
shares have fallen 29% this year on ai trade concerns, but karp said growth looks set to continue for at least another 18 months. he also argued for open-weight models as competition to frontier labs.
why it matters: palantir's 149% us commercial revenue surge and raised guidance counter ai growth fears after 29% stock slide.
source: cnbc_topnews
sentiment: +0.90 · impact: 0.80