theguardian_business

‘This quarter was otherworldly’: Palantir earnings surge past expectations

📰 source: theguardian_business · 💼 business

palantir blew past wall street expectations in q2, with revenue up 93% year over year to $1.94bn — well above the $1.8bn analysts expected. shares jumped 10% in the aftermath.

us government contracts grew 90% to $809m, and ceo alex karp called the quarter 'otherworldly,' noting us commercial revenue rose 149%. the company guided q3 to $2.160bn-$2.164bn and lifted full-year revenue to $8.150bn-$8.158bn from a previous range of $7.65bn-$7.66bn.

analysts still question whether the growth is sustainable, particularly if ai eats into palantir's software layer. karp hit back, criticizing openai and anthropic's token-based ai access and saying customers want data control, not parasitic relationships with llm labs.

why it matters: palantir's blowout ai revenue and raised guidance signal strong enterprise ai demand, but ai collapse risk keeps stock volatile.

source: theguardian_business
sentiment: +0.80 · impact: 0.80

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Surprise fall in US jobs last month as slow summer continues

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

China is gaining ground in AI. But the U.S. still has a major advantage

US strikes $1.2bn deal to pay German firm to halt offshore wind projects