Palantir reported a strong Q2 with revenue up 115% year-over-year to $1.57 billion, surpassing Wall Street estimates and driving a 15% pre-market stock surge. Growth was fueled by both commercial and government sectors, with U.S. government revenue rising 90% to $809 million. CEO Alex Karp highlighted the company’s distinct approach to AI, criticizing competitors and emphasizing Palantir’s focus on data privacy. The company also raised its full-year revenue forecast by nearly $500 million, signaling confidence in continued expansion.
US stock futures rose ahead of a busy earnings day, with the S&P 500 futures up 0.2%, nearing a new record high. The rally was supported by a 4.2% drop in oil prices after US Treasury hinted at a potential deal to reopen the Strait of Hormuz, easing ...
Palantir reported strong Q2 results with accelerated revenue growth, especially in the U.S., and a significant jump in GAAP operating margin. The company raised its 2026 revenue outlook by about $500 million, reflecting faster and more profitable sca...
Palantir Technologies reported second-quarter revenue of $1.94 billion, surpassing analyst expectations of $1.80 billion, and adjusted earnings of 41 cents per share, beating estimates of 35 cents. Following the strong results, Palantir raised its fu...
Palantir CEO Alex Karp criticized AI frontier labs for being untrustworthy and likened their control over AI to a form of economic colonization, suggesting they capture the means of production from enterprises. Despite these warnings, Palantir benefi...
Palantir Technologies reported an impressive 93% revenue growth in Q2 along with a 62% adjusted operating margin, highlighting strong business momentum. The company is expanding its customer base and increasing average contract values, with net dolla...
