Palantir Q2 Revenue Beats Expectations and Significantly Raises Full-Year Revenue Guidance, Stock Price Surges 14% After Hours

BlockBeats News, August 4th, Palantir's second-quarter revenue grew 93% year-over-year to $19.4 billion, exceeding the market's expected $18 billion; adjusted earnings per share were $0.41, higher than the expected $0.35. After the financial report was released, the company's stock price rose 14% in after-hours trading.

The U.S. government business revenue grew 90% year-over-year to $8.09 billion. CEO Alex Karp stated that the company's business is growing at a pace and scale unseen before. Palantir also raised its full-year revenue outlook for the U.S. commercial business from over $32.24 billion to over $34.24 billion.

The company significantly increased its full-year 2026 revenue outlook from $76.50 billion to $76.62 billion to $81.50 billion to $81.58 billion. Third-quarter revenue is projected to be $21.60 billion to $21.64 billion, higher than the analysts' average expectation of $20 billion.

Palantir stated that the demand for its AI data analysis software is continuing to grow among U.S. government and commercial clients, and the company is further expanding the AI tools used in the military sector to the enterprise market.