Palantir Posts 93% Q2 Revenue Jump to $1.94 Billion as Shares Surge 14%
Updated
Updated · Fortune · Aug 3
Palantir Posts 93% Q2 Revenue Jump to $1.94 Billion as Shares Surge 14%
3 articles · Updated · Fortune · Aug 3
Summary
$1.94 billion in second-quarter revenue and about $1.1 billion in net income beat Wall Street forecasts of $1.801 billion and 35 cents a share, extending Palantir’s AI-fueled growth streak.
220 deals worth at least $1 million helped drive the quarter, including 98 above $5 million and 73 above $10 million, as U.S. commercial revenue leapt 149% and government revenue rose 90%.
Q3 guidance of $2.160 billion to $2.164 billion in revenue topped the roughly $2 billion analysts expected, and Palantir lifted full-year 2026 revenue guidance to $8.150 billion-$8.158 billion.
Shares climbed more than 14% after hours, a reversal from May when another earnings beat was followed by a 7% drop amid concerns customers might shift to off-the-shelf AI models.