Palantir reported Q2 adjusted EPS of $0.41 and revenue of $1.935 billion, beating expectations amid strong AI-driven growth.
Palantir Technologies Inc (PLTR) shares surged 20% to $152 after reporting second-quarter earnings and revenue that exceeded Wall Street estimates. The company posted adjusted earnings per share of $0.41, above the $0.35 consensus, while revenue rose 93% year over year to $1.935 billion, surpassing the $1.80 billion forecast.
US revenue climbed 115% to $1.573 billion, driven by a 149% increase in US commercial revenue to $764 million. US government revenue grew 90% to $809 million. The company closed 220 deals worth at least $1 million, including 73 deals of $10 million or more, with total contract value up 49% to $3.373 billion.
Palantir raised its full-year 2026 revenue guidance to $8.150 billion and projected Q3 revenue of $2.160 billion to $2.164 billion. Adjusted operating income reached $1.194 billion, reflecting a 62% margin, while adjusted free cash flow was $1.220 billion.