Palantir Technologies (PLTR) has posted the kind of earnings report that makes a pricey company seem nearly fair.
Revenue surged 93% year over year
U.S. commercial sales jumped 149%. Government revenue climbed 90%. Profit margins expanded while growth accelerated, an unusual combination for any software company, let alone one approaching $2 billion in quarterly revenue.
And they responded accordingly. Palantir shares surged 29.5% on Aug. 4, according to CNBC, its highest one-day percentage gain since February 2024, after the firm raised its annual projection and beat Wall Street’s second-quarter estimates. That surge presented a difficult dilemma for shareholders and would-be buyers.