Palantir posts blowout Q2 numbers, with U.S. commercial revenue soaring nearly 150%
The AI software company also lifted third-quarter and full-year guidance after U.S. commercial revenue jumped 149% and net income reached about $1.1 billion.
- Palantir Technologies shares jumped roughly 15% today following blowout second-quarter results powered by a nearly 150% surge in U.S. commercial revenue.
- Building on Monday's record close, Wall Street hovered near record territory as roughly 85% of S&P 500 firms beat expectations this quarter, with aggregate profit growth tracking above 47%.
- Pfizer and Merck shares rose today after reporting strong quarterly figures, while Caterpillar climbed 8% after beating analyst expectations across the board.
- Oil prices dropped sharply today after Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could be reached, with West Texas Intermediate crude falling 3.20% to $77.77 a barrel.
- Investors now await SpaceX's first quarterly results as a public company after the market close, while markets remain focused on whether Bessent's Iran timeline holds and the remaining roughly 15% of S&P 500 earnings.
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America’s largest newspaper chain, USA Today Co., partners with Palantir to analyze audience data as search traffic falls
USA Today Co. has made a deal with software company Palantir to analyze and monetize user behavior, the company announced on Thursday. In its Q2 earnings call Thursday morning, USA Today Co. chairman and CEO Mike Reed told investors he expects the partnership to “strengthen how we collect, connect and activate audience data to drive more effective and faster monetization across our platform.” “Every visit, every session, and every moment of atte…
Palantir, the American company that was driven out of California's Silicon Valley by dissatisfaction with local opinions and that supplies artificial intelligence to the Pentagon, is having its best day on the stock market. The software company's shares jumped 29 percent on Thursday after reporting results that significantly beat analysts' estimates and improved its outlook for the full year.
Palantir is booming. In the UK it paid £2m in tax
Palantir is having a remarkable week. Its shares jumped almost 30% on Tuesday. Chief executive Alex Karp forecast revenue nearly doubling to $8bn this year, and called demand “otherworldly”. In the same week, a report found it pays almost nothing in tax outside the United States. The numbers are sharpest in Britain, Palantir’s biggest market […] This story continues at The Next Web
PALANTIR SURGES: U.S. Commercial Sales Jump 149% As CEO Alex Karp Calls Growth “Otherworldly,” Company Raises Full-Year Revenue Outlook
Palantir CEO Alex Karp described the company’s second-quarter U.S. commercial sales as “staggering” and “otherworldly” after they surged 149%. The company also raised its full-year revenue outlook.
Defense tech company Palantir achieved revenue of $1.94 billion in the second quarter of 2026, a 93 percent increase compared to the same period a year earlier. The strong growth is primarily due to sustained demand from governments and the business sector. Although Palantir receives significant criticism for its close ties with the US and Israeli governments and the deployment of its AI technology for military purposes, CEO Alex Karp calls the …
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