tech
Palantir soars 12% on blowout quarter, with U.S. commercial revenue soaring nearly 150%
Palantir's second-quarter earnings beat expectations, and the AI software company lifted revenue guidance.
TL;DR
- Palantir's Q2 earnings surpassed analyst estimates.
- Commercial revenue more than doubled year-over-year.
- U.S. commercial revenue increased by 149% compared to the previous year.
- Full-year revenue guidance was raised significantly.
- CEO Alex Karp anticipates sustained growth for at least 18 months.
- The company is a proponent of open-weight AI models and competition.