Is Palantir (PLTR) Stock Still Worth Buying After a 40% Weekly Surge?

TLDR

• Palantir Q2 revenue jumped 93% year over year to $1.94 billion, beating the $1.81 billion estimate
• EPS came in at $0.41, topping the $0.34 consensus by $0.07
• U.S. commercial revenue surged 149% to $764 million; U.S. government revenue rose 90% to $809 million
• Full-year revenue guidance raised to $8.2 billion, with adjusted operating income forecast of $4.9 billion
• PLTR stock rose nearly 40% last week, opening Monday at $172.01 with a market cap of $412 billion

Palantir Technologies (PLTR) had a week to remember. The stock jumped nearly 40% after the company posted second-quarter results that left Wall Street scrambling to update its models.

Palantir Technologies Inc., PLTR

Q2 revenue came in at $1.94 billion, up 92.8% year over year and well ahead of the $1.81 billion analyst consensus. EPS of $0.41 beat estimates of $0.34.

CEO Alex Karp called it an “otherworldly” performance. He wasn’t understating it.

U.S. government revenue jumped 90% to $809 million. U.S. commercial revenue surged 149% to $764 million. Adjusted operating income rose 62% to $1.2 billion.

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