PLTR Stock Jumps After Palantir Reports 93% Revenue Growth, Raises 2026 Outlook
TLDR
- Palantir reported Q2 revenue of $1.94B, up 93% year over year and above the $1.80B market estimate.
- PLTR stock gained about 10% after earnings as investors reacted to stronger revenue and higher 2026 guidance.
- U.S. commercial revenue surged 149% to $764M, while U.S. government revenue increased 90% to $809M.
- Palantir raised its 2026 revenue forecast to $8.15B-$8.16B from the previous $7.65B-$7.66B range.
- Palantir posted adjusted EPS of $0.41, beating estimates of $0.35, with net income reaching $1.07B.
Palantir Technologies shares climbed in after-hours trading after the company reported second-quarter earnings that exceeded Wall Street expectations. The software company posted strong growth across its commercial and government businesses while raising its revenue outlook for the rest of 2026. Investors also reacted to higher profit, expanding deal activity, and management’s forecast for continued demand for its artificial intelligence platform.
Source: KnockoutStocks
The latest results arrived as AI software companies continue competing for enterprise spending. Palantir said customers increased adoption of its products during the quarter, while executives maintained that demand remains strong across both private businesses and government agencies.
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