Palantir tops $1 billion in revenue for the first time, boosts guidance

Palantir surpassed $1 billion in quarterly revenue for the first time, beating Wall Street expectations and raising its full-year forecast.

Revenue rose 48% year-over-year, with U.S. revenue up 68% and commercial U.S. revenue nearly doubling.

Net income jumped 144% to $326.7 million.

Palantir also secured a $10 billion U.S. Army contract and closed numerous large deals.

Shares have more than doubled this year, pushing its market value past $379 billion and into the top 10 U.S. tech companies, CNBC has reported.

CEO Alex Karp emphasized plans for high growth with fewer employees, though no layoffs were confirmed.

read more: https://www.cnbc.com/2025/08/04/palantir-pltr-q2-earnings-2025.html

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