- Palantir reported Q2 adjusted EPS of $0.41 on $1.94 billion of revenue, exceeding LSEG estimates of $0.35 and $1.80 billion, respectively.
- Revenue rose 93% year over year, while U.S. commercial revenue increased 149% to $764 million and U.S. government revenue grew 90% to $809 million.
- Palantir raised FY26 revenue guidance to $8.15 billion-$8.16 billion from $7.65 billion-$7.66 billion and lifted its U.S. commercial revenue outlook to more than $3.42 billion.
- PLTR rose 12% after the earnings release; options had implied a 9.3% post-earnings move before results.
Quotes
“Forget consensus”
“To my knowledge, no businesses at our scale has even grown half this much.”
“looks like this is going to go on for at least another 18 months.”