Palantir rockets after-hours as US commercial business booms
TL;DR Summary
Palantir jumped after-hours after Q2 results beat estimates: revenue $1.94B vs $1.8B expected and adjusted EPS $0.41 vs $0.35, prompting a full-year revenue guide of $8.16B. The company posted a 149% YoY surge in US commercial revenue and a 90% YoY rise in government revenue, as its Maven AI system secures Pentagon programs. Despite the rally, PLTR remains down year-to-date, with a bullish analyst outlook.
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- Palantir raises annual revenue forecast on strong demand from US government, commercial customers Reuters
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