Palantir soars after blowout Q2, lifts full-year guidance

Palantir beat Q2 estimates with revenue of $1.94B and adjusted EPS of $0.41, prompting a roughly 16% premarket jump as it raised 2026 revenue guidance to $8.16B. US commercial revenue surged 149% YoY and total revenue rose 93% YoY; government revenue increased 90% YoY. The company closed 220 deals worth $1M+ (98 at $5M+, 73 at $10M+), and adjusted free cash flow reached $1.22B. Palantir also noted Maven’s Pentagon program of record and argued its platform delivers measurable ROI amid the AI shift.