Palantir Boosts Its Outlook as Quarterly Revenue Hits Record $1B on AI Demand

Palantir (PLTR) posted second-quarter earnings that topped analysts’ expectations and raised its outlook on strong demand for its Artificial Intelligence Platform.

The AI software company reported adjusted earnings of 16 cents on revenue that jumped 48% year-over-year to a record $1 billion, above Wall Street estimates. 

CEO Alex Karp called it a “phenomenal quarter” that underlined “the astonishing impact of AI leverage.”

The CEO said Palantir’s commercial business nearly doubled from a year ago, while its U.S. business grew 68%.

Looking ahead, Palantir said it sees third-quarter sales of $1.08 billion to $1.09 billion, and full-year revenue of $4.14 billion to $4.15 billion, up from $3.89 to $3.9 billion previously. Both ranges were well above analysts’ estimates compiled by Visible Alpha.

Palantir stock climbed about 4% in after-hours trading. The shares have more than doubled in value in 2025 through Monday’s close, and were up more than 500% over the past 12 months.