Overview
- Palantir reported second‑quarter results that beat expectations with about $1.94 billion in revenue, roughly 93% year‑over‑year growth, and adjusted EPS of $0.41, a performance first disclosed in its early August earnings release and investor call.
- Management raised full‑year 2026 guidance to roughly $8.15–8.158 billion in revenue and boosted profitability and free‑cash‑flow targets after reporting $1.22 billion in adjusted free cash flow for the quarter.
- U.S. commercial sales drove the surge, with commercial revenue up about 149% to $764 million and a record U.S. commercial total contract value and remaining deal value that create multi‑quarter revenue visibility.
- Margins and cash metrics improved sharply, producing strong GAAP and adjusted operating profit, a Rule of 40 score well above 40, and a large cash balance that management says underpins continued investment in its AIP platform.
- The stock jumped roughly 27–29% on the results and guidance and analysts split between aggressive price‑target upgrades and warnings about a high valuation, heavy U.S. revenue concentration, and the need to sustain this growth pace.