Overview
- The company reported roughly $1.94 billion in Q2 revenue, a 93% year‑over‑year gain, and about $1.22 billion in adjusted free cash flow.
- Palantir raised full‑year 2026 revenue guidance to about $8.15–8.158 billion and boosted adjusted operating income and free‑cash‑flow targets.
- Executives credited rapid U.S. commercial adoption of AIP and the firm's positioning as a 'sovereign AI' provider for the surge in demand.
- Deal activity was unusually strong with 220 contracts of $1 million or more, a U.S. commercial total contract value near $2.1 billion, and remaining deal value around $6.2 billion.
- Investors sent the stock up about 27–30% after the report, prompting several analyst upgrades but leaving others wary of the high valuation and U.S. revenue concentration.