Palantir beats Q2 earnings and revenue expectations, boosts guidance

Palantir jumped after the best performer in the S&P 500 once again exceeded Wall Street’s expectations with Q2 earnings results.

The Denver-based defense, data, and AI software company also raised its annual guidance. Shares were up 4.3% in recent after-hours trading.

Here are some of the highlights:

• Adjusted earnings per share of $0.16 vs. Wall Street expectations for $0.14.

• Sales of $1.004 billion vs. an expected $939 million, per FactSet data.

• Palantir now sees full-year 2025 revenue in a range of $4.142 billion to $4.150 billion, vs. its previous guidance of $3.890 billion to $3.902 billion.

• That annual revenue forecast projects growth of nearly 45% vs. Wall Street expectations for 36% year-on-year sales growth.

• Palantir forecast Q3 sales growth of roughly 49.5%, vs. the 35% rate analysts had been predicting before the earnings announcement.

• Q2 sales at Palantir’s US government division rose 53% to $426 million, vs. Q1 growth of 45% year over year to $373 million. 

• Sales at Palantir’s US commercial unit were up 93% year over year to $306 million, vs. Q1 growth of 71% to $255 million.

Through the end of last week, Palantir — a wildly popular position among retail traders — had been the top-performing stock in the S&P 500, rising more than 100%.

Over just the last 12 months, the stock’s rise of more than 500% created more than $300 billion in wealth for shareholders and catapulted Palantir into the top ranks of Corporate America.