Palantir $PLTR jumps 16% as U.S. commercial revenue rises 149%
Original: Palantir jumps 16% on 'otherworldly' commercial revenue — here's what's driving the demand View original →
16.3% was the market reaction for Palantir Technologies $PLTR after second-quarter revenue reached $1.94B, up 93% year over year and above the roughly $1.8B LSEG estimate cited by CNBC. The company’s SEC-filed earnings release framed the quarter around 149% growth in U.S. commercial revenue and an 82% full-year revenue growth guide.
The segment mix matters because U.S. commercial revenue reached $764M, while government revenue rose 90% to $809M. Total company revenue nearly doubled from about $1.0B a year earlier, and CNBC reported Palantir guided full-year revenue to $8.15B-$8.158B. For a software company already trading on enterprise AI expectations, the beat shifted the debate from whether AI demand exists to whether the current growth rate can survive tougher comparisons.
The stock reaction also reflects the size of the surprise. MarketWatch and CNBC both reported a double-digit move after the release, while sell-side commentary focused on data control and “AI sovereignty” as the source of demand. Those claims are still management’s framing, but the reported numbers are concrete: 93% total revenue growth, 149% U.S. commercial growth, and guidance above the prior run-rate.
The next check is the company’s Q3 guide and whether large commercial customers keep converting pilots into production contracts. Investors will also watch whether gross margins and cash generation keep pace with the revenue acceleration once the stock reprices the Q2 surprise.
Not investment advice. Verify all figures with primary sources before acting.
Related Articles
Microsoft reported Q4 revenue of $90.0B, up 18%, and Azure revenue growth of 43%. The stock moved about 8%-9% higher after hours as cloud revenue and remaining performance obligation beat the AI spending concern.
Meta reported Q2 revenue of $60.80B, up 28%, but free cash flow fell to $784M as capital expenditures reached $31.08B. The stock dropped nearly 9% as 2026 capex guidance stayed at $130B-$145B.
Eaton $ETN closed 7.3% higher on July 31 after Q2 adjusted EPS reached $3.15 and sales rose 21% to $8.5B. The company also raised full-year adjusted EPS guidance to $13.40-$13.60, while Electrical Americas orders rose 41% on a 12-month rolling basis.