Palantir Beats Revenue, EPS Estimates-CEO Alex Karp Cites 'Astonishing Impact' Of AI Leverage

Palantir beat analyst estimates for both revenue and earnings in the second quarter, reporting $1.004 billion in revenue and adjusted earnings per share of 16 cents. This marks the company’s eighth straight quarter of top- and bottom-line beats, according to data from Benzinga Pro. U.S. revenue grew 68% year-over-year, with U.S. commercial revenue up 93% and government revenue up 53%. Palantir closed 157 deals worth over $1 million, generated $539 million in cash from operations, and ended the quarter with $6 billion in cash and equivalents. CEO Alex Karp said the company is seeing the “astonishing impact” of AI leverage. The company raised guidance for the third quarter and full-year 2025, now expecting up to $4.15 billion in full-year revenue. Shares rose 3.77% in after-hours trading.