Palantir Technologies (NASDAQ:PLTR) lifted its full-year guidance after reporting second-quarter earnings and revenue that surpassed expectations, supported by record contract growth and strong U.S. commercial momentum.
The company posted adjusted earnings of $0.16 per share on revenue of $1.00 billion for the quarter ended June 30, beating analyst estimates of $0.14 and $937.5 million, respectively. Shares rose over 3% in after-hours trading.
Total contract value jumped 140% year-over-year to a record $2.27 billion. Revenue from the U.S. commercial segment surged 93% to $306 million, while U.S. government revenue climbed 53% to $426 million. Total U.S. revenue increased 68% to $733 million.
CEO Alex Karp credited the results to AI-driven momentum, emphasizing the company’s Rule of 40 score of 94% and ongoing commercial growth.
For Q3, Palantir guided revenue between $1.083 billion and $1.087 billion, exceeding analyst expectations of $642.9 million.
Full-year 2025 revenue is now projected at $4.14 billion to $4.15 billion, with U.S. commercial revenue expected to surpass $1.302 billion, representing growth of at least 85%. The company also raised its adjusted free cash flow forecast to $1.8–$2.0 billion and adjusted income from operations to $1.912–$1.920 billion.
