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Palantir Technologies (PLTR) reported second quarter earnings and revenue that topped consensus estimates amid high expectations. Strong revenue growth in the software maker's U.S. government business boosted financial results for Palantir stock.
Reported after the market close, Palantir earnings for the June quarter were 16 cents on an adjusted basis, up 78% from a year earlier. Revenue climbed 48% to just over $1 billion, the maker of data analytics software said.
Wall Street analysts had predicted earnings of 14 cents a share on revenue of $938 million for Palantir stock.
In addition, Palantir said U.S. government revenue in Q2 rose 53% to $426 million. Analysts had projected U.S. government revenue of $392.7 million.
In addition, Palantir said U.S. commercial revenue jumped 93% to $306 million, topping estimates of $266 million.
For the September quarter, Palantir forecast revenue of $1.085 billion at the mid-point of guidance, topping estimates of $982 million.
For full-year 2025, Palantir raised its revenue outlook to a range $4.14 billion to $4.15 billion versus estimates of $3.89 billion.
CEO Karp Touts Generative AI
In a letter to shareholders, Chief Executive Officer Alex Karp pointed to the rise of generative artificial intelligence.
"The growth rate of our business has accelerated radically, after years of investment on our part and derision by some," he said. "The skeptics are admittedly fewer now, having been defanged and bent into a kind of submission. Yet we see no reason to pause, to relent, here.
It has been a steep and upward climb—an ascent that is a reflection of the remarkable confluence of the arrival of language models, the chips necessary to power them, and our software infrastructure, one that allows organizations to tether the power of artificial intelligence to objects and relationships in the real world."
On the stock market today, Palantir stock rose over 3% to 166.78 in extended trading. In Monday's regular session, shares rose 4.1%. Heading into the Palantir earnings report, shares had surged 111% in 2025.
Palantir Stock Hits New High
In intraday trading on Monday, Palantir stock hit a new all-time high of 161.40. Palantir is the top performer on the S&P 500 in 2025, after leading the benchmark index last year.
But the lofty valuation of Palantir stock remains a key investor issue, Wall Street analysts say. Palantir holds the highest price-to-earnings ratio on the S&P 500 and trades at roughly 80 times per-share sales expected for the next year.
Meanwhile, Palantir's data analytics software has been utilized by government customers for intelligence gathering, counterterrorism and military purposes. It's now targeting generative artificial intelligence applications in health care, energy and manufacturing. Palantir is among artificial intelligence stocks to watch.
Palantir Stock Technical Ratings
Also, Palantir stock holds a Composite Rating of 99 out of a best-possible 99, according to IBD Stock Checkup. IBD's Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.
PLTR stock owns an Accumulation/Distribution Rating of B. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading. A+ signifies heavy institutional buying; E means heavy selling. Think of a C grade as neutral.
Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
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