Palantir’s stock jumped in premarket trading on Tuesday following the announcement of record second-quarter earnings, fueled by high customer demand for AI sovereign tools.
Q2 2026 Highlights
- U.S. revenue grew 115% year-over-year and 23% quarter-over-quarter to $1.573 billion
- U.S. commercial revenue grew 149% year-over-year and 28% quarter-over-quarter to $764 million
- U.S. government revenue grew 90% year-over-year and 18% quarter-over-quarter to $809 million
- Revenue grew 93% year-over-year and 19% quarter-over-quarter to $1.935 billion
Going forward, the company anticipates full-year revenue ranging from $8.15 billion to $8.158 billion, with commercial revenue exceeding $3.424 billion.
Palantir’s Co-founder and CEO Alex Karp told investors, “Demand for AI sovereignty has now been unleashed. And Palantir is the only company that has demonstrated it can transform tokens into actual economic value. Our customers trust us to provide them with maximal control over their operations, data, and decisions. Their competitive advantage should never become the training data for future models. This quarter was otherworldly: our U.S. commercial revenue grew 149% year-over-year, our overall revenue grew 93% year-over-year, and our Rule of 40 score climbed to 155%. The sovereign AI revolution makes us very optimistic about the future.”
Palantir’s stock increased by 16.3% in premarket trading following the announcement.
By CEO NA Editorial Staff
