Palantir beat second-quarter expectations with revenue of $1.94 billion, up 93% year-over-year, and net income of $1.07 billion. The stock surged 8% after results were released. U.S. commercial revenue reached $764 million, a 149% year-over-year increase, while government revenue grew 90% to $809 million. The company raised its full-year revenue guidance to between $8.15 billion and $8.16 billion and now forecasts U.S. commercial revenue in excess of $3.42 billion for 2026.
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