Palantir reported exceptional quarterly results with revenue hitting $1.94 billion, a 93% year-over-year increase. Shares surged nearly 30% on August 4, marking the stock’s best single-day performance since February 2024. US commercial revenue particularly stood out, jumping 149% to $764 million. The company closed 220 deals worth $1 million or more during the quarter. Management raised its full-year 2026 revenue guidance to between $8.15 billion and $8.16 billion, implying roughly 82% growth for the year.
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