Palantir surpassed Wall Street expectations in the second quarter with revenue of $1.94 billion, up 93% year-over-year, versus the $1.801 billion analysts had forecast. Net income reached approximately $1.1 billion, or 41 cents per share, beating the average analyst estimate of 35 cents. Growth was driven by the U.S. market, where commercial revenue surged 149% and government revenue climbed 90%. Palantir also raised its full-year 2026 guidance, now expecting annual revenue between $8.150 billion and $8.158 billion.
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