Palantir has reported a surge in revenue, reaching $1 billion for the quarter, driven by strong demand for its artificial intelligence platform. The data intelligence firm saw sales increase by nearly 50%. CEO Alex Karp highlighted the 'astonishing impact of AI leverage', with the company's commercial business nearly doubling and its U.S. operations growing significantly.
The company's AI platforms, Gotham and Foundry, are key drivers, with Foundry becoming essential in healthcare, energy, and manufacturing. Palantir's Gotham platform is used by the U.S. military for predictive analytics, optimising resource allocation and reducing operational risks. Palantir is increasing its revenue visibility through bundled contracts, potentially exceeding $2.05 billion by Q2.
Palantir has raised its outlook, projecting third-quarter sales of $1.08 billion to $1.09 billion and full-year revenue of $4.14 billion to $4.15 billion. This is up from previous estimates of $3.89 billion to $3.9 billion. Palantir's stock has more than doubled in value in 2025 and is up over 500% from last year.
