Palantir Technologies lifted its annual guidance Thursday following second-quarter results that topped Wall Street estimates as record contract wins and strong U.S. commercial business expansion boosted performance.
Palantir Technologies Inc (NASDAQ:PLTR) rose more than 3% in recent aftermarket trading following the report.
For the three months ended June. 30, the artificial intelligence-focused data firm reported adjusted earnings of $0.16 on revenue of $1.00B, topping analysts estimates for adjusted EPS of $0.14 on revenue of $937.5M.
Total contract value hit a record, up 140% year-over-year to $2.27B.
The company’s U.S. commercial segment surged 93% year-over-year to $306 million, while U.S. government revenue rose 53% to $426 million. Total U.S. revenue grew 68% to $733 million.
The climb in revenue was led by new contract wins, with commercial revenue, a key segment, up 93% to $306M and government revenue rising 53% to $426M
CEO Alex Karp attributed the strong performance to the “astonishing impact of AI leverage,” highlighting Palantir’s Rule of 40 score of 94% and accelerating commercial momentum.
For Q3, revenue was guided in a range of $1.083B to $1.087B, topping analyst forecasts for revenue of $642.9 million.
Looking ahead, the company raised its guidance for full-year 2025 revenue to a range o $4.14B to $4.15B, with U.S. commercial revenue guidance now expected in excess of $1.302 billion, representing a growth rate of at least 85%.
The company also lifted its adjusted free cash flow guidance to between $1.8B and $2B and adjusted income from operations guidance to between $1.912B and $1.920B.
source https://www.investing.com/news/earnings/palantir-technologies-lifts-guidance-after-q2-results-beat-wall-street-estimates-4168774
