Palantir jumps 12 percent after second quarter results as US commercial revenue rises 149 percent

Palantir released its second quarter results on Monday 3 August 2026 and the stock rose 12 percent after the numbers were published. Revenue for the period was 1.94 billion dollars against analyst estimates of 1.80 billion dollars, a 93 percent increase from about 1 billion dollars in the same period a year earlier. Adjusted earnings per share came in at 41 cents against expectations of 35 cents, and net income rose from about 329 million dollars to 1.07 billion dollars.

US commercial revenue grew 149 percent to 764 million dollars, while US government revenue grew 90 percent to 809 million dollars. Remaining US commercial deal value reached 6.24 billion dollars, more than double the level of a year earlier. The company raised its full year 2026 revenue guidance to between 8.15 and 8.16 billion dollars from a previous range of 7.65 to 7.66 billion dollars. Despite Monday's jump, Palantir shares are down about 29 percent since the start of 2026.