menu_open Columnists
We use cookies to provide some features and experiences in QOSHE

More information  .  Close

Palantir gets boost from blockbuster earnings

3 0
06.08.2025
*{box-sizing:border-box}body{margin:0;padding:0}a[x-apple-data-detectors]{color:inherit!important;text-decoration:inherit!important}#MessageViewBody a{color:inherit;text-decoration:none}p{line-height:inherit}.desktop_hide,.desktop_hide table{mso-hide:all;display:none;max-height:0;overflow:hidden}.image_block img div{display:none}sub,sup{font-size:75%;line-height:0}#converted-body .list_block ol,#converted-body .list_block ul,.body [class~=x_list_block] ol,.body [class~=x_list_block] ul,u .body .list_block ol,u .body .list_block ul{padding-left:20px} @media (max-width:620px){.desktop_hide table.icons-outer{display:inline-table!important}.image_block div.fullWidth{max-width:100%!important}.mobile_hide{display:none}.row-content{width:100%!important}.stack .column{width:100%;display:block}.mobile_hide{min-height:0;max-height:0;max-width:0;overflow:hidden;font-size:0}.desktop_hide,.desktop_hide table{display:table!important;max-height:none!important}.reverse{display:table;width:100%}.reverse .column.first{display:table-footer-group!important}.reverse .column.last{display:table-header-group!important}.row-10 td.column.first .border,.row-6 td.column.first .border,.row-8 td.column.first .border{padding:5px 5px 15px 25px}.row-10 td.column.last .border,.row-12 td.column.last .border,.row-6 td.column.last .border,.row-8 td.column.last .border{padding:5px 20px 25px 5px}.row-12 td.column.first .border{padding:5px 5px 15px 25px;border-bottom:15px solid transparent}} {beacon}

Technology

Technology

 

The Big Story

Palantir gets a boost from blockbuster earnings

Palantir’s share price jumped nearly 8 percent Tuesday after the software analytics firm reported massive revenue growth last quarter.

© AP

The company posted a 48 percent year-over-year increase in revenue for the three-month period between April and June, crossing $1 billion for the first time.

“As usual, I’ve been cautioned to be a little modest about our bombastic numbers, but honestly there’s no authentic way to be anything but have enormous pride and gratefulness about these extraordinary numbers,” Palantir CEO Alex Karp said on a Monday evening earnings call.

U.S. commercial revenue nearly doubled, rising 93 percent to $306 million, while U.S. government revenue ticked up a strong 53 percent to $426 million. In the U.S. overall, the company saw 68 percent year-over-year growth.

“This is a perfect time for a revolution in the United States of America,” Karp added. “We are very, very bullish on America. We have some really crucial and important clients internationally … but this is an American revolution.”

Palantir expects another $1 billion in revenue next quarter for an anticipated $4.1 billion in revenue for the full year.

The strong earnings call marks the latest in a series of wins for the company, which recently scored a contract with the U.S. Army worth $10 billion over the next decade.

Check out the full report at TheHill.com.

 

Welcome to The Hill’s Technology newsletter, I'm Julia Shapero — tracking the latest moves from Capitol Hill to Silicon Valley.

 

Did someone forward you this newsletter? Subscribe here.

 

Essential Reads

How policy will be impacting the tech sector now and in the future:

 

Duffy confirms fast-track plan to build nuclear reactor on the moon

Transportation Secretary and interim NASA Administrator Sean Duffy outlined the space agency’s fast-track plan to build a nuclear reactor on the moon on Tuesday. “We’re in a race to the moon, in a race with China to the........

© The Hill