‘This quarter was otherworldly’: Palantir earnings surge past expectations
Photograph: John Lamparski/Getty ImagesView image in fullscreenAlex Karp, Palantir’s chief executive. Although Palantir was not immune to the AI jitters that caused industry-wide drops in share prices earlier this year, the AI and analytics company reported that its overall revenue grew 93% year over year to $1.94bn. That’s well over the $1.8bn Wall Street expected Palantir to bring in for the second quarter.The glowing financials sparked a 10% surge in share prices in the immediate aftermath.
- ▪Photograph: John Lamparski/Getty ImagesView image in fullscreenAlex Karp, Palantir’s chief executive.
- ▪Although Palantir was not immune to the AI jitters that caused industry-wide drops in share prices earlier this year, the AI and analytics company reported that its overall revenue grew 93% year over year to $1.94bn.
- ▪That’s well over the $1.8bn Wall Street expected Palantir to bring in for the second quarter.The glowing financials sparked a 10% surge in share prices in the immediate aftermath.
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| Canonical URL | https://www.theguardian.com/us-news/2026/aug/03/palantir-second-quarter-earnings |
| Publication time | Mon, 03 Aug 2026 23:09:20 GMT |
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Alex Karp, Palantir’s chief executive. Photograph: John Lamparski/Getty ImagesView image in fullscreenAlex Karp, Palantir’s chief executive. Photograph: John Lamparski/Getty ImagesUS news‘This quarter was otherworldly’: Palantir earnings surge past expectationsShares soar as yearly revenue up 93%, even as opposition grows to company’s role in Trump immigration agendaJohana BhuiyanMon 3 Aug 2026 19.09 EDTLast modified on Mon 3 Aug 2026 19.10 EDTSharePrefer the Guardian on GoogleIn a sea of companies reporting mixed financial results this quarter, Palantir stands out. Although Palantir was not immune to the AI jitters that caused industry-wide drops in share prices earlier this year, the AI and analytics company reported that its overall revenue grew 93% year over year to $1.94bn.
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