Palantir reports Q2 revenue up 93% YoY to $1.94B, vs. $1.8B est., US commercial revenue up 149%, and raises FY 2026 revenue guidance; PLTR jumps 9%+ after hours (Samantha Subin/CNBC)

Palantir's revenue jumped 93% year-over-year to $1.94 billion, surpassing estimates of $1.8 billion. The company's US commercial revenue surged 149% to $764 million. According to CNBC, Palantir's US government revenue grew 90% to $809 million.

The company's stock rose 9-12% after hours, following the release of its earnings report. Palantir's net income was $1.07 billion, or 41 cents per share, compared to $329 million, or 13 cents per share, in the same quarter last year. CEO Alex Karp stated that "to my knowledge, no businesses at our scale has even grown half this much."

Palantir raised its 2026 revenue guidance, expecting US commercial revenue to exceed $3.42 billion, up from its previous guidance of $3.22 billion. The company's remaining US commercial deal value more than doubled to $6.24 billion. Palantir shares have lost 29% this year amid concerns about the artificial intelligence software trade.

Brief written by urgent.news from Techmeme, CNBC Technology, CNBC World, CNBC — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.