{
  "id": 101008,
  "title": "Palantir soars 12% on blowout quarter, with U.S. commercial revenue soaring nearly 150%",
  "url": "https://urgent.news/2026/08/03/palantir-soars-12-on-blowout-quarter-with-u-s-commercial-revenue",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-03T20:53:16.000Z",
  "source": {
    "name": "CNBC",
    "slug": "cnbc",
    "url": "https://www.cnbc.com/2026/08/03/palantir-pltr-earnings-q2-2026.html"
  },
  "original_language": "en",
  "account": "Palantir reported a 93% increase in revenue, reaching $1.07 billion, which significantly exceeded estimates from LSEG analysts. The company's net income also surged to $1.07 billion, or 41 cents per share, from $329 million, or 13 cents per share, a year earlier. CEO Alex Karp expressed disbelief at Palantir's growth, stating that no business at their scale had grown even half this much. Government revenue from Palantir's services in the United States increased by 90% to $809 million, while commercial revenue surged nearly 150% to $764 million. When accounting for compounding, Palantir's commercial revenue has jumped 380% since 2024, leading to revised guidance of over $3.42 billion for 2026, up from prior estimates of $3.22 billion. The company's remaining value in U.S. commercial deals more than doubled, reaching $6.24 billion. Despite a 29% decline in Palantir's stock price this year due to concerns about the slowing growth of AI software, Karp remains confident that the company's growth will continue for at least another 18 months. He has been a vocal advocate for open-weight models and opposing restrictions on such technologies, emphasizing the importance of competition in the industry.",
  "summary": "Palantir's second-quarter earnings beat expectations, and the AI software company lifted revenue guidance.",
  "key_points": [],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/101008.png",
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "CNBC World",
        "title": "Palantir soars 12% on blowout quarter, with U.S. commercial revenue soaring nearly 150%",
        "url": "https://urgent.news/2026/08/03/palantir-soars-12-on-blowout-quarter-with-u-s-commercial-revenue-101484",
        "published": "2026-08-03T21:34:43.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Palantir reports 93% revenue surge in ‘otherworldly’ second quarter",
        "url": "https://urgent.news/2026/08/04/palantir-reports-93-revenue-surge-in-otherworldly-second-quarter",
        "published": "2026-08-04T03:29:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}