{
  "id": 128993,
  "title": "better-than-expected quarterly results",
  "url": "https://urgent.news/2026/08/04/better-than-expected-quarterly-results",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-04T12:53:58.000Z",
  "source": {
    "name": "CNBC",
    "slug": "cnbc-2",
    "url": "https://www.cnbc.com/2026/08/03/palantir-pltr-earnings-q2-2026.html?__source=newsletter%7Cmorningsquawk"
  },
  "original_language": "en",
  "account": "Palantir outperformed earnings expectations in the second quarter, reporting a significant increase in commercial revenue and net income. The company's revenue surged by 93% from approximately $1 billion a year ago, while net income soared to $1.07 billion, or 41 cents per share, compared to $329 million, or 13 cents per share a year prior. Palantir's CEO, Alex Karp, emphasized that this growth is unparalleled at their scale, stating, \"forget consensus,\" as no business of their size has experienced such rapid expansion.\n\nThe company's government revenue grew by 90% from a year ago to $809 million, signifying the continued strong performance in its core business. Notably, commercial revenue more than doubled, rising 149% to $764 million, and has increased by 380% since 2024 when factoring in compounding. Palantir anticipates U.S. commercial revenue to exceed $3.42 billion by 2026, surpassing earlier guidance of $3.22 billion.\n\nThe company's remaining U.S. commercial deal value has more than doubled from a year ago to $6.24 billion. Despite Palantir's shares experiencing a 29% decline this year due to concerns about the potential slowdown in the AI software sector, its management remains optimistic about the company's future. Karp predicts that the company's growth will continue for at least another 18 months.\n\nKarp has been a vocal advocate for open-weight models in AI and has urged the government not to restrict these models, emphasizing the importance of competition in maintaining honesty in enterprise software. He believes that America's success lies in competition, and that Palantir's open models must catch up to their Chinese counterparts in terms of quality.",
  "summary": null,
  "key_points": [
    "Palantir exceeded earnings expectations with 93% revenue increase and $1.07 billion net income.",
    "Government revenue rose 90% to $809 million, highlighting strong performance in core business."
  ],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/128993.png",
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CNBC",
        "title": "better-than-expected quarterly results",
        "url": "https://urgent.news/2026/08/05/better-than-expected-quarterly-results",
        "published": "2026-08-05T12:27:45.000Z"
      }
    ]
  },
  "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."
}