Overview

• Palantir posted second-quarter revenue of $1.01 billion, up 48 percent year-over-year, and raised its full-year forecast to $4.15 billion, exceeding analysts’ prior $3.91 billion outlook.
• U.S. commercial revenue jumped 93 percent to $306 million, outpacing 53 percent growth in government sales at $426 million.
• The company secured a 10-year contract with the U.S. Army worth up to $10 billion, reinforcing its defense ties.
• Shares hit record highs and have climbed more than 127 percent year-to-date despite trading at over 120 times price-to-sales.
• Civil liberties groups have renewed criticism of Palantir’s surveillance-enabled contracts as privacy advocates challenge its ethical practices.