Overview

• Palantir topped $1 billion in quarterly revenue with 48% year-over-year growth, driven by AIP as U.S. commercial revenue rose 93%, U.S. commercial TCV hit $843 million, and the U.S. commercial customer count reached 485.
• Salesforce CEO Marc Benioff called Palantir inspiring but said its software is the most expensive he has seen, highlighting a recent government deal win for Salesforce as Palantir CEO Alex Karp defended value-based pricing.
• The stock has surged more than 2,000% in recent years, prompting warnings that gains are fueled by multiple expansion as Palantir trades at unusually high valuation ratios.
• William Blair reiterated a Market Perform rating and projected about 103% commercial growth for the September quarter, citing robust demand and ongoing contract momentum.
• KraneShares strategist Derek Yan said Palantir could become the operating system for enterprise AI, pointing to accelerating adoption and improving AI economics as potential tailwinds.