Palantir shares jump 12% as revenue nearly doubles and guidance climbs again
Palantir's stock jumps 12% on revenue nearly doubling—but the real story is three quarters of consecutive guidance hikes. The market is pricing in sustained AI-driven demand.
Why it matters
Palantir's earnings beat and repeated upward revisions signal that enterprise AI adoption—particularly in government and defense—is accelerating faster than Wall Street modeled. This matters to practitioners evaluating AI infrastructure spending and to investors tracking whether the AI capex wave is translating to top-line growth at scale.
The key facts
9 to knowStock surged 12% in late trading on earnings
Q2 FY2026 adjusted EPS: 41 cents (up from 16 cents YoY)
Revenue nearly doubled YoY
Third consecutive quarter of raised full-year guidance
Quarter ended June 30, 2026
Stock surge: 12% in late trading
Q2 FY2026 adjusted EPS: 41 cents (up from 16 cents prior year)
Revenue nearly doubled year-over-year
Full-year guidance raised for third consecutive quarter
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Publisher excerpt: Shares in Palantir Technologies Inc. surged more than 12% in late trading today after the big data analytics company crushed second-quarter expectations and raised its full-year guidance for the third consecutive quarter. For its fiscal 2026 second quarter that ended on June 30, Palantir reported…