{"id":4851,"date":"2026-08-04T04:14:19","date_gmt":"2026-08-04T04:14:19","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=4851"},"modified":"2026-08-04T04:14:19","modified_gmt":"2026-08-04T04:14:19","slug":"palantir-ceo-alex-karp-celebrates-93-revenue-growth-as-stock-soars-after-blockbuster-earnings-for-the-first-time-people-believe-us","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=4851","title":{"rendered":"Palantir CEO Alex Karp celebrates 93% revenue growth as stock soars after blockbuster earnings: \u2018For the first time people believe us\u2019"},"content":{"rendered":"
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\u201cObviously, we are loving these results and loving what they mean for our customers and, broadly speaking, the West,\u201d Karp said.<\/p>\n

Read more Exclusive: Former OpenAI exec Fidji Simo discusses her battle with POTS and her startup\u2019s plans to cure it with AI and 3,500 vials of blood (so far)<\/a><\/p>\n

In the quarter ended June 30, Palantir delivered one of its strongest quarters yet. Revenue surged 93% year over year to $1.94 billion, easily topping analysts\u2019 expectations of $1.801 billion. The company reported net income of roughly $1.1 billion, or 41 cents per share, ahead of Wall Street\u2019s estimate of 35 cents.<\/p>\n

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This time, investors also responded positively to the company\u2019s results.<\/p>\n

Palantir shares, which had fallen roughly 30% this year after a blistering rally in 2025, surged more than 14% in after-hours trading Monday following the results. The reaction marked a sharp reversal from May, when the company also posted a blowout quarter\u2014including 85% revenue growth and beats on both revenue and earnings\u2014but the stock nevertheless fell about 7% as investors questioned whether expectations had become too lofty.<\/p>\n

\u201cWe are fully aligned with what\u2019s right and what\u2019s good, and what actually works well in the enterprise. And for the first time people believe us,\u201d Karp said on Monday\u2019s call. \u201cAnd if you didn\u2019t believe us, you can believe 149% growth in the U.S.,\u201d he said, referring to the company\u2019s U.S. commercial revenue growth in the second quarter.<\/p>\n

Behind Palantir\u2019s blockbuster quarter: bigger AI deals and booming U.S. demand<\/h2>\n

Palantir closed 220 deals of at least $1 million in value in the second quarter, with 98 of the deals of at least $5 million, and 73 deals of at least $10 million. The AI and defense software firm also celebrated continued growth in the U.S. in particular, where commercial revenue jumped 149% from a year earlier and government revenue climbed 90%.<\/p>\n

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Palantir\u2019s updated guidance suggests the AI boom is still accelerating. The company forecast third-quarter revenue of $2.160 billion to $2.164 billion, above the $2 billion expected by analysts.\u00a0Palantir also forecast Q3 adjusted income from operations of $1.292 billion to $1.296 billion. It raised its full-year 2026 revenue guidance to between $8.150 billion and $8.158 billion, up from its previous outlook of $7.182 billion to $7.198 billion, while increasing its forecast for U.S. commercial revenue growth to at least 134%.<\/p>\n

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Shares of Palantir have been under pressure for the past year amid worries that businesses might replace services like Palantir with off-the-shelf \u201cfrontier\u201d AI models from companies like OpenAI and Anthropic. Palantir has gone on the offensive to combat the narrative, arguing that the AI models from Silicon Valley companies don\u2019t perform as well and steal customers\u2019 private data (an argument that the other companies dispute).<\/p>\n

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\u201cOur customers are making the decision to go deep with us with greater urgency and conviction than I\u2019ve ever seen before\u2014choosing AI sovereignty over dependency and compounding their alpha in a way that their competitors and adversaries will forever envy,\u201d Ryan Taylor, Palantir\u2019s chief revenue officer and chief legal officer, said on Monday\u2019s call.<\/p>\n

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Palantir has also been outspoken about its work for the U.S. military and for its technology\u2019s use in anti-terrorism and border control, policies that have made the company a target of frequent protests.<\/p>\n

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For Karp, the quarter\u2019s success reinforced what he believes has long distinguished Palantir from its rivals: a culture willing to bet on unconventional ideas before the market catches up.<\/p>\n

\u201cWe are a colony of believers and artists that are very motivated to drive value, and that sets aside much more than I would have imagined 10 years ago,\u201d Karp said.<\/p>\n

Read more \u2018Japan\u2019s been very good to us, with the exception, of course, of Pearl Harbor\u2019: Trump awkwardly comes to the Yen\u2019s rescue<\/a><\/p>\n

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Palantir\u2019s AI software business delivered a blockbuster quarter, with revenue soaring 94% and shares jumping 13% after hours.<\/p>\n","protected":false},"author":1,"featured_media":4850,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[493],"tags":[],"class_list":["post-4851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-palantir"],"yoast_head":"\nPalantir CEO Alex Karp celebrates 93% revenue growth as stock soars after blockbuster earnings: \u2018For the first time people believe us\u2019 - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=4851\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Palantir CEO Alex Karp celebrates 93% revenue growth as stock soars after blockbuster earnings: \u2018For the first time people believe us\u2019 - 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