Palantir Earnings Surge
Palantir beat expectations, lifted U.S. commercial revenue, and sparked a stock rally.
Palantir CEO Alex Karp says frontier AI labs think they 'deserve to colonize your enterprise'
Palantir CEO Alex Karp celebrates 93% revenue growth as stock soars after blockbuster earnings: ‘For the first time people believe us’ | Fortune
After killer quarter, Palantir CEO Alex Karp calls AI industry 'Marxist' | TechCrunch
Summary
Palantir shares jumped about 12% after the company reported second-quarter revenue of $1.94 billion and adjusted EPS of 41 cents, above LSEG estimates of $1.80 billion and 35 cents. Revenue rose 93% from a year earlier, while U.S. commercial revenue climbed nearly 150% amid demand for its AIP platform. Palantir also raised its forecast for the coming months. CEO Alex Karp criticized frontier AI labs, saying enterprises should not have to hand over data and intellectual property to model makers.
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