{"id":6001,"date":"2026-08-04T00:00:18","date_gmt":"2026-08-04T00:00:18","guid":{"rendered":"https:\/\/usglobalnews.com\/2026\/08\/04\/this-quarter-was-otherworldly-palantir-earnings-surge-past-expectations\/"},"modified":"2026-08-04T00:00:18","modified_gmt":"2026-08-04T00:00:18","slug":"this-quarter-was-otherworldly-palantir-earnings-surge-past-expectations","status":"publish","type":"post","link":"https:\/\/www.usglobalnews.com\/?p=6001","title":{"rendered":"\u2018This quarter was otherworldly\u2019: Palantir earnings surge past expectations"},"content":{"rendered":"<div data-gu-name=\"media\" class=\"dcr-14sl0e4\">\n<div class=\"dcr-17l77cs\">\n<figure id=\"36671975-6cc8-481e-8cd6-f5b8040a0797\" class=\"dcr-191xnya\">\n<div id=\"img-1\" class=\"dcr-1t7hdmw\"><img fetchpriority=\"high\" decoding=\"async\" alt=\"a man speaking\" src=\"https:\/\/i.guim.co.uk\/img\/media\/c9030c31febd27bc428218b316c3c7c4b5d83db2\/0_0_6000_4000\/master\/6000.jpg?width=465&amp;dpr=1&amp;s=none&amp;crop=none\" width=\"465\" height=\"310\" loading=\"eager\" class=\"dcr-up96pv\"><span class=\"dcr-kogzpx\"><\/p>\n<div class=\"dcr-18mnkpm\">\n<div class=\"dcr-1294qmb\"><label for=\"the-checkbox\" class=\"dcr-4sl2vt\"><\/label> <\/p>\n<div id=\"the-caption\"><figcaption data-spacefinder-role=\"inline\" class=\"dcr-1mfxiaj\"><span class=\"dcr-13i4yc9\"><\/span><span class=\"dcr-1cipnsy\">Alex Karp, Palantir\u2019s chief executive.<\/span> Photograph: John Lamparski\/Getty Images<\/figcaption><\/div>\n<\/div>\n<\/div>\n<p><\/span><a href=\"#img-1\" data-ignore=\"global-link-styling\" class=\"open-lightbox dcr-zwabc0\" aria-hidden=\"true\"><button data-element-id=\"36671975-6cc8-481e-8cd6-f5b8040a0797\" type=\"button\" class=\"open-lightbox dcr-1bitgpn\" aria-haspopup=\"dialog\"><span class=\"dcr-1shbixy\">View image in fullscreen<\/span><\/button><\/a><\/div>\n<p><span class=\"dcr-qda0hp\"><figcaption data-spacefinder-role=\"inline\" class=\"dcr-1e9iiy9\"><span class=\"dcr-13i4yc9\"><\/span><span class=\"dcr-1cipnsy\">Alex Karp, Palantir\u2019s chief executive.<\/span> Photograph: John Lamparski\/Getty Images<\/figcaption><\/span><\/figure>\n<\/div>\n<\/div>\n<div data-gu-name=\"headline\" class=\"dcr-ql9l8l\">\n<div class=\"dcr-6mja0y\">\n<h1 class=\"dcr-l0wuod\">\u2018This quarter was otherworldly\u2019: Palantir earnings surge past expectations<\/h1>\n<\/div>\n<\/div>\n<div data-gu-name=\"standfirst\" class=\"dcr-1xpojbf\">\n<div class=\"dcr-1gm5ptv\">\n<p>Shares soar as yearly revenue up 93%, even as opposition grows to company\u2019s role in Trump immigration agenda<\/p>\n<\/div>\n<\/div>\n<div data-gu-name=\"body\" class=\"dcr-x1al2c\">\n<div class=\"dcr-11gq2tx\">\n<div id=\"maincontent\" class=\"dcr-1w2vkyc\">\n<div class=\"article-body-commercial-selector article-body-viewer-selector dcr-ogvvui\">\n<p class=\"dcr-1s160rg\">In a sea of companies reporting mixed financial results this quarter, <a href=\"https:\/\/www.theguardian.com\/technology\/palantir\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\">Palantir<\/a> stands out. Although Palantir was not immune to the AI jitters that caused industry-wide drops in share prices earlier this year, the AI and analytics company reported that its overall revenue grew 93% year over year to $1.94bn. That\u2019s well over the $1.8bn Wall Street expected Palantir to bring in for the second quarter.<\/p>\n<p class=\"dcr-1s160rg\">The glowing financials sparked a 10% surge in share prices in the immediate aftermath. Despite growing <a href=\"https:\/\/www.theguardian.com\/commentisfree\/2026\/jul\/15\/palantir-british-state-political-access-us-tech-firm-nhs\" data-link-name=\"in body link\">opposition<\/a> to Palantir\u2019s <a href=\"https:\/\/www.theguardian.com\/news\/audio\/2025\/dec\/09\/palantir-the-worlds-scariest-company-podcast\" data-link-name=\"in body link\">work<\/a> with various governments including the crucial role the company plays in the Trump administration\u2019s <a href=\"https:\/\/www.theguardian.com\/us-news\/ng-interactive\/2025\/sep\/22\/ice-palantir-data\" data-link-name=\"in body link\">immigration<\/a> agenda, Palantir\u2019s revenue from US government contracts grew 90% year over year to $809m.<\/p>\n<p class=\"dcr-1s160rg\">\u201cThis quarter was otherworldly: our US commercial revenue grew 149% year-over-year, our overall revenue grew 93% year-over-year,\u201d Palantir\u2019s CEO Alex Karp said.<\/p>\n<p class=\"dcr-1s160rg\">The company expects that growth to continue over the next two quarters and said they expect to bring in $2.160bn to $2.164bn in the third quarter and raised their expectations for full year revenue to between $8.150bn and $8.158bn. The company previously said it expected to bring in between $7.65bn and $7.66bn in 2026.<\/p>\n<p class=\"dcr-1s160rg\">But analysts remain unsure of whether Palantir can maintain that level of growth, or whether AI could replace some functionalities of its various software offerings.<\/p>\n<p class=\"dcr-1s160rg\">Emarketer analyst Jacob Bourne said there was strong evidence existing customers are committed to Palantir and that the company has \u201cbeen the clearest counter-example to the claim that enterprise AI doesn\u2019t scale past pilots, and accelerating growth makes that harder to argue with\u201d.<\/p>\n<p class=\"dcr-1s160rg\">\u201cWhat it doesn\u2019t settle is whether AI eventually collapses the software layer Palantir occupies, which has weighed on its stock price this year,\u201d Bourne said in a statement.<\/p>\n<p class=\"dcr-1s160rg\">In his letter to shareholders and in interviews ahead of the earnings call, Karp took aim at the creators of large language models like OpenAI and Anthropic that use a token system to provide access to its AI.<\/p>\n<p class=\"dcr-1s160rg\">He wrote that Palantir\u2019s partners and customers want to maintain \u201ccontrol over data\u201d and not hand the keys to all their proprietary information over to the large language labs which meed to ingest as much data as possible to train their models. Karp suggested that was part of why customers are choosing Palantir over other companies.<\/p>\n<p class=\"dcr-1s160rg\">\u201cThe models have grown and thrived by essentially ingesting the entire written work product of our civilization,\u201d Karp wrote in his letter.<\/p>\n<p class=\"dcr-1s160rg\">\u201cWe have always declined, and will continue to decline, entering into a parasitic relationship with our partners,\u201d Karp said.<\/p>\n<\/div>\n<\/div>\n<div data-print-layout=\"hide\" class=\"dcr-swayiu\"><span class=\"dcr-1xhbmzr\">Explore more on these topics<\/span><\/p>\n<div class=\"dcr-2c03t5\">\n<ul class=\"dcr-p7nd18\">\n<li class=\"dcr-r721ee\"><a href=\"\/us-news\/us-news\" class=\"dcr-856iwi\">US news<\/a><\/li>\n<li class=\"dcr-r721ee\"><a href=\"\/technology\/palantir\" class=\"dcr-856iwi\">Palantir<\/a><\/li>\n<li class=\"dcr-r721ee\"><a href=\"\/tone\/news\" class=\"dcr-856iwi\">news<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"dcr-313bdz\"><a href=\"mailto:?subject=%E2%80%98This%20quarter%20was%20otherworldly%E2%80%99:%20Palantir%20earnings%20surge%20past%20expectations&amp;body=https:\/\/www.theguardian.com\/us-news\/2026\/aug\/03\/palantir-second-quarter-earnings?CMP=share_btn_url\" class=\"dcr-ncybeu\">Share<\/a><\/p>\n<div class=\"dcr-19bkree\"><a data-link-name=\"meta-syndication-article\" href=\"https:\/\/syndication.theguardian.com\/?url=https%3A%2F%2Fwww.theguardian.com%2Fus-news%2F2026%2Faug%2F03%2Fpalantir-second-quarter-earnings&amp;type=article&amp;internalpagecode=us-news\/2026\/aug\/03\/palantir-second-quarter-earnings\" target=\"_blank\" rel=\"noreferrer\" title=\"Reuse this content\" class=\"dcr-1c41onw\">Reuse this content<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-gu-name=\"right-column\" class=\"dcr-1kq7f60\"><span class=\"dcr-1ryr20k\"><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Alex Karp, Palantir\u2019s chief executive. Photograph: John Lamparski\/Getty Images View image in fullscreen Alex Karp, Palantir\u2019s chief executive.<\/p>\n","protected":false},"author":0,"featured_media":6003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world-news"],"_links":{"self":[{"href":"https:\/\/www.usglobalnews.com\/index.php?rest_route=\/wp\/v2\/posts\/6001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.usglobalnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.usglobalnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.usglobalnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6001"}],"version-history":[{"count":0,"href":"https:\/\/www.usglobalnews.com\/index.php?rest_route=\/wp\/v2\/posts\/6001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.usglobalnews.com\/index.php?rest_route=\/wp\/v2\/media\/6003"}],"wp:attachment":[{"href":"https:\/\/www.usglobalnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.usglobalnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.usglobalnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}