Palantir Q2 Revenue Tops $1B, Stock Hits Record

Palantir Technologies posted over $1 billion in Q2 2025 revenue, a 48% year-over-year increase driven by demand for its AI-powered platforms. U.S. government revenue rose 53% to $426 million, while U.S. commercial revenue jumped 93% and now makes up over 30% of Palantir’s business. The company raised its full-year 2025 revenue guidance above Wall Street expectations and became one of the top S&P 500 performers as its stock reached record highs. Palantir’s AI Platform (AIP), which integrates advanced language models with proprietary data and software logic, has established the company as an essential enterprise partner beyond government contracts. Major deals, including a $10 billion U.S. Army contract, highlight Palantir’s growing influence in defense and AI. However, analysts continue to warn about the company's high valuation and questions around long-term growth.