2025-08-04T22:59:23Z<\/p>\n
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Facebook Email X<\/p>\n LinkedIn<\/p>\n Reddit<\/p>\n Bluesky<\/p>\n WhatsApp<\/p>\n Copy link<\/p>\n lighning bolt icon Impact Link<\/p>\n Save <\/p>\n Read in app<\/p>\n <\/a> <\/p>\n This story is available exclusively to Business Insider Palantir’s earnings were buoyed by its US revenue, which surged 55% from the same period last year. Palantir’s CEO, Alex Karp,<\/a> saw no reason to be humble after his company’s blockbuster second-quarter earnings.<\/p>\n “As usual, I’ve been cautioned to be a little modest about our bombastic numbers, but there’s no authentic way to be anything but have enormous pride and gratefulness about these extraordinary numbers,” he said as he kicked off his part of the earnings call on Monday.<\/p>\n He struck a similar tone in his letter to shareholders.<\/a><\/p>\n “The skeptics are admittedly fewer now, having been defanged and bent into a kind of submission,” he wrote.<\/p>\n The Denver-based AI software company beat analyst estimates Monday with adjusted earnings of 16 cents per share on $1 billion in revenue, topping LSEG projections of 14 cents and $940 million, respectively. The stock peaked at more than 5% in after-hours trading compared to when the market closed at 4 p.m ET.<\/p>\n Palantir<\/a>‘s commercial revenue in the US nearly doubled since last year’s second quarter to $628 million, while government revenue climbed 53% year-over-year to $426 million, mostly thanks to a 10-year, $10 billion contract with the US Army<\/a>, which consolidated 75 contracts into one<\/a>.<\/p>\n
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\n Alex Karp called the earnings “bombastic,” saying skeptics have been “bent into a kind of submission.”
\n Palantir was awarded a 10-year, $10 billion enterprise agreement with the Army in late July.<\/p>\n