{"id":45338,"date":"2025-08-05T10:04:06","date_gmt":"2025-08-05T10:04:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/45338\/"},"modified":"2025-08-05T10:04:06","modified_gmt":"2025-08-05T10:04:06","slug":"palantir-lifts-outlook-as-ai-boom-sends-quarterly-revenue-to-1bn","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/45338\/","title":{"rendered":"Palantir lifts outlook as AI boom sends quarterly revenue to $1bn"},"content":{"rendered":"

Unlock the Editor\u2019s Digest for free<\/p>\n

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/p>\n

\u200bData intelligence group Palantir boosted its 2025 outlook and said its sales jumped almost 50 per cent in the second quarter, citing the \u201castonishing impact of AI\u201d for its rapid expansion.<\/p>\n

The group said on Monday that its sales rose to $1bn for the first time in the three months to the end of June, up 48 per cent from the same period in 2024, exceeding Wall Street forecasts of $939mn.<\/p>\n

\u201cWe continue to see the astonishing impact of AI leverage,\u201d said chief executive Alex Karp, adding that \u201cthe growth rate of our business has accelerated radically, after years of investment on our part and derision by some\u201d.<\/p>\n

Palantir<\/a> said it expected 2025 revenues of between $4.1bn and $4.2bn, up from a previous forecast of about $3.9bn. Second-quarter net income was $327mn, up 144 per cent from the same period last year.<\/p>\n

Palantir reported a 53 per cent year over year increase in revenue from the US government to $426mn, as it benefited from President Donald Trump\u2019s increased focus on national security and vow to increase defence spending. US commercial revenues almost doubled to $306mn. <\/p>\n

\u201cThis is a once in a generation, truly anomalous quarter and we\u2019re sorry that our haters are disappointed,\u201d Karp said on a call with shareholders following the earnings announcement.<\/p>\n

Recommended<\/p>\n

\"The<\/a><\/p>\n

Palantir, which was founded in 2003 by Karp, tech veteran Peter Thiel and others, sells artificial intelligence software to businesses and governments around the world. Its technology is used to collate and analyse data, from supply chain analysis to surveillance of military targets and identification systems for undocumented immigrants.<\/p>\n

Last week, Palantir announced it had signed a deal with the US government worth up to $10bn over the next decade, which is one of the largest defence department software contracts.<\/p>\n

Palantir\u2019s shares had more than doubled since the end of last year, as of Monday\u2019s close. The stock added nearly 4 per cent in after-hours trading in New York following the release of the results.<\/p>\n

Analysts have raised concerns for months that Palantir shares are overvalued. They have more than doubled this year, giving it a market capitalisation of $379bn and making it one of the most valuable listed US tech companies \u2014 ahead of Salesforce, IBM and Cisco.<\/p>\n

Video: Nvidia’s rise in the age of AI | FT Film<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this…\n","protected":false},"author":2,"featured_media":45339,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[554,733,4308,86,56,54,55],"class_list":["post-45338","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-technology","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/45338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=45338"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/45338\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/45339"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=45338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=45338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=45338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}