Palantir hits $1B quarter, lifts outlook on AI platform demand.

Palantir Technologies reported a milestone quarter as demand for its AI-driven data analytics platforms surged, delivering more than $1 billion in revenue for the first time and prompting executives to lift their outlook for the year. The results underscore a broadening adoption of Palantir’s technology across both the U.S. government and commercial sectors, with a robust pipeline and expanding operating margins that point to sustained momentum into the second half of 2025.

In the second quarter, Palantir posted revenue of $1.0 billion, up about 48% from a year earlier, marking the highest quarterly figure in the company’s history. Adjusted operating income rose about 24% to roughly $464 million, reflecting improved operating leverage as the mix leans more toward high-growth commercial deployments alongside the traditional government business. The company highlighted its AI Platform (AIP) as a major driver, noting record commercial total contract value of $803 million, a year-over-year increase of about 134%. Government revenue also advanced, rising roughly in the mid‑40s in percentage terms year over year, signaling that both core engines are contributing to the topline.