When the company reported Q2 earnings on Aug. 4, it announced that revenues saw year-over-year growth of 48% and topped $1 billion in quarterly revenue for the first time ever, while U.S. government revenues rose 53% from the year-ago period to $426 million. Palantir beat on earnings with 16 cents per share versus Wall Street's expectations of 14 cents per share. The company also upped its full-year guidance, forecasting revenues between $4.142 billion and $4.150 billion, up from its previous forecast of $3.89 billion to $3.90 billion.
Shares of Palantir Technologies Inc. (NASDAQ:PLTR) popped 7.74% over the past five trading sessions after gaining 8.14% the five prior. That continues the stock's 2025 rally that's seen PLTR gain 142.57% YTD. Over the past year, PLTR is up more than 380%, and since going public in October 2020, it has gained an eye-popping 1,882.50%. Last week, the company announced a new defense partnership with the U.K. government valued at £1.5 billion.