Palantir Q2 Revenue Beats Expectations and Significantly Raises Full-Year Revenue Guidance, Stock Price Surges 14% in After-Hours Trading

August 4th, Palantir announced Q2 revenue of $19.3 billion, exceeding the market's expectation of $18.05 billion and the $10.03 billion in the same period last year.

They also raised their full-year revenue guidance to $81.5 billion to $81.6 billion, up from the previous guidance of $76.5 billion to $76.6 billion.

Due to strong demand for AI software, according to BIT (bit.com) market data, the stock price surged by 14% in after-hours trading.