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Palantir Raises Sales Guidance as US Commercial Growth Drives Second-Quarter Beat

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Palantir Raises Sales Guidance as US Commercial Growth Drives Second-Quarter Beat

Palantir Technologies (PLTR) lifted its full-year revenue guidance on Monday after a surge in US commercial sales drove stronger-than-expected second-quarter results.

The company raised its 2026 revenue outlook to between $8.150 billion and $8.158 billion from $7.650 billion and $7.662 billion. Analysts expect $7.73 billion.

Palantir forecasts third-quarter sales of $2.160 billion to $2.164 billion, compared with Wall Street's $2 billion estimate.

Palantir's software is used by both government and commercial enterprises, including the American defense sector.

Adjusted earnings for the second quarter were $0.41 per share, compared with the FactSet-polled consensus of $0.34. Consolidated revenue soared 93% to $1.94 billion, ahead of the Street's view for $1.81 billion.

US revenue more than doubled year over year at $1.57 billion, with commercial sales rallying 149% to $764 million, Palantir said. US government revenue climbed 90% to $809 million.

Shares of Palantir were up 12% in after-hours trading, but had fallen 29% this year through Monday close.

RBC Capital Markets said last week that Palantir's valuation was unattractive, with the risk/reward balance skewed to the downside.

The Middle East conflict likely buoyed Palantir's government contract values in the second quarter, but its enterprise clients were understood to be considering leaving the platform amid intense competition, RBC said in a note on July 30.

"While shares have come down recently, (Palantir) remains the most expensive stock across our RBC All-(Software as a Service) universe," the brokerage said. "We struggle to underwrite a scenario that justifies current valuation levels."

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