Palantir reports Q2 EPS 16c, consensus 14c

Reports Q2 revenue $1.00B, consensus $939.5M. Customer count grew 43% year-over-year and 10% quarter-over-quarter. “This was a phenomenal quarter. We continue to see the astonishing impact of AI leverage. Our Rule of 40 score was 94%, once again obliterating the metric. Year-over-year growth in our U.S. business surged to 68%, and year-over-year growth in U.S. commercial climbed to 93%. We are guiding to the highest sequential quarterly revenue growth in our company’s history, representing 50% year-over-year growth,” said Alex C. Karp, Co-Founder and Chief Executive Officer of Palantir (PLTR) Technologies.