Palantir says U.S. government business grew 14% q/q in Q2

Chief Revenue Officer Ryan Taylor said: “Our U.S. government business grew 53% year-over-year and 14% sequentially last quarter, driven by the impact we’re delivering across civil, intel and defense, including greenfield efforts. U.S. Space Force Space Systems Command awarded us a $218 million delivery order to support seamless synchronized multi-domain war fighting for the space and air operational communities. The ceiling for our Maven Smart System contract was increased by $795 million to prepare for what they expect will be significant demand from combatant commands for our AI-powered software capabilities over the next 4 years. Last week, Palantir (PLTR) was awarded a 10-year enterprise agreement with the Army, totaling up to $10 billion, consolidating 75 contracts into a single contract. The Army is one of our longest-standing customers. We are honored to embark on this next phase together. We remain focused with deep respect and dedication on equipping our war fighters with decisive advantages over our adversaries. Looking towards the back half of the year, my enthusiasm for our business is at an all-time high. With determination and persistence, we’ll continue delivering exceptional AI production impact for our customers, running full speed at the critical challenges they entrust us to solve.” Comments taken from Q2 earnings conference call.