Palantir lifts revenue outlook after quarterly sales jump 93%

what happened

TradingView reported that Palantir Technologies Inc. Class A (NASDAQ:PLTR) generated $1.94B in second-quarter revenue, up 93% year over year. U.S. commercial revenue increased 149%, U.S. government revenue rose 90%, and net dollar retention reached 157%.

The company raised its full-year revenue guidance to $8.15–$8.16B from $7.65–$7.66B. CEO Alex Karp said the outlook reflects continued growth for at least the next 18 months. After a 2% premarket rise, the stock traded near $192 and gained 2.4% for the day; its intraday high reached $209.05 on Oct. 9, 2026.

Investor Michael Burry replaced a short position in PLTR with long-dated put options expiring in 2027. Palantir CTO Shyam Sankar said the Maven AI system was unlikely to have been behind the February Minab strike. The company also added AI agents to perform independent checks in targeting workflows.

Goldman Sachs highlighted Palantir’s forward-deployed engineering model and sovereign AI strategy. Separately, the UK Housing department provided an additional £5M to extend the Homes for Ukraine contract by one year, bringing total contract payments to £15M.

why it matters

The results and higher outlook focus attention on Palantir’s commercial and government growth rates. At the same time, Burry’s position, new AI verification measures and the UK extension show that investors are also weighing technology-use risks and contract momentum.

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