Palantir Soars 20% on 93% Revenue Surge; Alphabet Crushes Estimates with $9.11 EPS
PLTR sits 50% above its 52-week low of $106.37 on elevated volume (2.1× avg).
Summary
Palantir delivered a massive Q2 beat, posting adjusted EPS of $0.41 against a $0.34 estimate on revenue of $1.94B, up 93% YoY — its fastest growth ever. U.S. commercial revenue exploded 149%, and management raised full-year guidance, projecting at least 134% growth in that segment. The stock jumped 20.45% to $151.35. Alphabet also crushed estimates with diluted EPS of $9.11 versus a $2.88 consensus, though a $99B unrealized equity gain inflated the headline number; underlying operating profit still beat. Google Cloud revenue surged 82%, reinforcing AI infrastructure demand. Both results show corporate America absorbing higher costs and AI spending fears far better than markets priced in. Palantir's guidance raise and commercial acceleration are the standout new signals — this is not just a beat, it's an inflection point in growth trajectory.
At the time of this announcement, PLTR was trading at $159.84 on NASDAQ in the Technology sector, with a market capitalization of approximately $383.2B. The 52-week trading range was $106.37 to $207.52. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Benzinga.