Palantir Surges 16% Premarket After Blowout Q2: Revenue Up 93%, Guidance Raised
PLTR sits 37% above its 52-week low of $106.37 on elevated volume (1.8× avg).
Summary
Palantir shares are jumping over 16% in premarket trading after reporting Q2 revenue of $1.94B, up 93% year-over-year, and EPS of $0.41 versus $0.35 expected. The company also raised its full-year revenue forecast. The results were driven by AI growth. With $9.2B in cash and no debt, Palantir is well-positioned to capitalize on AI demand. The stock had recently hit a 52-week low of $106.38 in late June amid European contract concerns, making this rebound particularly notable.
At the time of this announcement, PLTR was trading at $145.31 on NASDAQ in the Technology sector, with a market capitalization of approximately $301.2B. 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 8 out of 10. Source: CNBC TV18.