On August 4, Palantir Technologies Inc. rose 14.69% in pre-market trading, trading at $144.15/share, with turnover of $9.34 million.

The surge was driven by the company's Q2 earnings release, which beat expectations on all metrics and included a significant upward revision to full-year guidance. Q2 revenue came in at $1.935 billion, up 93% year-over-year and well above the consensus estimate of $1.802 billion. Adjusted EPS of $0.41 exceeded the $0.35 estimate by 17%. U.S. commercial revenue surged 149% to $764 million, far surpassing the $716.4 million expected.

The company raised its full-year revenue guidance to $8.15–$8.158 billion, up from its prior range of $7.65–$7.662 billion and above the FactSet consensus of $7.73 billion. Q3 revenue is guided at $2.16–$2.164 billion versus analysts' $2.0 billion estimate. The CEO described commercial demand as extraordinary, projecting strong momentum for at least 18 months. Additionally, Palantir announced a partnership with Mercury Systems to enhance military automation, and promoted its Enterprise AI Sovereignty architecture as a core growth driver.

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