Palantir Technologies

In this article Palantir topped second-quarter earnings on Monday and more than doubled commercial revenue growth from a year ago. The stock surged 8% after the numbers were released. Here's how the company did versus LSEG estimates: Revenue climbed 93% from about $1 billion a year ago. 07 billion, or 41 cents per share, compared to about $329 million, or 13 cents per share in the year-ago quarter. "Forget consensus," CEO Alex Karp told CNBC's Seema Mody in an exclusive interview. "To my knowledge, no businesses at our scale has even grown half this much."

S. government revenue grew 90% from a year ago to $809 million. S. government and military, but its commercial revenue has accelerated. S. commercial revenue surged 149% from a year ago to $764 million and, when taking into account compounding, has jumped 380% since 2024. S. 22 billion. S. 24 billion. Palantir shares have lost 29% this year due to broadening concerns that the artificial intelligence software trade is running out of steam and growth could slow. 66 billion. Karp told CNBC that the strong growth "looks like this is going to go on for at least another 18 months."

The CEO has been a major proponent of open-weight models and reducing reliance on the token model from frontier labs, especially as Chinese tools have rapidly closed the gap. Last month, following his viral comments on CNBC that sparked a wider debate, Karp and Palantir joined tech heavyweights in a letter urging the government not to restrict open-weight models.