Palantir (PLTR) Q2 2025 Earnings
How Did PLTR Stock React to Q2 2025 Earnings?
S&P 500 over the same 30 days: +3.07%.
Did PLTR Beat Earnings? Q2 2025 Results
Yes. Palantir reported Q2 2025 earnings of $0.16 a share on Aug 4, 2025, beating the $0.14 consensus estimate by 15.5%. Revenue was $1.0B against a $939.5M estimate.
Palantir delivered a landmark quarter in Q2 2025, crossing the $1 billion revenue threshold for the first time and leaving Wall Street's expectations well behind, with revenue of $1.00 billion representing 48.0% year-over-year growth and a 6.84% beat against the $939.47 million consensus. Adjusted EPS of $0.16 topped the $0.14 estimate by 15.52%, while GAAP net income more than doubled from the year-ago period to reach a 33% margin. The primary engine behind the blowout was explosive U.S. commercial momentum, with that segment surging 93% year-over-year to $306 million as Palantir's Artificial Intelligence Platform continued driving rapid enterprise adoption. Contract activity was equally striking, with a record $2.27 billion in total contract value closed during the quarter, up 140% year-over-year. Looking ahead, management raised full-year 2025 revenue guidance to $4.14 to $4.15 billion, implying approximately 45% growth, while projecting Q3 revenue of $1.08 to $1.09 billion, which would mark the highest sequential quarterly revenue growth in company history.
- AI leverage driving accelerating adoption across U.S. commercial and government segments
- U.S. commercial revenue growth of 93% Y/Y driven by AIP adoption
- Record total contract value of $2.27 billion closed in Q2, up 140% Y/Y
- U.S. commercial TCV of $843 million, up 222% Y/Y
- Customer count grew 43% Y/Y and 10% Q/Q
- 157 deals of at least $1 million, 66 deals of at least $5 million, and 42 deals of at least $10 million
“This was a phenomenal quarter. We continue to see the astonishing impact of AI leverage. Our Rule of 40 score was 94%, once again obliterating the metric. Year-over-year growth in our U.S. business surged to 68%, and year-over-year growth in U.S. commercial climbed to 93%. We are guiding to the highest sequential quarterly revenue growth in our company's history, representing 50% year-over-year growth.”
Palantir CEO, on the earnings call
What Was Palantir's Outlook in Q2 2025?
For Q3 2025, Palantir expects revenue of $1.083–$1.087 billion (implying 50% year-over-year growth) and adjusted income from operations of $493–$497 million. For full year 2025, the company raised revenue guidance to $4.142–$4.150 billion (approximately 45% year-over-year growth), raised U.S. commercial revenue guidance to in excess of $1.302 billion (at least 85% growth), raised adjusted income from operations guidance to $1.912–$1.920 billion, and raised adjusted free cash flow guidance to $1.8–$2.0 billion. The company continues to expect GAAP operating income and net income in each quarter of 2025.
PLTR YoY Financials
| Metric | Q2 2025 | Q2 2024 | Year over year |
|---|---|---|---|
| Revenue | $1.0B | $678.1M | +48.0% |
| Gross Profit | $810.8M | $549.6M | +47.5% |
| Operating Income | $269.3M | $105.3M | +155.7% |
| Net Income | $326.7M | $134.1M | +143.6% |
PLTR Revenue by Segment
PLTR Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.