Palantir Shares Surge 21% on 93% YoY Q2 Revenue Growth

PLTR stock rises 21% as Q2 revenue hits $1.94B, up 93% YoY, with net profit at $1.06B and raised full-year guidance driving market confidence.

Woofun AI data shows that Palantir (PLTR.N) shares have climbed, with gains expanding to 21%. The movement follows the release of the company's second-quarter earnings report after market close yesterday, which recorded revenue of $1.94 billion, representing a 93% year-over-year increase. Net profit reached $1.06 billion, and the company significantly raised its full-year guidance.