Palantir smashes expectations with $1 billion Q2 revenue as CEO boasts that skeptics have been 'bent into a kind of submission'

Core Insights - Palantir's CEO expressed pride in the company's strong second-quarter earnings, highlighting the impressive financial performance [1] - The company surpassed analyst expectations with adjusted earnings of 16 cents per share and revenue of $1 billion, exceeding projections of 14 cents and $940 million [2] Financial Performance - Palantir's commercial revenue in the US nearly doubled year-over-year to $628 million, while government revenue increased by 53% to $426 million, driven by a significant $10 billion contract with the US Army [3] - The company raised its full-year revenue guidance midpoint to just over $4 billion, reflecting a nine-point increase from the previous quarter [4] Contracts and Growth - The US Space Force awarded Palantir a $218 million delivery order and increased the spending ceiling for its Maven Smart System to $795 million, indicating anticipated significant demand [4] - The overall sentiment among skeptics has shifted positively, with fewer doubts about the company's growth trajectory [2]