Palantir lands surprise AI deal with 109-year-old titan

Core Insights - Palantir has demonstrated its ability to scale AI effectively, achieving significant revenue growth and expanding its market presence [1][2] - The company reported a 48% year-over-year revenue increase, nearing $1 billion, with U.S. commercial sales surging by 93% to $306 million [1][2] - Palantir's stock has risen 140% year-to-date, indicating strong market confidence and positioning the company as a major player in AI [2] Financial Performance - Full-year revenue guidance has been raised to $4.14-$4.15 billion, with third-quarter sales expected to be between $1.083-$1.087 billion, reflecting a 50% year-over-year increase [2] - CEO Alex Karp highlighted this as the highest sequential quarterly revenue growth in the company's history [2] Strategic Partnerships - Palantir has secured significant alliances, including contracts with the UK Ministry of Defence, NATO, and Fannie Mae, showcasing its expanding influence in the AI sector [3] - A notable new contract with Boeing will see Palantir's Foundry platform deployed across Boeing's Defense, Space & Security division, enhancing AI-driven manufacturing capabilities [4][6] Contract Details - The deployment will cover various production lines for aircraft, satellites, and missile systems, providing a digital backbone for Boeing's operations [6][7] - The Foundry platform will integrate complex data streams into a user-friendly interface, standardizing analytics and improving production cycles [7] - The contract includes direct AI support for classified defense missions, reinforcing Palantir's role in national security [7]