Why Investors Are Excited About Palantir Stock Again

Core Insights - Palantir Technologies has emerged as a leading player in the artificial intelligence market, driven by significant government contracts, increasing commercial usage, a new AI product stack, and notable partnerships [1][4]. Company Overview - Palantir Technologies is valued at $424.7 billion and specializes in big data analytics, AI, and decision-making platforms, utilizing tools like Gotham, Foundry, and the Artificial Intelligence Platform (AIP) [3]. Financial Performance - In Q2, Palantir surpassed the billion-dollar revenue mark for the first time, achieving a total revenue increase of 48% year-on-year (YoY) [4]. - U.S. revenue grew by 68% YoY and 17% sequentially, making up 73% of total revenue, with U.S. Commercial revenue rising 93% YoY [4]. - Adjusted earnings per share (EPS) reached $0.16, and free cash flow was strong at $569 million, with full-year expectations of $1.8 billion to $2 billion [5]. Deal Activity - Palantir recorded unprecedented deal activity in Q2, booking $2.3 billion in total contract value (TCV) and $684 million in annual contract value (ACV) [6]. - The company closed 157 deals worth at least $1 million, including 42 deals exceeding $10 million, indicating strong demand from existing customers [6].