The earnings call highlighted significant revenue growth, particularly in the U.S. commercial and government sectors, along with strong customer expansions and profitability. However, it also noted challenges in international commercial revenue and strategic contract revenue declines, with anticipated seasonal expense increases. Overall, the positives significantly outweigh the negatives.

Company Guidance -

Q3 2025

In the second quarter of fiscal year 2025, Palantir reported remarkable growth, driven primarily by its U.S. business, which saw a 93% year-over-year increase in commercial revenue and a 53% rise in government revenue. Overall, the company's revenue surged by 48% year-over-year, surpassing $1 billion for the first time, and representing 68% growth in the U.S. market. Palantir's Rule of 40 score reached an impressive 94%, reflecting an 11-point increase from the previous quarter. The company also achieved record bookings with $2.3 billion in Total Contract Value (TCV) and $684 million in Annual Contract Value (ACV), closing 157 deals worth $1 million or more. Additionally, Palantir's adjusted operating margin expanded to 46%, while adjusted free cash flow amounted to $569 million, representing a 57% margin. Looking ahead, Palantir raised its full-year 2025 revenue guidance midpoint to $4.146 billion, anticipating a 45% year-over-year growth rate, with U.S. commercial revenue expected to exceed $1.302 billion, reflecting an 85% growth rate.

Record-Breaking Quarterly Revenue

Palantir surpassed $1 billion in quarterly revenue for the first time, with a 48% year-over-year growth in Q2.

U.S. Commercial Growth

The U.S. commercial segment experienced a 93% year-over-year and 20% sequential growth, comprising 31% of Q2 revenue, up from 23% a year ago.

Strong Customer Expansion

Palantir closed 157 deals worth $1 million or more, with expansions among top 20 customers averaging $75 million in trailing 12-month revenue, up 30% from last year.

High Demand in Government Sector

U.S. government revenue grew 53% year-over-year, with significant contracts including a $218 million order from U.S. Space Force and a $10 billion contract with the Army.

Increase in Rule of 40 Score

Rule of 40 score climbed to 94% in Q2, up 11 points quarter-over-quarter, highlighting growth and profitability.

Exceptional Cash Flow

Generated $569 million in adjusted free cash flow, representing a margin of 57%.

Palantir Technologies (PLTR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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PLTR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	0.17 / -	0.1	―	―	―
Aug 04, 2025	2025 (Q2)	0.14 / 0.16	0.09	77.78% (+0.07)
May 05, 2025	2025 (Q1)	0.13 / 0.13	0.08	62.50% (+0.05)
Feb 03, 2025	2024 (Q4)	0.11 / 0.14	0.08	75.00% (+0.06)
Nov 04, 2024	2024 (Q3)	0.09 / 0.10	0.07	42.86% (+0.03)
Aug 05, 2024	2024 (Q2)	0.08 / 0.09	0.05	80.00% (+0.04)
May 06, 2024	2024 (Q1)	0.08 / 0.08	0.05	60.00% (+0.03)
Feb 05, 2024	2023 (Q4)	0.08 / 0.08	0.04	100.00% (+0.04)
Nov 02, 2023	2023 (Q3)	0.06 / 0.07	0.01	600.00% (+0.06)
Aug 07, 2023	2023 (Q2)	0.05 / 0.05	-0.01	600.00% (+0.06)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PLTR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 04, 2025	$160.66	$173.27	+7.85%
May 05, 2025	$123.77	$108.86	-12.05%
Feb 03, 2025	$83.74	$103.83	+23.99%
Nov 04, 2024	$41.41	$51.13	+23.47%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.