PLTR Q2 Earnings Summary: Beat Expectations Again, Stock Up 9% After Report Palantir delivers another stellar earnings report. CEO Alex Karp said this quarter's performance was extraordinary and declared that the Sovereign AI revolution has begun. 1. Revenue and EPS both exceeded expectations Revenue: $1.935 billion, up 93% YoY EPS: $0.41, beating market expectations 2. U.S. commercial business continues to soar U.S. commercial revenue up 149% YoY U.S. government revenue up 90% YoY 3. Growth quality remains strong Commercial orders hit an all-time high Rule of 40 improved to 155% Free cash flow margin: 63% 4. Full-year guidance raised across the board Increased full-year revenue, operating profit, and free cash flow guidance Further raised growth expectations for U.S. commercial revenue