Russ Mould, investment director at AJ Bell, said: “Palantir has shot the lights out with its second-quarter earnings and prompted a surge in the shares in pre-market trading.
“The sensitive nature of Palantir’s work for government and intelligence agencies often means there is some opacity in its financial results but the headline numbers spoke for themselves as both revenue and earnings were well ahead of forecasts.
“This strong performance confounded fears that Palantir would be hit by slowing demand for AI-related software and, at a stroke, has repaired a significant proportion of the damage to the share price seen so far in 2026.
“Perhaps even more significantly the software firm materially bolstered guidance for full-year revenue with investors lapping up comments from CEO Alexander Karp suggesting strong growth would continue for at least the next 18 months.
“The strong expansion in non-governmental revenue may also provide some reassurance over concerns the business is not sufficiently diversified.”
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