Q2 25 EPS
$0.16
BEAT +15.52%
Est. $0.14
Q2 25 Revenue
$1.00B
BEAT +6.84%
Est. $939.5M
vs S&P Since Q2 25
-29.0%
TRAILING MARKET
PLTR -14.2% vs S&P +14.8%
Market Reaction
Did PLTR Beat Earnings? Q2 2025 Results
Palantir delivered a landmark quarter in Q2 2025, crossing the $1 billion revenue threshold for the first time and leaving Wall Street's expectations well behind, with revenue of $1.00 billion representing 48.0% year-over-year growth and a 6.84% beat… Read more Palantir delivered a landmark quarter in Q2 2025, crossing the $1 billion revenue threshold for the first time and leaving Wall Street's expectations well behind, with revenue of $1.00 billion representing 48.0% year-over-year growth and a 6.84% beat against the $939.47 million consensus. Adjusted EPS of $0.16 topped the $0.14 estimate by 15.52%, while GAAP net income more than doubled from the year-ago period to reach a 33% margin. The primary engine behind the blowout was explosive U.S. Commercial momentum, with that segment surging 93% year-over-year to $306 million as Palantir's Artificial Intelligence Platform continued driving rapid enterprise adoption. Contract activity was equally striking, with a record $2.27 billion in total contract value closed during the quarter, up 140% year-over-year. Looking ahead, management raised full-year 2025 revenue guidance to $4.14 to $4.15 billion, implying approximately 45% growth, while projecting Q3 revenue of $1.08 to $1.09 billion, which would mark the highest sequential quarterly revenue growth in company history.
Key Takeaways
- • AI leverage driving accelerating adoption across U.S. commercial and government segments
- • U.S. commercial revenue growth of 93% Y/Y driven by AIP adoption
- • Record total contract value of $2.27 billion closed in Q2, up 140% Y/Y
- • U.S. commercial TCV of $843 million, up 222% Y/Y
- • Customer count grew 43% Y/Y and 10% Q/Q
- • 157 deals of at least $1 million, 66 deals of at least $5 million, and 42 deals of at least $10 million
PLTR YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
PLTR Revenue by Segment
With YoY comparisons, source: SEC Filings
PLTR Revenue by Geography
With YoY comparisons, source: SEC Filings
“This was a phenomenal quarter. We continue to see the astonishing impact of AI leverage. Our Rule of 40 score was 94%, once again obliterating the metric. Year-over-year growth in our U.S. business surged to 68%, and year-over-year growth in U.S. commercial climbed to 93%. We are guiding to the highest sequential quarterly revenue growth in our company's history, representing 50% year-over-year growth.”
— Alex C. Karp, Q2 2025 Earnings Press Release
PLTR Earnings Trends
PLTR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PLTR EPS Trend
Earnings per share: estimate vs actual
PLTR Revenue Trend
Quarterly revenue: estimate vs actual
PLTR Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $0.18 | $0.25 | +38.89% | $1.41B | +5.74% |
| FY Full Year | $0.73 | $0.75 | +3.45% | $4.48B | +1.74% |
| Q3 25 BEAT | $0.17 | $0.21 | +25.45% | $1.18B | +8.19% |
| Q2 25 BEAT | $0.14 | $0.16 | +15.52% | $1.00B | +6.84% |
| Q1 25 BEAT | $0.13 | $0.13 | +1.09% | $883.9M | +2.52% |
| Q4 24 BEAT FY | $0.11 | $0.14 | +23.67% | $827.5M | +7.60% |
| FY Full Year | $0.38 | $0.41 | +7.02% | $2.87B | +2.08% |
| Q3 24 BEAT | $0.09 | $0.10 | +11.11% | $725.5M | +3.48% |
| Q2 24 BEAT | $0.08 | $0.09 | +12.50% | $678.1M | +3.99% |
| Q1 24 BEAT | $0.08 | $0.08 | +0.00% | $634.3M | +0.00% |