Palantir tops $1 billion in revenue for the first time, boosts guidance

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Palantir surpassed $1 billion in quarterly revenue for the first time, beating Wall Street expectations and raising its full-year forecast. Revenue rose 48% year-over-year, with U.S. revenue up 68% and commercial U.S. revenue nearly doubling. Net income jumped 144% to $326.7 million. Palantir also secured a $10 billion U.S. Army contract and closed numerous large deals. Shares have more than doubled this year, pushing its market value past $379 billion and into the top 10 U.S. tech companies, CNBC has reported. CEO Alex Karp emphasized plans for high growth with fewer employees, though no layoffs were confirmed. read more: 👍 Like this video to stay informed on major tech milestones and the rise of defense-focused companies. 💬 Comment below—Do you think Palantir’s growth is sustainable in the long term? 🔗 Share this video to help others follow key shifts in the tech and defense sectors. 💰 Want to support the channel? You can donate directly by hitting the YouTube Thanks button. Your support helps us continue covering major financial and tech industry developments. 👉 Don’t forget to subscribe for more updates on tech earnings, market movers, and innovation trends. Thanks for watching and supporting the channel. Links for B.C. Visit My Website Follow Me On Facebook Subscribe To My Patreon Watch Me On YouTube Follow Me On Twitter Watch Me On Rumble Follow Me On Gab Follow Me On Truth Social Follow Me On BlueSky Watch Me On TikTok #PalantirEarnings #TechStocks #DefenseTech