Palantir Technologies Inc (NASDAQ:PLTR) reported financial results for the second quarter after the market close on Monday. Here’s a look at the key details from the AI software company’s report.
Q2 Earnings: Palantir reported second-quarter revenue of $1.004 billion, beating analyst estimates of $939.71 million. The company reported second-quarter adjusted earnings of 16 cents per share, beating analyst estimates of 14 cents per share.
Palantir has now met or exceeded analyst estimates on the top and bottom lines in eight consecutive quarters, according to data from Benzinga Pro.
Total revenue was up 48% year-over-year as U.S. revenue grew 68% year-over-year to $733 million. U.S. Commercial revenue grew 93% year-over-year to $306 million and U.S. Government revenue climbed 53% year-over-year to $426 million.
Palantir’s customer count grew 43% year-over-year and 10% on a quarter-over-quarter basis. The company …