Palantir CEO Alex Karp (Andrew Caballero-Reynolds/Getty Images)

Palantir beats Q2 earnings and revenue expectations, boosts guidance

It was a classic beat and raise for the best performer in the S&P 500.

8/4/25 4:08PM

Palantir jumped after the best performer in the S&P 500 once again exceeded Wall Street’s expectations with Q2 earnings results.

The Denver-based defense, data, and AI software company also raised its annual guidance. Shares were up 4.3% in recent after-hours trading.

Here are some of the highlights:

Adjusted earnings per share of $0.16 vs. Wall Street expectations for $0.14.
Sales of $1.004 billion vs. an expected $939 million, per FactSet data.
Palantir now sees full-year 2025 revenue in a range of $4.142 billion to $4.150 billion, vs. its previous guidance of $3.890 billion to $3.902 billion.
That annual revenue forecast projects growth of nearly 45% vs. Wall Street expectations for 36% year-on-year sales growth.
Palantir forecast Q3 sales growth of roughly 49.5%, vs. the 35% rate analysts had been predicting before the earnings announcement.
Q2 sales at Palantir’s US government division rose 53% to $426 million, vs. Q1 growth of 45% year over year to $373 million.
Sales at Palantir’s US commercial unit were up 93% year over year to $306 million, vs. Q1 growth of 71% to $255 million.

Through the end of last week, Palantir — a wildly popular position among retail traders — had been the top-performing stock in the S&P 500, rising more than 100%.

Over just the last 12 months, the stock’s rise of more than 500% created more than $300 billion in wealth for shareholders and catapulted Palantir into the top ranks of Corporate America.

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SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

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Palantir beats Q2 earnings and revenue expectations, boosts guidance

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