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Palantir Technologies (PLTR) Soars as Quarterly Revenues Breaks Past $1-Billion Revenue Mark

By Angelica Ballesteros | August 06, 2025, 12:24 PM

We recently published 10 Stocks With Surprising Gains Amid Market Meltdown. Palantir Technologies Inc. (NASDAQ:PLTR) is one of the best-performing stocks on Tuesday.

Palantir extended its rally for a second day on Tuesday, rising 7.85 percent to close at $173.27 apiece as investor sentiment was bolstered by its impressive earnings performance, having cracked past the $1-billion revenue mark on a quarter basis.

In a statement on Tuesday, Palantir Technologies Inc. (NASDAQ:PLTR) said revenues in the second quarter of the year jumped by 48 percent to $1 billion from $678 million in the same period last year, pushing net income attributable to shareholders to expand by 144 percent to $326.7 million from $134 million year-on-year.

Revenues in the six-month period alone jumped by 44 percent to $1.89 billion from $1.31 billion, while net income attributable to shareholders increased by 126 percent to $540.7 million from $239.6 million year-on-year.

“This was a phenomenal quarter. We continue to see the astonishing impact of AI leverage,” said Palantir Technologies Inc. (NASDAQ:PLTR) co-founder and CEO Alex Karp.

Palantir Technologies (PLTR) Soars as Quarterly Revenues Breaks Past $1-Billion Revenue Mark

For the third quarter, Palantir Technologies Inc. (NASDAQ:PLTR) expects revenues to hit $1.083 billion to $1.087 billion, while the full-year was pegged at $4.142 billion to $4.15 billion.

While we acknowledge the potential of PLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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