Palantir’s second-quarter revenue rose 93% to $1.94 billion, including a 149% gain in U.S. commercial revenue to $764 million. It raised its full-year forecast to $8.15 billion–$8.158 billion; the article warns its high valuation leaves little room for slower growth.
The new full-year range replaced prior guidance of $7.65 billion–$7.662 billion. The article says the valuation reflects expectations of multi-year growth; slower enterprise deals or customer spending could prompt a sharp share-price correction.
Palantir’s recent engagement with Mercury Systems aims to streamline material planning and factory workflows for large military projects in support of the U.S. Department of War. The work with defense suppliers is intended to boost productivity and shorten delivery times for critical components. Insider Monkey’s 13F data show hedge funds reporting PLTR holdings fell from 96 in Q1 2026 to 86 in the following quarter; reported short interest was 2.83%.
