Palantir Technologies Inc. reported its first billion-dollar quarter as second-quarter revenue rose 48 percent from a year earlier to $1.004 billion, surpassing the $939 million average analyst estimate. Adjusted earnings climbed to $0.16 a share, also ahead of forecasts, while adjusted EBITDA reached $470.9 million and net income came in at $327 million. The acceleration was driven by U.S. demand. Revenue from the United States jumped 68 percent to $733 million, with commercial sales almost doubling to $306 million and government revenue up 53 percent to $426 million. Palantir closed $2.27 billion in contract value during the period, a 140 percent increase, and expanded its customer base by 43 percent year on year. On the back of the strong results, the Denver-based software company lifted its full-year outlook for a second time in 2025. Management now expects revenue of $4.14 billion to $4.15 billion, up from the previous $3.89 billion to $3.90 billion range, and forecast third-quarter revenue of $1.083 billion to $1.087 billion together with adjusted operating income of up to $497 million. The earnings beat and higher guidance sent Palantir’s shares up about 8 percent to a record high above $170 in New York trading, valuing the company at more than $400 billion. The stock has gained more than 130 percent this year amid investor optimism that growing defense spending and corporate adoption of artificial-intelligence tools will sustain the firm’s rapid expansion.