Palantir Technologies Inc. reported second-quarter results that exceeded analyst expectations and delivered its first billion-dollar quarter, underscoring accelerating demand for the company’s artificial-intelligence software. Shares rose roughly 4% in late trading, adding to a rally that has more than doubled the stock this year. Adjusted earnings climbed to $0.16 a share, beating the $0.14 average estimate, while revenue surged 48% from a year earlier to $1.00 billion, topping forecasts of about $939 million. Adjusted EBITDA reached $470.9 million, also ahead of consensus. Growth was led by the United States, where revenue jumped 68% to $733 million. Domestic commercial sales nearly doubled, rising 93% year-on-year, and U.S. government revenue advanced 53% to $426 million as agencies and companies adopted Palantir’s new AI-driven offerings. Citing “astonishing” AI-fuelled momentum, the Denver-based company raised its full-year revenue outlook to $4.14 billion–$4.15 billion from $3.89 billion–$3.90 billion and projected third-quarter sales of $1.083 billion–$1.087 billion, implying about 50% growth. Management now sees adjusted operating income for 2025 reaching up to $1.92 billion.