Palantir Technologies Inc. reported its first quarterly revenue exceeding $1 billion in the second quarter of 2025, marking the largest quarter in the company's history. The company achieved 48% year-over-year revenue growth, surpassing estimates by 7%, driven by strong performance in both U.S. commercial and government segments. Earnings per share more than doubled, and the company raised its full-year revenue guidance, projecting approximately $4.15 billion in revenue for fiscal year 2025. Palantir's stock surged over 8% following the earnings report, reaching multiple intraday and closing all-time highs, and pushing its market capitalization above $400 billion. The company attributed its revenue growth and profitability to an “astonishing” impact from artificial intelligence. Palantir also secured a $10 billion contract with the U.S. Army, further strengthening its position in defense and AI sectors. The company's stock has risen nearly 135% year-to-date, with related leveraged ETFs up close to 300%, reflecting strong investor confidence in Palantir's accelerating topline growth and future prospects.