Palantir Technologies Inc. reported a 48% jump in second-quarter revenue to $1.004 billion, its first billion-dollar quarter. Adjusted earnings rose to $0.16 a share, beating the $0.14 consensus, while adjusted EBITDA reached $470.9 million. Growth was driven by the United States, where sales climbed 68% to $733 million. U.S. commercial revenue nearly doubled to $306 million and government revenue advanced 53% to $426 million. The company added 849 customers, a 43% increase, and closed $2.27 billion in contract value, up 140% year over year. Buoyed by demand for its artificial-intelligence software, Palantir lifted full-year revenue guidance to $4.14 billion–$4.15 billion from a prior range of $3.89 billion–$3.90 billion. Management forecast third-quarter sales of $1.083 billion–$1.087 billion, implying roughly 50% annual growth, and now expects up to $1.92 billion in adjusted operating income for 2025. The earnings beat and higher outlook sent Palantir shares up as much as 9% to a record high, pushing the company’s market value past $400 billion and extending a rally that has more than doubled the stock this year.