Palantir Technologies Inc. cleared a milestone in the June quarter, posting revenue of $1.00 billion—its first billion-dollar quarter—up 48% from a year earlier and ahead of the roughly $939 million Wall Street expected. The data-analytics group cited strong adoption of its artificial-intelligence software across government and commercial customers. Adjusted earnings climbed to $0.16 a share, beating the $0.14 consensus, while adjusted EBITDA reached $471 million. Net income more than doubled to about $327 million. Within the United States, revenue jumped 68% to $733 million, led by a 93% surge in commercial sales to $306 million and a 53% rise in federal contracts to $426 million. The company closed 157 deals worth at least $1 million during the quarter. Buoyed by what Chief Executive Officer Alex Karp described as the "astonishing impact" of AI, Palantir raised its full-year revenue outlook to $4.14 billion–$4.15 billion from a prior $3.90 billion range. It also forecast third-quarter revenue of $1.083 billion–$1.087 billion, implying 50% year-on-year growth, and guided adjusted operating income of up to $497 million. The stronger-than-expected results and upgraded guidance sent the shares up roughly 8% to a record high on Tuesday, boosting Palantir’s market capitalisation beyond $400 billion. The stock has gained more than 130% so far in 2025, outpacing both the technology sector and the broader S&P 500 as investors wager on the company’s ability to monetise AI-driven demand.