Palantir Technologies delivered its first billion-dollar quarter, reporting second-quarter revenue of $1.004 billion, a 48% year-over-year jump that topped the $939 million analysts expected. Adjusted earnings rose to $0.16 a share, beating projections of $0.14, while adjusted EBITDA reached $470.9 million. Net income more than doubled to roughly $328 million. Growth was led by the company’s U.S. operations, where revenue climbed 68% to $733 million. U.S. commercial sales nearly doubled, rising 93% to $306 million, and U.S. government revenue increased 53% to $426 million. Management said accelerating demand for its artificial-intelligence software helped close 157 contracts worth at least $1 million during the quarter. Buoyed by the results, Palantir lifted its outlook. It now projects third-quarter revenue of $1.083 billion to $1.087 billion, implying about 50% growth, and raised its full-year 2025 revenue target to $4.142 billion-$4.150 billion, up from a prior $3.89 billion-$3.90 billion range. Guidance for adjusted operating income increased to up to $1.92 billion, and the company expects U.S. commercial revenue to exceed $1.302 billion, at least 85% higher than a year earlier. Investors welcomed the beat-and-raise quarter. Palantir shares rose roughly 7-9% in the following session, touching a record intraday high near $176 and lifting the firm’s market value above $400 billion. The stock has more than doubled in 2025, making it one of the S&P 500’s strongest performers amid heightened interest in AI-driven software suppliers.