Palantir just pulled off a major flex. In its latest earnings report, the company clocked over $1 billion in revenue for Q2, a 48% jump from last year and well ahead of what anyone on Wall Street was expecting. Profits came in stronger too, with adjusted earnings per share landing at $0.16 instead of the predicted $0.14.
CEO Alex Karp didn’t hold back. He made it clear the critics are now quiet, and Palantir’s AI push is gaining serious traction.
What’s Fueling the Growth
A huge part of that momentum is coming from Uncle Sam. Revenue from U.S. government deals rose 53%, reaching $426 million. Think defense contracts, national security projects, the kind of long-term work that gives investors confidence.
But it’s not just the public sector. Commercial revenue almost doubled, growing 93% to $306 million. More businesses are leaning into Palantir’s AI tools, especially giants like GE Aerospace and Citibank.
Looking Ahead
The company is so confident, it bumped up its full-year forecast to around $4.15 billion, way up from earlier estimates closer to $3.9 billion. For Q3 alone, it’s expecting between $1.083 and $1.087 billion, comfortably above market guesses.
The Stock’s on Fire — But Is It Too Hot?
Investors responded fast. The stock jumped 4 to 5% in after-hours trading, touching new highs between $161 and $168. Palantir is now the best-performing stock in the S&P 500 this year.
But here’s the catch: its valuation is sky-high. It’s trading at 80 times forward earnings, making even bullish analysts pause. The business looks strong, but the price tag? That’s still up for debate.
Nvidia and Broadcom Hold Steady Despite Tariffs
On the other side of the tech world, Trump’s latest tariff announcement caused some ripples — especially for chipmakers like Nvidia and Broadcom. Still, neither seems rattled.
Nvidia is expected to post 47% profit growth and a 52% jump in revenue. Broadcom, while a bit more modest, is also on solid ground with expected growth of 24% in earnings and 21% in revenue.
What’s really turning heads is Broadcom’s AI chip division. It’s on track to grow more than 60% and could generate up to $30 billion next year. That’s serious momentum, and it’s putting Broadcom in the spotlight beyond the usual AI heavyweights.
So, What’s the Real Story Here?
Palantir is having a moment. Its bet on AI is paying off, both in public sector deals and enterprise adoption. There’s even talk of a $10 billion Army contract on the horizon. That kind of firepower explains the stock rally, even if some still worry it’s overheated.
Meanwhile, Nvidia and Broadcom are proving they can weather political noise. Tariffs or not, the demand for AI infrastructure is growing fast, and both companies are in the thick of it.
Bottom Line
Palantir has scale and swagger right now. The only question is whether investors will keep backing it at such a premium.
As for Nvidia and Broadcom? They’re quietly doing what smart companies do — building strong, future-ready businesses while the world watches Palantir take the spotlight.
Earnings season just proved something important: in tech, real growth speaks louder than short-term fear.
