# Palantir Stock Surges 29% as CEO Alex Karp Calls Q2 Results "Otherworldly"

*2026-08-04 22:01 UTC · Business · 1 min read*

> Palantir shares jumped 29% after Q2 revenue nearly doubled to $1.9 billion, driven by soaring demand for sovereign AI tools that keep data off frontier AI labs' servers.

Palantir Technologies shares skyrocketed 29% on Tuesday after the data-analytics firm posted second-quarter revenue of $1.9 billion, up 93% year-over-year and well ahead of Wall Street estimates. U.S. commercial revenue jumped 149% to $764 million, while U.S. government revenue rose 90% to $809 million.

CEO Alex Karp called the quarter "otherworldly," crediting surging demand for "sovereign AI" tools that let companies and governments run AI systems on their own infrastructure while keeping data away from frontier AI labs like OpenAI, Google, Anthropic and Meta. The company closed 220 deals worth $1 million or more, including 73 deals above $10 million, pushing total contract value to $3.4 billion, up 49% from a year earlier.

Palantir posted GAAP net income of $1.1 billion, a 55% margin, and raised its full-year revenue guidance to $8.15-$8.16 billion. Its "Rule of 40" score — a common software-industry health metric combining growth and profitability — hit 155%, far above the 40% threshold considered strong.

## Sources

- [investinglive.com](https://investinglive.com/stocks/palantir-revenue-jumps-93-as-karp-hails-otherworldly-quarter-raises-guidance/)
- [cnbc.com](https://www.cnbc.com/2026/08/04/palantir-2q-earnings-ai-sovereign-tools.html)

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TechTools News · https://techtools.cz/tools/news/article/2132-palantir-stock-surges-29-as-ceo-alex-karp-calls-q2-results-otherworldly
Česká verze: https://techtools.cz/tools/news/clanek/2205-akcie-palantiru-vyskocily-o-29-pote-co-sef-alex-karp-oznacil-vysledky-za-2