Palantir’s Q2 earnings show a 48% revenue increase, reaching nearly $1 billion, with U.S. commercial sales up 93% to $306 million. Full-year guidance raised to $4.14-$4.15 billion. CEO Alex Karp hails it as the highest revenue growth in company history. Palantir shares rise 140% in 2025, gaining mainstream AI recognition.

Palantir secures a significant defense contract with Boeing to deploy its Foundry AI system across BDS division facilities. The platform streamlines data integration for quicker production cycles and unified oversight. The partnership includes AI support for classified defense missions, enhancing national security efforts.

Palantir’s M&A strategy leans towards partnerships over acquisitions, with no major deals disclosed in 2024 or Q1 2025. Capex includes $12.6 million in property and equipment in 2024 and $7.6 million in Q2 2025. Notable partnerships include a £750 million UK Ministry of Defence deal and collaborations with NATO, Fannie Mae, and The Nuclear Company.

Read more at Yahoo Finance: Palantir lands surprise AI deal with 109-year-old titan