Palantir reported more than 50% growth in earnings from U.S. government contracts last quarter, boosted by the White House’s push for cost-cutting and adoption of artificial-intelligence technology. The company,

Chief executive Alex Karp said Palantir’s business has “accelerated rapidly” after it reported $1 billion in quarterly revenue for the first time.

Shares of Palantir Technologies (Nasdaq: PLTR) are surging to new highs after the company reported better-than-expected Q2 2025 results. During the quarter, the AI software company saw its revenues surge nearly 50% and surpass more than a billion dollars—the company’s first quarterly 10-figure haul in its history.