Palantir Secures $10 Billion Army Deal and Shatters Revenue Records—Can the Rally Keep Going?

Palantir Technologies delivered a record-breaking performance in the second quarter of 2025, surpassing $1 billion in quarterly revenue for the first time and marking a 48% year-over-year increase. The results were powered by exceptional growth in the U.S., which accounted for 68% of total revenue, reflecting the company’s deliberate focus on domestic markets. The standout segment was U.S. commercial, which posted a staggering 93% revenue increase from a year earlier and a 20% sequential rise, driven by the rapid adoption of Palantir’s AIpowered platforms such as Ontology and Foundry. These technologies are transforming operations in industries like healthcare, automotive, and financial services by streamlining workflows, accelerating onboarding, and enhancing fraud detection. Major wins during the quarter included a $218 million U.S. Space Force contract and a landmark 10-year, $10 billion enterprise agreement with the U.S. Army that consolidated 75 existing contracts, cementing Palantir’s role as a critical defense technology partner.