Palantir Q2 revenue surges 93%, stock jumps 13%

Palantir's Q2 revenue surged 93% year over year to $1.94 billion, beating estimates, with U.S. commercial revenue up 149% to $764 million. Net income hit $1.07 billion, or 41 cents per share. The company raised full-year revenue guidance to $8.15-$8.16 billion.