US artificial intelligence and data analytics company Palantir Technologies reported a 93% year-on-year surge in second-quarter revenue, despite mounting criticism over its support for Israel and the alleged use of its technology in the Gaza war, Anadolu reports.
Revenue reached $1.94 billion in the three months ended June 30, up from $1 billion a year earlier, the company said Monday.
Net income attributable to common shareholders more than tripled to $1.06 billion, while diluted earnings per share rose to $0.41 from $0.13.
Palantir’s US revenue climbed 115% year-on-year to $1.57 billion. US commercial revenue jumped 149% to $764 million, while government revenue increased 90% to $809 million.
“This quarter was otherworldly,” CEO Alex Karp said, citing accelerating demand for what the company calls “AI sovereignty.”
