Palantir Technologies shares rose nearly 40% last week after the data analytics and artificial intelligence company reported second-quarter results that beat expectations. According to Sina Finance, the company said the results showed strong AI-driven growth.

Palantir's second-quarter revenue almost doubled, rising 93% year over year to $1.9 billion. U.S. government revenue increased 90% to $809 million, while U.S. commercial revenue jumped 149% to $764 million. Adjusted operating income rose 62% to $1.2 billion, and adjusted earnings per share came in at $0.41, above Wall Street expectations of $0.35.

CEO Alex Karp said the performance was surprising for any company and especially striking for one of Palantir's size, scale, and influence. He said Palantir offers customers a safer option than working directly with AI model developers such as OpenAI and Anthropic, adding that customers should retain maximum control over their operations, data, and decisions.

Strong results led Palantir to raise its full-year revenue target to nearly $8.2 billion, with U.S. commercial growth expected to reach at least 134%. Management also said adjusted operating income for 2026 was expected to be about $4.9 billion. Karp said the U.S. commercial business is very hot but still only at the beginning stage.