Palantir Technologies Inc Stock Price, News & Analysis

Palantir Technologies Inc. reported robust financials for Q2 2022, highlighting a 26% year-over-year revenue growth to $473 million. Notably, US revenue surged 45% to $290 million, and commercial revenue soared 46%, with US commercial revenue skyrocketing 120%. The company closed total contracts valued at $792 million. Despite a $42 million operational loss, adjusted income from operations stood at $108 million, achieving a 23% margin. Looking forward, Palantir expects Q3 revenue between $474-$475 million and full year revenue of $1.9-$1.902 billion.

Palantir Technologies Inc. (NYSE: PLTR) is set to expand its partnership with the U.S. Army Research Laboratory, securing a contract valued at $99.9 million over two years. This collaboration aims to integrate data and AI/machine learning capabilities across combatant commands. Having initially partnered in 2018, the extension signifies growth in operational RDT&E work, allowing Palantir to enhance military technology for frontline users. Executives underscore the importance of maintaining technological superiority to meet current and future military challenges.

Palantir Technologies Inc. (NYSE: PLTR) will release its second quarter results for the year ending June 30, 2022 on August 8, 2022, before U.S. markets open. Following the announcement, a live webcast will be held at 6:00 AM MT / 8:00 AM ET to discuss the results. Investors can access the webcast and participate in a Q&A session by submitting questions in advance. For more information, visit investors.palantir.com.

Palantir Technologies (NYSE: PLTR) has been recognized as a Leader in AI/ML software platforms by Forrester in its Q3 2022 report. The company's Foundry operating system received top scores in product vision, performance, and market approach. Forrester highlighted Palantir's platform for its robust capabilities in security and governance of machine learning, making it a preferred choice for organizations with heavy data needs. COO Shyam Sankar emphasized this recognition as validation of Palantir's ongoing investments in AI/ML technologies.

Palantir Technologies (NYSE: PLTR) has secured a $36 million prime contract from the Army to prototype the Tactical Intelligence Targeting Access Node (TITAN). This contract spans 14 months and marks a significant step in integrating AI and ML into military operations. Palantir's Modular Open System Architecture (MOSA) will facilitate data fusion from multiple sensors, enhancing situational awareness for frontline forces. This initiative aims to support the Army's Joint All-Domain Command and Control (JADC2) strategy, positioning Palantir as a key player in defense technology.

Guidehouse has announced a strategic alliance with Palantir Technologies (NYSE: PLTR) to enhance public sector services. This partnership aims to integrate Guidehouse's consulting with Palantir's Foundry platform, driving digital transformation for clients. By leveraging Foundry, clients will gain access to robust data integration and analytics capabilities, facilitating efficient decision-making. The alliance seeks to solve complex business challenges and accelerate digital strategies across the public sector, positioning both companies for future growth.

Palantir Technologies Inc. (NYSE: PLTR) has been recognized as a top performer in the 2022 Dresner Wisdom of Crowds® Business Intelligence Market Study. Rated highly by customers, Palantir emerged as a leader in Customer Experience and Vendor Credibility, achieving a perfect recommend score. The company's software, Palantir Foundry, integrates data sources across various industries, enhancing organizational operations. This recognition highlights Palantir's commitment to meeting customer needs and demonstrates its software's effectiveness in complex data environments.

Palantir Technologies (NYSE:PLTR) has received a contract modification from the U.S. Space Systems Command, increasing its existing contract value by $53.9 million to a total of $175.4 million. This contract, awarded on May 24, 2022, supports national security objectives through March 2023. The funding enhances Palantir's Data-as-a-Service platform, which aids military decision-making and information sharing among the Air Force, Space Force, and NORAD-NORTHCOM. Palantir's president emphasizes the importance of this partnership in maintaining Western security.

Palantir Technologies Inc. (NYSE: PLTR) announced a strategic partnership with Stellantis N.V. (Euronext Paris: STLA) to deploy its Foundry operating system globally. This collaboration aims to enhance Stellantis' digital transformation, improving supply chain efficiency, vehicle quality, and marketing efforts across its 14 brands. Palantir Foundry will integrate data across Stellantis' operations, create a unified digital twin, and improve insights into parts availability. The agreement signifies the expansion of Palantir's role in Stellantis' ecosystem, focusing on sustainable mobility.