Palantir revenue jumps 93% to $1.94B

Palantir’s second-quarter revenue rose 93% year over year to $1.935 billion, while U.S. commercial revenue climbed 149% to $764 million. The company’s earnings release also reports a 62% adjusted operating margin and 73 deals worth at least $10 million. For operators watching OpenAI borrow Palantir’s forward-deployed playbook, the quarter is a hard demand signal: enterprise AI value is concentrating in vendors that can turn models into embedded operational systems, not merely sell token access.