Palantir's PLTR Surges 4.14% on Record $13.39B Volume Ranks 6th in U.S. Market Activity

Palantir (PLTR) surged 4.14% on August 4, 2025, with a trading volume of $13.39 billion—a 41.06% increase from the prior day—ranking sixth in market activity. The rally followed the company’s second-quarter earnings report, which marked its first time surpassing $1 billion in quarterly revenue. Earnings per share reached $0.16, exceeding estimates of $0.14, while revenue of $1.004 billion outpaced forecasts and grew 48% year-over-year. U.S. commercial revenue rose 93% to $306 million, and government revenue climbed 53% to $426 million, both outperforming analyst expectations.

The stock’s performance was fueled by a $2.27 billion in total contract value closed during the quarter—a 140% year-on-year increase—and a revised 2025 revenue guidance of $4.14-$4.15 billion, above the $3.91 billion estimate. CEO Alex Karp highlighted the integration of AI into Palantir’s offerings as a key driver, emphasizing the synergy between language models, computing infrastructure, and real-world applications. The company also secured a $10 billion multi-year contract with the U.S. Army, described by Wedbush analyst Dan Ives as one of the largest Department of Defense software deals in U.S. history.

Despite concerns about valuation—trading at 24 times the S&P 500’s historical multiple—Palantir’s shares have surged 110% this year. The stock’s outperformance reflects strong demand for its AI-driven solutions in both public and private sectors. Analysts remain divided, with RBC’s Rishi Jaluria questioning the sustainability of its valuation absent further growth acceleration. However, Karp asserted that the company’s scale and growth trajectory are “nearly without precedent,” citing record quarterly revenue growth and expanding federal and commercial traction.

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