Palantir (PLTR) guided for third-quarter revenue of $2.160 billion to $2.164 billion, but the author considers that forecast conservative given its first-half results. In the first and second quarters, revenue beat the midpoint of guidance by about 6.4% and 7.5%, with second-quarter revenue reaching $1.935 billion, up 93% year over year. U.S. commercial revenue rose 149% to $764 million in the second quarter, and total contract value reached $3.37 billion. If sequential growth matches the 19% of the second quarter, third-quarter revenue would be about $2.3 billion, and the author will be watching whether it exceeds that level.
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