Palantir's Revenue Growth Accelerates to 93% as AI Demand Surges

Palantir ($PLTR) generated more revenue in Q2 2026 than it did throughout the entirety of 2022. Revenue growth has now accelerated for four consecutive quarters, reaching 93%, defying expectations that growth would begin to slow.
A key part of CEO Alex Karp's thesis is "commodity cognition": as AI models become cheaper and more capable, the competitive advantage shifts toward software that can translate AI intelligence into measurable business outcomes.
Palantir's AI Platform (AIP) is central to this strategy, positioning the company around the practical deployment of AI across businesses rather than the models themselves.