Palantir shares spike on revenue and earnings beat

Palantir reported Q2 earnings above consensus, with revenue of $1.94 billion and US commercial business up nearly 150% YoY. The company raised full-year guidance across the board. CEO Alex Karp criticized competitors and emphasized an open source future. Shares spiked after the release. - Palantir Q2 adjusted EPS $0.41 vs. $0.35 estimate - Revenue of $1.94 billion beat expectations - US commercial revenue grew nearly 150% year-over-year - Full-year guidance raised across the board - CEO Karp doubled down on criticism of Anthtopic and OpenAI - Karp says global movement emerging toward open source to avoid vendor lock-in - Shares reacted positively in after-hours trading