PLTR: Palantir Breaks $1 Billion Revenue Milestone--Is This Just the Beginning?

Oct 3 - Palantir Technologies PLTR is turning heads again, not just because of the AI hype cycle, but because the company is stacking real wins that could shape its long-term growth story.

Shares of PLTR have surged more than 20% over the past month, outpacing the broader market, and the company's latest updates show why investors are paying attention.

The biggest development came this summer when the U.S. Army signed a 10-year Enterprise Agreement with Palantir worth up to $10 billion. The deal streamlines what had been 75 separate contracts into one framework, giving Palantir both visibility and efficiency as it becomes a core software provider for the Army. While the $10 billion is a ceiling, not a guaranteed spend, the move signals confidence in Palantir's role as a defense software partner.

At the same time, Palantir's commercial momentum is accelerating. In Q2 2025, U.S. commercial revenue jumped 93% year-over-year to $306 million, pushing total revenue past $1 billion for the first time. The company also expanded its industrial partnerships with Boeing BA and Archer Aviation ACHR, proving its AI platform can serve not only governments but also complex manufacturing and next-gen aviation.

That growth comes with risks. It is highly valued and trades in excess of 600x trailing earnings, and stock based compensation is an issue. But boasting a cash balance of $6 billion and zero debt, Palantir is flexible to handle dilution and remunerate shareholders in the future.

Even today, PLTR is considered a highly followed AI infrastructure player in the government, the aerospace and commercial markets, a trio relatively unmatched by competitors.