Palantir Just Hit $1 Billion in Quarterly Revenue. Here's How It Compares With the Magnificent Seven. Palantir delivered another blowout earnings report, sending the stock higher. Palantir ( PLTR 3.55%) has given shareholders plenty to celebrate once again.

Palantir Technologies Inc (NASDAQ:PLTR) shares are hitting new highs on Wednesday on continued momentum following the company's blowout earnings earlier this week. Here's what you need to know.

The firm, which has benefited from government cost cutting, saw strong revenue, but its price-to-earnings ratio could be a warning sign for investors. Shares of Palantir Technologies (Nasdaq: PLTR) are surging to new highs after the company reported better-than-expected Q2 2025 results.