Palantir Q2 earnings just made headlines by hitting a major milestone—crossing $1 billion in revenue for the first time. The company beat Wall Street expectations, driven by booming demand for its AI-powered defense and commercial platforms like AIP, Foundry, and Gotham. With over 110% YTD stock growth, Palantir has become a breakout leader in the S&P 500’s AI rally. Its strong government contracts and rapid commercial expansion show it's more than hype—it's delivering real-world AI solutions at scale. This quarter’s results firmly place Palantir Technologies as a top name in the fast-growing AI and national security tech space.