Rubbish Check
CNBC Top News · 3 August 2026 source

“Palantir soars 12% on blowout quarter, with U.S. commercial revenue soaring nearly 150%”

R2/ 10
Lightly altered
Rubbish Rating — 1 = base fact, 10 = pure rubbish
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In short
Rubbish Talk rates CNBC's claim that Palantir "soars 12% on blowout quarter, with U.S. commercial revenue soaring nearly 150%" a 2/10 because every figure in the headline, the 12% stock pop, the 149% commercial revenue growth, matches the company's own reported numbers exactly.
The Verdict
Lightly altered. The headline's numbers are the base fact: a 12% stock move and 149% commercial growth are both stated directly in the article and match the reported quarter. The only iteration away from pure fact is the word "blowout," a subjective label, but it's a defensible one given the scale of the beats.

What actually happened

Palantir beat second-quarter estimates on both revenue and earnings, and its stock jumped 12% on the release. U.S. commercial revenue, the segment investors watch most closely as evidence the company can grow beyond government contracts, grew nearly 150% year-over-year. Management also raised full-year guidance.

Key facts

  • Adjusted EPS: 41 cents vs. 35 cents expected (LSEG)
  • Revenue: $1.94 billion vs. $1.80 billion expected; up 93% year-over-year from about $1 billion
  • U.S. commercial revenue: $764 million, up 149% year-over-year, up 380% since 2024 on a compounded basis
  • U.S. government revenue: $809 million, up 90% year-over-year
  • Net income: $1.07 billion (41 cents/share) vs. $329 million (13 cents/share) a year ago
  • Full-year revenue guidance raised to $8.15-8.16 billion from $7.65-7.66 billion
  • Stock still down 29% year-to-date heading into this report

What to watch for

  • The 380% compounded commercial-revenue figure since 2024 is impressive but rests on a small base; watch whether growth rates decelerate as the denominator grows.
  • The full-year guidance raise (about 6.5%) is modest next to the quarter's 93% revenue growth, worth watching if that gap narrows investor enthusiasm next quarter.
  • The 29% year-to-date stock decline sits outside the headline's frame entirely; a single quarter's pop doesn't resolve the broader AI-valuation concerns CNBC itself notes drove that slide.
About this scoreThe R-Score is Rubbish Talk's editorial opinion on how far a headline's framing sits from what the underlying facts support. It is a judgement about presentation and emphasis, not an allegation that any outlet has acted dishonestly. Every figure we rely on is linked under Receipts so you can check it yourself.
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