- Ziggma
- Posts
- 🗞️ Palantir Crushes Q2 Estimates
🗞️ Palantir Crushes Q2 Estimates
Palantir, Berkshire, Spotify and more! How to get $1,000 in NVDA stock.
In partnership with
Market Performance
S&P 500: 6,329.94 (+1.47%)
Nasdaq: 21,053.58 (+1.95%)
Dow Jones: 44,173.64 (+1.34%)
Palantir Crosses $1 Billion in Quarterly Revenue
Palantir (PLTR) just hit $1 billion in quarterly revenue for the first time, crushing Wall Street estimates and sending shares up 4.5% after hours.
The AI software giant's revenue skyrocketed 48% year-over-year, with analysts not expecting this milestone until Q4.
CEO Alex Karp dropped a bombshell on CNBC, revealing plans to achieve "10x revenue with just 3,600 people", down from their current 4,100 employees.
That's the kind of AI-driven efficiency revolution we've been talking about.
So, what's driving this surge?
Trump's government efficiency campaign is a goldmine for Palantir. U.S. government revenues jumped 53% to $426 million, while commercial revenues nearly doubled to $306 million.
The company also secured a massive $10 billion Army contract last week.
Our Takeaway
Palantir's astronomical valuation (276x forward earnings) reflects investors betting big on AI infrastructure.
While the premium is steep, the company's ability to deliver exponential growth while reducing headcount showcases the transformative power of AI in enterprise software.
Big investors are buying this “unlisted” stock
When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. That’s why the same VCs who backed Uber, Venmo, and eBay also invested in Pacaso.
Disrupting the real estate industry once again, Pacaso’s streamlined platform offers co-ownership of premier properties, revamping the $1.3T vacation home market.
And it works. By handing keys to 2,000+ happy homeowners, Pacaso has already made $110M+ in gross profits in their operating history.
Now, after 41% YoY gross profit growth last year alone, they recently reserved the Nasdaq ticker PCSO.
Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.
Market Overview
Monday delivered a much-needed bounce-back as all three major indices surged, with the Dow wiping out Friday's losses entirely.
The rally came after Friday's market turbulence triggered by a disappointing jobs report and fresh tariff concerns from the Trump administration.
Investors found relief in dovish comments from DoubleLine's Jeffrey Gundlach, who maintained his base case for two Fed rate cuts this year despite weakening economic data.
However, strategists warn this could be the calm before the storm. Wolfe Research notes we're entering a "bad news is bad news" environment where weak economic data weighs on performance more than Fed cut expectations.
With August and September historically being the market's worst two-month stretch, buckle up for potential volatility ahead.
Stock Moves Deciphered 📈
Figma (FIG) — The design software stock plunged 22% as IPO euphoria faded, giving back gains from last week's blockbuster debut that saw shares triple.
American Eagle Outfitters (AEO) — The retailer surged 19% after President Trump praised its controversial Sydney Sweeney ad campaign as the "HOTTEST ad out there" on social media.
Spotify (SPOT) — The music streaming giant gained 4% following the announcement of premium subscription price increases in several international markets to boost revenue per user.
Headlines You Can't Miss
OPEC+ agreed to hike oil production by 547,000 barrels daily for September amid supply concerns.
EU will suspend planned U.S. countermeasures for six months following trade negotiations.
Tyson Foods shares jumped 4% after beating Q3 earnings expectations at 91 cents vs 80 cents expected.
Wayfair surged 12% on strong Q2 results with 87 cents EPS vs 33 cents expected, highest growth since 2021.
30 S&P 500 stocks hit new 52-week highs Monday, including AutoZone, DoorDash, and eBay.
India calls out EU and U.S. trade with Russia after Trump threatens steeper tariffs on New Delhi.
Trending Stocks
Berkshire Hathaway (BRK.A) — Shares fell 3% after Warren Buffett's conglomerate reported a 4% decline in operating earnings to $11.16 billion, impacted by weak insurance underwriting results.
The company warned that steep U.S. tariffs could hurt its businesses, citing "considerable uncertainty" from developing trade policies.
CEO Quote🎤: “It is reasonably possible there could be adverse consequences on most, if not all, of our operating businesses, as well as on our investments in equity securities, which could significantly affect our future results.”
Idexx Laboratories (IDXX) — The veterinary diagnostics company soared 26% after crushing Q2 expectations with $3.63 EPS versus $3.30 expected and revenue of $1.11 billion, beating estimates of $1.07 billion.
CEO Quote🎤: “We saw exceptional momentum with IDEXX InVue Dx™ placements, exceeding expectations as veterinarians adopted this slide-free technology to streamline workflows and gain faster, more accurate clinical insights.”
ON Semiconductor (ON) — Shares tumbled 15% despite meeting Q2 earnings expectations of $0.53 per share on revenue of $1.47 billion.
Investors focused on the disappointing Q3 guidance of $0.54-$0.64 per share versus analyst estimates of $0.58, signaling continued semiconductor sector headwinds.
CEO Quote🎤: “Our ongoing transformation is resulting in a more predictable business model, reflecting the strength of our strategy and our commitment to long-term value creation. We are beginning to see signs of stabilization across our end markets, and we remain well-positioned to benefit from a market recovery.”
What’s Next?
Key Earnings Today 👇
Advanced Micro Devices (AMD): Q2 revenue forecast at $7.43 billion vs. $5.83 billion last year. Adjusted earnings are expected to narrow from $0.69 per share to $0.48 per share.
Caterpillar (CAT): Q2 revenue forecast at $16.26 billion vs. $16.7 billion last year. Adjusted earnings are expected to narrow from $5. per share to $11.89 per share.
Arista Networks (ANET): Q2 revenue forecast at $2.11 billion vs. $1.69 billion last year. Adjusted earnings are expected to grow from $0.52 per share to $0.65 per share.
Track upcoming news and earnings on your portfolio companies with Ziggma.
Chart of the Day
Source: Visual Capitalist
Meme of the Day
Great investing starts with great information.
Forward The Market Scoop to anyone who wants to stay ahead of the market through a pertinent and entertaining newsletter format.
DISCLAIMER: None of this is financial advice. The newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.