Palantir (PLTR) Revenue Up 93%, Stock Price Unchanged at $176

Palantir's (PLTR) revenue increased 93% year over year to approximately $1.94 billion in Q2, driven by a 149% growth in U.S. commercial revenue to $764 million. Operating income more than tripled from $269 million to $912 million, raising the operating margin from 27% to 47%. Despite this significant financial growth, the company's market capitalization remains around $420 billion, leading to a decline in the sales multiple from about 100 times to 52 times guided sales for 2023. For ordinary investors, this indicates a potential buying opportunity given the substantial revenue growth alongside a stagnant stock price.

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