MongoDB reported Q2 revenue of $591.4 million, a 24% year-over-year increase, and adjusted earnings of $1.00 per share, beating estimates. Atlas cloud now accounts for 74% of revenue and grew 29% year-over-year, driven by demand for scalable database solutions in AI applications. The company raised full-year guidance to a midpoint revenue projection of $2.35 billion and adjusted EPS of $3.64–$3.73. Palantir reported Q2 revenue of $1 billion, up 48% year-over-year, with government revenue up 53% and commercial revenue up 93%, and customer count rose 69% to 593. Analysts caution about Palantir's high valuation and potential downside risk.
The company reported revenue of $591.4 million, a 24% year-over-year increase, beating analyst expectations of $554 million. MongoDB's Atlas cloud platform, which now accounts for 74% of revenue, grew 29% year-over-year, driven by robust demand for its scalable database solutions in AI-driven applications. The company also raised its full-year guidance, projecting revenue of $2.35 billion at the midpoint of the range it provided and adjusted earnings of $3.64 to $3.73 per share, signaling confidence in sustained growth.
In its Q2 report, Palantir reported 48% year-over-year revenue growth to $1 billion, with government revenue up 53% and commercial revenue soaring 93%. Customer count grew 69% to 593, reflecting strong adoption. However, skepticism persists. Royal Bank of Canada analyst Rishi Jaluria, in a recent note, flagged Palantir's price-to-sales ratio of 133 as unsustainable, predicting a potential 75% crash to $45 per share due to inconsistent commercial growth.
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