Palantir Technologies has significantly increased its full-year revenue guidance, now anticipating between $8.15 billion and $8.16 billion. This upward revision follows a second quarter where the technology company's revenue nearly doubled.

Key to this performance is the substantial growth in U.S. commercial revenue, which is projected to increase by at least 134%, reaching $3.42 billion. This marks a considerable jump from Palantir's previous forecast of $7.65 billion to $7.66 billion for the full year. Analysts had, on average, expected $7.73 billion.

The company also reported a robust second quarter with a profit of $1.06 billion, or 41 cents per share, an increase from $326.7 million, or 13 cents per share, in the same period last year. The quarter concluded on June 30.