Palantir (PLTR) reported quarterly revenue that beat analysts’ expectations and raised its full-year outlook on strong demand for its artificial intelligence software.
The company reported first-quarter revenue of $884 million, up 39% year-over-year and above the analyst consensus from Visible Alpha. Adjusted earnings per share of 13 cents, rose from 8 cents per share a year earlier, in line with Wall Street’s estimates.
Palantir projected second-quarter sales of $934 million to $938 million, and full-year revenue of $3.89 billion to $3.9 billion, up from $3.74 billion to $3.76 billion previously. Wall Street analysts had called for $898.16 million for the second quarter and $3.75 billion for the full year.
“The rush towards large language models, as well as the foundational software architecture that is capable of making them valuable to large organizations, has turned into a stampede,” CEO Alex Karp said in a letter to shareholders.
“We believe our results are indicative of a revolution sweeping across our business and industry,” he said.
Last month, the North Atlantic Treaty Organization last month said it acquired Palantir’s AI-enabled military system, helping ease investor concerns that Europe may rely less on American defense contractors like Palantir amid an uncertain trade outlook.
Palantir shares wavered between gains and losses in after-hours trading. The stock was up over 63% for 2025 through Monday’s close.
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