Palantir topped Wall Street's fourth-quarter estimates as more businesses and the U.S. government race to buy its artificial intelligence tools.
Shares rose about 7%.
Here's how the company did versus LSEG estimates:
Earnings per share : 25 cents adjusted vs. 23 cents expected
: 25 cents adjusted vs. 23 cents expected Revenue: $1.41 billion vs. $1.33 billion expected
Revenue grew 70% from $827.5 million in the year-ago period. For the fiscal year, sales at the Denver-based firm totaled $4.48 billion
U.S. revenue for the government and commercial sectors rose to $570 million and $507 million, respectively. Those results steadily beat estimates from analysts polled by FactSet.
CEO Alex Karp called the earnings "indisputably the best results that I'm aware of in tech in the last decade" during an interview with CNBC's Morgan Brennan.
"If you're not spending it on this, you're not spending on something that is part of keeping up with momentum," he added.
Looking forward, the AI-powered software provider said it expects $1.532 billion to $1.536 billion in revenue for the first quarter, well above the $1.32 billion projected by FactSet. For fiscal 2026, the company guided to a range of $7.182 billion to $7.198 billion in revenue, beating the FactSet expectation of $6.22 billion.
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