Palantir Technologies Reports Strong Q1 2025 Results Amid Share Price Dip

Published 4 hours agoPLTR

Palantir Technologies Reports Strong Q1 2025 Results Amid Share Price Dip

Palantir Technologies posted impressive earnings for the first quarter of 2025, with revenue hitting $884 million, a 39% increase from last year and 2% above analyst predictions. Net income soared to $214 million, surpassing market forecasts by 20%. Despite these strong financials, Palantir's stock declined by over 9% in after-hours trading.

The company's U.S. government contracts played a significant role in the revenue boost, jumping 45% to $373 million, fueled by a substantial $178 million deal with the U.S. Army and a $30 million contract with U.S. Immigration and Customs Enforcement (ICE). U.S. commercial revenue also saw considerable growth, rising by 71% to $255 million.

CEO Alex Karp attributed the impressive revenue growth to the widespread adoption of artificial intelligence, which he described as "ferocious." The company has revised its full-year revenue forecast upwards to $3.89–$3.902 billion, outpacing Wall Street's expectation of a 31% increase. Despite this, Palantir's stock experienced a decline, attributed by analysts to the high investor expectations that the results did not fully meet, as reported by Reuters.

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