On February 3, Palantir stock surged by 22% in extended trading following the release of the Q4 earnings report. Palantir’s Q4 earnings report surpassed the expectations of Wall Street analysts. Palantir’s fourth-quarter performance exceeded expectations and gave a positive forecast. The company predicts revenue between $858 million and $862 million, surpassing the $799 million estimate.
For the full year, Palantir expects sales of $3.74 billion to $3.76 billion, higher than the $3.52 billion estimate. Alex Karp, CEO of Palantir said, “Our business results continue to astound, demonstrating our deepening position at the center of the AI revolution. Our early insights surrounding the commoditization of large language models have evolved from theory to fact.”
Palantir’s Q4 Earnings Report
Palantir majorly provides software and technological services to defense agencies. CEO Karp gave credit to artificial intelligence for the company’s success. Per the Q4 earnings report, Palantir’s revenue grew 36% this quarter, reaching $608.4 million, and 29% for the full year. Karp mentioned that the company’s growth in both the commercial and government sectors is significant.
U.S. commercial revenue soared 64% to $214 million, while U.S. government revenue rose 45% to $343 million. Palantir expects U.S. commercial sales to grow by at least 54%, reaching around $1.08 billion in 2025. Karp said, “We are still in the earliest stages, the beginning of the first act, of a revolution that will play out over years and decades. We have been preparing for this moment diligently for more than twenty years.”
Palantir’s Growth Soars with AI Boom
Palantir growth has been soaring following the AI boom, which started with the launch of OpenAI’s ChatGPT in 2022. In one of the recent interviews, Karp mentioned that Palantir will lead the transformation of American companies and his prime objective is to boost the US as a global leader in artificial intelligence.
Talking about DeepSeek’s impact on the market in the last few weeks and how it has disrupted the US-based AI and technology companies. Karp said, “We have to accept that technology is not inherently good and that means that we have to run harder, run faster, and make an effort together as a country.”
Palantir Stock Surge
Following the earnings result, Palantir stock surged by 22% on Monday in the extended trading. As of February 3, Palantir stock is trading at $83.74, up 1.52% from the opening price. The stock reached a high of $84.25 and a low of $78.47 on the same day. Over the past week, the stock has seen a positive trend, with a 5-day performance showing an increase of 4.44%. Looking at the yearly performance, Palantir stock has demonstrated significant growth, with a 52-week change of +392.77%.
