Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Palantir increased more than 21% on Tuesday to a record after informing Fourth room stronger than expected Results and guidance driven by continuous artificial intelligence profits.
The movement pushed its market capitalization at a short distance from IBM and Cisco systems.
The Denver -based software company published adjusted earnings of 14 cents per share and $ 828 million in revenues. That exceeded 11 cents per share and the income of $ 776 million expected by the analysts surveyed by LSE.
Palantir also issued an optimistic guide for the current quarter and the full year. In the first quarter, the company predicted income between $ 858 million and $ 862 million. The Estimation of LSE required $ 799 million. The company projects sales from $ 3.74 billion to $ 3.76 billion for the entire year, before an estimate of $ 3.52 billion.
The software company has been in record execution, with its shares increasing 340% in 2024 as its AI platform gained traction amid the emotion of inverters in progress around the technological trend. Palantir provides software and technology services and is better known for its work with defense agencies.
In a letter to the shareholders, the co -founder and CEO Alex Karp described the impulse within its commercial and governmental segments “unlike everything that has come before.”
The company reported a 64% growth in its US commercial income, while the US government revenues increased 45% year after year. Palantir predicted the 54% growth of commercial sales of the United States in 2025.
“We are at the beginning of our trajectory, we are at the beginning of a revolution, and plan Profit call.
Karp said that Palantir is “very long America” and the avant -garde of making the country “more lethal” to scare the adversaries.
Their comments occur after Depseek escalation in popularity last week shook the financial markets and expressed concerns about the high costs associated with AI models.
“I hope he wakes up to the United States,” Karp told Morgan Brennan from CNBC. “The fact that we are the first engine and we have the best technological scene, and we are the inventors and we are the builders, it does not mean that the adversaries cannot copy, and we have to continue working.”
Several Wall Street companies lifted their price objectives in the shares following the report. Mariana Pérez Mora de Bank of America described the company as AI “Value Adder” and raised its target price, while Morgan Stanley improved actions equally weight weight, low weight,
“Given the strength of perspectives, we recognize that we were wrong about our central fundamental catalyst of decelerating growth below the level of 30% due to the most difficult comparisons in 2025,” wrote the analyst Sanjit Singh. “This leaves us with the assessment as the main remaining concern.”