Palantir tops estimates on 85% revenue growth, fastest expansion since market debut in 2020
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- Palantir posted Q1 revenue of $1.63 billion, an 85% jump over the prior year and the fastest since its 2020 debut.
- Alex Karp said net income surged to $870.5 million, or $0.34 per share, up from $214 million a year earlier.
- Palantir raised its full‑year adjusted free‑cash‑flow guidance to $4.2‑$4.4 billion, topping StreetAccount’s $4.05 billion consensus.
- U.S. Army secured a contract worth up to $10 billion over ten years, underscoring Palantir’s AI role in the escalating Iran‑Middle‑East conflict.
- Palantir projected 2026 revenue of $7.65‑$7.66 billion, a 71% annual increase, exceeding the $7.27 billion consensus.
Why it matters: Palantir's $87 million net income boost and $4.2‑$4.4 billion free‑cash‑flow outlook give investors a high‑growth tech play, while US defense contractors see increased demand for AI, tightening competition for talent.
