Overview
- Palantir reported Q1 revenue of $884 million, up 39% year-over-year, and net income of $214 million with adjusted earnings of $0.13 per share.
- U.S. commercial revenue surged 71% year-over-year in Q1 to exceed a $1 billion annual run rate for the first time.
- The company guided full-year sales growth of 36% and projected U.S. commercial revenue growth of 68%.
- Palantir’s Artificial Intelligence Platform has driven expansion into finance, logistics and healthcare through new enterprise partnerships such as Bolt Financial.
- Shares trade at a price-to-sales ratio near 97, signaling investor optimism tempered by valuation concerns.