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Palantir Surges on Big Q4 Beat, Lifts 2026 Sales Forecast

Strong U.S. adoption of its AI platform drove the beat, lifting guidance for 2026.

Overview

  • Q4 revenue reached $1.41 billion with adjusted EPS of $0.25, topping estimates that called for $1.33 billion and $0.23.
  • U.S. government revenue was $570 million and U.S. commercial revenue was $507 million, reflecting 66% and 137% year-over-year growth, respectively.
  • GAAP net income was about $608–$609 million for the quarter, marking one of the company’s strongest profitability showings to date.
  • Palantir guided Q1 2026 revenue to $1.532–$1.536 billion and full-year 2026 to $7.18–$7.20 billion, sending shares up roughly 10%–12% in early trading.
  • Recent wins include an up-to-$10 billion U.S. Army deal, a $448 million Navy ShipOS agreement, and a partnership with Nvidia, even as valuation concerns persist and CEO Alex Karp defended the firm’s work with ICE.