"Annual revenue will gain 61% to about $7.19 billion, the Denver-based company said Monday in a statement. Analysts, on average, estimated $6.27 billion. Palantir forecast sales in the current quarter of about $1.53 billion, which also beat expectations. The shares increased 4.8% at 10:01 a.m. in New York on Tuesday. The stock had dropped 29% from its November peak, reached right before Palantir last reported results, and was down 17% to start 2026 through the close."
"Speaking to investors after the results were reported, Chief Technology Officer Shyam Sankar said the use of Maven an AI-enabled mission control system for the US military in which Palantir plays a significant role is at an all-time high. The system, which can enable AI to help identify targets among other functions, will continue to be rolled out this year, he said. The company's role in assisting Trump's mass deportation of immigrants has also made it a lightning rod for criticism, which has accelerated in recent weeks after federal agents fatally shot two protesters in Minneapolis."
"Still, the shares trade for about 141 times expected earnings, among the highest in the S&P 500. Palantir, which relies on government contracts for the lion's share of its US revenues, also saw fourth-quarter revenue grow 70% to $1.41 billion, it said in the statement. Earnings per share were 25 cents, which beat the average estimate of 23 cents."
Palantir forecast fiscal 2026 annual revenue of about $7.19 billion, a 61% gain that exceeded the average analyst estimate of $6.27 billion. The company projected quarterly sales near $1.53 billion and reported fourth-quarter revenue growth of 70% to $1.41 billion. Earnings per share were $0.25, above the $0.23 estimate. Shares rose after the forecasts despite a prior 29% drop from a November peak and a 17% decline to start 2026. The shares trade near 141 times expected earnings. The use of Maven, an AI-enabled mission control system for the US military in which Palantir plays a significant role, is at an all-time high and will continue to be rolled out this year. Palantir relies heavily on US government contracts, supplies services to immigration enforcement, and maintains global defense partnerships, which has drawn criticism amid recent deadly protests.
Read at www.mercurynews.com
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