#revenue-forecast

#revenue-forecast

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.

During a Goldman Sachs technology conference in San Francisco, he said that the company has approximately $106 billion in contracts outstanding. According to him, more than half of that can be converted into revenue in the next two years. In the second quarter of 2025, parent company Alphabet reported $13.6 billion in revenue for Google Cloud, an increase of 32 percent over the previous year.