Palantir · CNBC Technology
Palantir tops estimates on 85% revenue growth, fastest expansion since market debut in 2020
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Palantir reported first-quarter results on Monday that sailed past analysts' expectations, and also issued guidance that topped estimates.
Key facts
- The company sees $7.65 billion to $7.66 billion in 2026 revenue, an annual jump of 71% and higher than the $7.27 billion LSEG consensus
- Net income roughly quadrupled to $870.5 million, or 34 cents per share, from $214 million, or 8 cents per share, a year earlier
- The company now anticipates $4.2 billion to $4.4 billion in adjusted free cash flow, above StreetAccount's $4.05 billion consensus
- Commercial revenue from U.S. clients totaled $595 million in the quarter, up 133% from a year ago but below StreetAccount's consensus of $605 million
Summary
Here's how the company did compared to analyst estimates as compiled by LSEG:. Palantir's revenue grew about 85% in the quarter, according to a statement, marking the fastest increase in sales since at least 2020, the year the company went public through a direct listing. Net income roughly quadrupled to $870.5 million, or 34 cents per share, from $214 million, or 8 cents per share, a year earlier. Palantir, which has seen its market value soar in the past few years, also lifted its full-year guidance.