Palantir Technologies Reports Strong Q4 Results
Palantir Technologies (NASDAQ: PLTR) reported a record revenue of $1.4 billion for its fourth quarter, marking a 70% year-over-year increase and exceeding Wall Street expectations of $1.34 billion. The earnings per share (EPS) rose to $0.25, surpassing analyst estimates of $0.23. This quarter marked Palantir’s 10th consecutive period of accelerating revenue growth.
Key highlights include a 66% year-over-year increase in U.S. government revenue to $570 million and a substantial 137% growth in U.S. commercial revenue, reaching $507 million. The company also secured 180 deals worth at least $1 million, resulting in a record $4.26 billion in total contract value and a remaining performance obligation of $4.21 billion, a 143% increase year-over-year.
Looking ahead, Palantir projects a 61% revenue growth to $7.19 billion by 2026, emphasizing its role in strengthening AI integration within enterprises. However, concerns regarding its high valuation persist, as the stock trades at 146 times forward earnings.
