Palantir (PLTR, Financials) crossed the $1 billion quarterly revenue mark for the first time; lifted its 2025 forecast; and delivered another big win from the AI boom. Adjusted earnings were 16 cents a share; revenue surged 48% to $1 billion; both topped expectations.
The company now sees full?year revenue of $4.142 billion to $4.150 billion; well above its earlier view. U.S. revenue jumped 68% to $733 million; government sales climbed 53% to $426 million; commercial sales nearly doubled. Contract value swelled 140% to $2.27 billion as Palantir closed 66 deals worth at least $5 million.
Net income rose 144% to $326.7 million; shares are up more than 100% this year; market value has topped $379 billion.
This article first appeared on GuruFocus.