From Yahoo Finance: 2025-05-05 16:07:00

Palantir Technologies raised its annual sales forecast, but disappointed investors with an inline profit and modest revenue beat, causing shares to drop 8%. The stock has surged more than 60% this year, as investors bet on its AI capabilities and government contracts. Revenue for the first quarter was $883.9 million, slightly beating estimates.

Co-founded by Peter Thiel, Palantir still relies heavily on government contracts, with over 42% of revenue coming from the U.S. government. Big contractors like Accenture and IBM have felt the impact of government cost-cutting, but Palantir’s executives remain optimistic about the company’s future. The focus on efficiency in government spending is seen as a positive for Palantir.



Read more at Yahoo Finance: Palantir raises annual revenue forecast on AI demand but investors unimpressed