Alex Karp, Chief Executive Officer of Palantir Technologies Inc., speaks during the AIPCON conference in Palo Alto, California, US, on March 13, 2025.
David Paul Morris | Bloomberg | Getty images
Palantir On Monday, boost his income guidance and reported income that met expectations when the artificial software company for artificial intelligence saw its shares fall by around 9% after the bell.
This is how the company did in the first quarter compared to LSEG consensus estimates:
- Profit per share: 13 cents adapted versus 13 cents expected
- Gain: $ 884 million versus $ 863 million
“We deliver the operating system for the modern company in the age of AI,” wrote CEO Alex Karp on Monday in a winning release, adding that the company is in the “center of a tectonic shift in the adoption” of its software.
The defense technology company said that commercial income grew by 71% from one year to $ 255 million, while the sale of the government seal increased by 45% to $ 373 million. The company predicts that American commercial reves will be $ 1,178 billion this year.
Karp has assigned the growth of the Palantir’s government sector to the larger American defense sector of its tools. He said that the demand for large language models and the software that supports it “has changed into a rush” and “Vaatiglig Wervelwind of adoption.”
The Palantir’s lever grew by 39% of $ 634.3 million in the period from a year ago. Net Inome rose to around $ 214 million, or 8 cells per share, of around $ 105.5 million, or 4 cents per share, in the quarter of the year. US Reves jumped 55% to $ 628 million, said Palantir.
The company, which offers AI software and technology solutions for governments and companies, has also increased its income from the entire year to between $ 3.89 billion and $ 3.90 billion. During the last income report, Palantir projected that Reveese would vary Full-Year Reves between $ 3.74 billion and $ 3.76 billion. In the current quarter, the business income expects to vary between $ 934 million and $ 938 million.
“We believe that our results are an indication of a revolution that flooded in our business and industry,” Karp wrote in a letter to shareholders and called the rise of the company “unparalleled.” He also quoted President Richard Nixon and the New Testament.
Palantir shares have the wide fall from 2025 in technological shares. The share has risen by 64% this year and benefits from the most important defense contracts and the efforts of President Donald Trump to reduce federal expenses with the Elon Musk-guided Department of Government Efficient. Palantir is also the best performer in the S&P 500.
The company also increased its adapted free cash flow -outlook for the year to between $ 1.6 billion and $ 1.8 billion. It is expected that the adjusted income for activities will vary between $ 1,711 billion and $ 1,723 billion.
Palantir said that it closed 139 deals of a total of at least $ 1 million during the period, of which 51 was at least $ 5 million. Palantir said 31 deals amounted to more than $ 10 million.
Watch: Palantir meets the profit expectations, beats on income
