Palantir (PLTR) Stock: Delivers Monster Q4 Beat With 70% Revenue Growth

TLDR

• Palantir posted Q4 revenue of $1.41 billion, crushing the $1.33 billion estimate with 70% year-over-year growth
• Earnings per share of $0.25 beat expectations of $0.23, while U.S. commercial revenue soared 137% to $507 million
• Q1 revenue guidance of $1.53 billion topped the $1.32 billion consensus estimate by over 15%
• Full-year fiscal 2026 guidance came in at $7.2 billion versus analyst expectations of $6.22 billion
• Shares jumped 5% after hours and surged another 12% in premarket trading following the results

Palantir smashed Wall Street expectations when fourth-quarter results dropped Monday evening. The data analytics company reported numbers that sent shares rocketing higher in extended trading.

Revenue reached $1.41 billion for the quarter. Analysts had expected $1.33 billion.

Adjusted earnings landed at $0.25 per share. The consensus estimate was $0.23.

The 70% revenue growth rate tells the story of a company firing on all cylinders. Full-year revenue hit $4.48 billion as AI adoption accelerates across its customer base.

Palantir Technologies Inc., PLTR

Shares climbed 5% after hours Monday. Tuesday’s premarket session saw an additional 12% pop.

U.S. Sales Drive the Outperformance

The geographic breakdown reveals where Palantir is winning. U.S. commercial revenue exploded 137% to $507 million, topping the $479 million estimate.

U.S. government revenue grew 66% to $570 million. Analysts had projected $522 million for that segment.

CEO Alex Karp told CNBC these were “indisputably the best results that I’m aware of in tech in the last decade.” He pointed to strong momentum with government agencies including the Department of Defense and Internal Revenue Service.

The company has become so focused on U.S. opportunities that it’s delaying new product launches to allied countries. “If you’re not spending it on this, you’re not spending on something that is part of keeping up with momentum,” Karp said.

Guidance Sends Strong Signal

First-quarter revenue guidance of $1.532 billion to $1.536 billion crushed expectations. The Street had modeled $1.32 billion.

Fiscal 2026 guidance landed between $7.182 billion and $7.198 billion. That’s nearly $1 billion above the $6.22 billion consensus.

William Blair analyst Louis DiPalma upgraded the stock to Outperform on Monday. He said the recent pullback made the valuation “more reasonable” after shares fell 12% over the past month.

That decline came as software stocks broadly sold off on AI disruption concerns. Karp addressed those worries directly in an interview with Yahoo Finance.

“In tech, you only have a time horizon of a couple years. You can’t say we will never be disrupted,” he said. “But we made investments in this tech years ago, all of which we thought would be valuable.”

He described Palantir as “a different species of company” with products built specifically for the current AI boom. Those early bets on AI technology are now paying off as enterprise and government customers race to deploy these systems.

The demand environment remains red-hot across both commercial and government segments. U.S. commercial customers are implementing Palantir’s AI platform at an accelerating pace, while government agencies continue expanding their use of the company’s data analytics tools.

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