Palantir Technologies Inc (NYSE:PLTR) shares were marked 7% lower ahead of the bell on Tuesday, as investors reacted to strong but not spectacular first-quarter results that failed to sustain one of the tech sector's top-performing stocks this year. Revenue rose 39% to $884 million, beating forecasts, and the company raised its 2025 guidance to $3.9 billion.
Palantir Technologies (PLTR -0.27%) stock dropped 9.3% in after-hours trading on Monday following the artificial intelligence (AI)-powered data analytics company's release of its earnings report for the first quarter of 2025.
Palantir said revenue was up 39% in the its latest quarter.
Palantir Technologies executives praised DOGE during their earnings call after strong results. The company beat earnings expectations and raised its full-year revenue outlook.
After an unrelenting run that spanned more than two years and resulted in stock price gains of more than 1,000%, Palantir Technologies (PLTR -0.27%) is taking a well-deserved breather. The company got its start designing artificial intelligence (AI) solutions for the U.S. defense and intelligence industries before turning its gaze to enterprise.
Palantir Technologies Inc. reported strong Q1 growth, outperforming sales estimates, but shares dropped over 5% due to high investor expectations and stretched valuation. Despite recent volatility, Palantir remains a high-quality growth company benefiting from AI themes, though its valuation is elevated. PLTR Q1 revenue growth of nearly 40% shows accelerating momentum, with sequential growth rates improving from previous quarters.
The software company's upbeat results were already priced into the stock, and growth could slow from here.
Palantir Technologies Inc. (NASDAQ:PLTR ) Q1 2025 Earnings Conference Call May 5, 2025 5:00 PM ET Company Participants Ana Soro - Finance Team Ryan Taylor - Chief Revenue Officer & Chief Legal Officer Shyam Sankar - Chief Technology Officer Dave Glazer - Chief Financial Officer Alex Karp - Chief Executive Officer Conference Call Participants Dan Ives – Wedbush Mariana Perez Mora - Bank of America Ana Soro Good afternoon. I'm Ana Soro from Palantir's Finance Team, and I'd like to welcome you to our First Quarter 2025 Earnings Call.
Palantir Technologies Inc. (PLTR) came out with quarterly earnings of $0.13 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.08 per share a year ago.
Dan Ives, Wedbush Global head of technology research, and Brent Thill, Jefferies analyst, joins 'Closing Bell Overtime' to talk Palantir quarterly results.
Palantir (PLTR) reported quarterly revenue that beat analysts' expectations and raised its full-year outlook on strong demand for its artificial intelligence software.
Palantir Technologies raised its full-year outlook after logging higher profit and revenue in the first quarter, fueled by continued demand for its artificial intelligence products.