Palantir stock popped more than 8% Tuesday after the software analytics provider lifted its full-year outlook, boosted by the artificial intelligence wave.
CEO Alex Karp called the earnings results a “once in a generation, truly anomalous quarter” during an earnings call with analysts.
“We’re very proud and we’re sorry that our haters are disappointed, but there are many more quarters to be disappointed, and we’re working on that too,” he added.
U.S. revenues grew 68% year over year $733 million, while U.S. commercial revenues nearly doubled to $306 million.
Palantir’s U.S. government revenues rose 53% from the year-ago period to $426 million as the company continues to benefit from President Donald Trump‘s focus on efficiency.
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The company’s revenues grew 48% and topped $1 billion in quarterly revenue for the first time ever. That surpassed the $940 million in revenues forecast by analysts polled by LSEG.
“‘I’ve been cautioned to be a little modest about our bombastic numbers, but honestly, there’s no authentic way to be anything but have enormous pride and gratefulness about these extraordinary numbers,” he said.
Adjusted earnings came in at 16 cents per share and ahead of the 14-cent-per-share estimate. Net income jumped 144% to about $326.7 million, or 13 cents per share. That’s up from $134.1 million, or 6 cents per share a year ago.
Palantir also upped its full-year guidance.
The company now expects revenues to range between $4.142 billion and $4.150 billion. That’s up from its previous forecast calling for $3.89 billion to $3.90 billion.
Palantir shares have soared more than 120% this year and the company’s market cap topped $400 billion due to ongoing AI tailwinds and a bet on its contracts with the government.
Last week, the company joined the list of 20 most valuable U.S. companies after joining the top 10 U.S. tech firms club in May.
However, investors are paying a hefty multiple for a company that makes a fraction of revenue relative to many of its peers. Shares currently trade 277 times forward earnings.
Analysts have raised concerns about the company’s growth and valuation.
Jefferies analyst Brent Thill maintained an underperform rating following the results, citing a “disconnected between valuation and achievable growth.”
“While PLTR carries a rich valuation premium and remains a high-risk investment, the one-of-a-kind growth [plus] margin model puts it into a unique category of one that warrants a premium, in our view,” wrote Piper Sandler’s Brent Bracelin, who is overweight on shares.
After four previous scrubs or delays in a row since August 7th SpaceX launches Amazon KF-02 Kuipeer Satellites after the 5th attempt August 11th 2025 at 8:35 AM SLC-40 Cape Canaveral, Brevard County, Florida USA.
Scott Schilke| SipaUSA |AP
Amazon shipped another batch of internet-beaming satellites into orbit on Monday atop a SpaceX Falcon 9 rocket, after four previous launch attempts were interrupted by weather issues.
Monday’s launch is the fourth Kuiper mission, and Amazon now has 102 satellites in orbit.
The Falcon 9 rocket lifted off from Cape Canaveral, Florida, at 8:35 a.m. ET. Roughly an hour after launch, SpaceX confirmed all 24 of Amazon’s Kuiper satellites were successfully deployed.
The mission was originally scheduled for last Thursday, but SpaceX was forced to scrub the launch, along with three more attempts over the past few days due to rainfall.
For the second time, Amazon turned to Elon Musk‘s SpaceX, its chief competitor in the low-earth orbit satellite market, for help building out its constellation.
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SpaceX’s Starlink is currently the dominant provider of low-earth orbit satellite internet, with a constellation of roughly 8,000 satellites and about 5 million customers worldwide.
Amazon is racing to get more of its Kuiper satellites into space to meet a deadline set by the Federal Communications Commission.
The FCC requires that Amazon have about 1,600 satellites in orbit by the end of July 2026, with the full 3,236-satellite constellation launched by July 2029.
Amazon has booked up to 83 launches, including three rides with SpaceX.
While the company is still in the early stages of building out its constellation, Amazon has already inked deals with governments as it hopes to begin commercial service later this year.
“Trump’s assault has no modern precedent,” Moritz wrote, calling the attack a “vindictive political sideshow.”
Moritz, who spent decades at Sequoia Capital and has known Tan for nearly four decades, highlighted the CEO’s previous turnaround of Cadence Design Systems. Moritz said there is “no one better equipped to transform Intel’s fortunes.”
“Now the Intel board must decide whether to march to the beat of so many other corporate leaders and capitulate to the president’s artless bullying or to set an example for other companies and display some backbone,” he wrote in a piece published in the Financial Times Sunday. “Early signs of defiance are encouraging.”
Tan is set to visit the White House on Monday to assuage concerns about his background and discuss ways that Intel can work with the U.S. government.
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Intel shares were up nearly 5% Monday. The Wall Street Journal was first to report Tan’s White House visit.
In a post to Truth Social last week, Trump called for Tan’s resignation and said the 65-year-old was “highly CONFLICTED.” Sen. Tom Cotton, R-Ark. has also raised questions over Tan’s ties to Chinese companies and the potential national security risks.
Tan later addressed the “misinformation” in a letter to employees, saying that he has “always operated within the highest legal and ethical standards.”
Moritz joined Sequoia Capital in 1986 and stepped down in 2023. During his tenure, he made successful early bets on the likes of Google and PayPal.
C3 AI said Friday that it expects to report revenue between $70.2 million and $70.4 million for its fiscal first quarter 2026, though those figures are unaudited, preliminary estimates. The company reported $87.2 million in revenue during the same period a year earlier.
Thomas Siebel, C3 AI’s CEO, said in a statement that sales results during the quarter were “completely unacceptable.” He attributed the performance to the “disruptive effect” of the reorganization, as well as his ongoing health issues.
The company expects to report a GAAP loss from operations for the quarter between $124.7 million and $124.9 million, a much wider loss than a year ago, when C3 AI had a loss of $72.59 million.
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“Unfortunately, dealing with these health issues prevented me from participating in the sales process as actively as I have in the past,” Siebel said in a statement. “With the benefit of hindsight, it is now apparent that my active participation in the sales process may have had a greater impact than I previously thought.”
Siebel announced in July that he was diagnosed with an autoimmune disease earlier this year, resulting in “significant visual impairment.” C3 AI’s board and Siebel have kicked off a search for the company’s next chief executive.
C3 AI said its sales and services restructuring is complete, and Siebel said his health has “improved dramatically” except for his vision impairment. He said he is feeling strong and fully engaged, and will work to quickly identify “excellent” CEO candidates.
“I am confident the company is positioned to accelerate going forward,” Siebel said.
The company is scheduled to hold a conference call for first quarter results on Sept. 3 at 5 p.m. ET.