Palantir tops $1 billion in revenue for the first time, boosts guidance
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Palantir surpassed Wall Street's estimates and lifted its full-year outlook.
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August 4, 2025
10:06 PM
CNBC
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In this articlePLTR your favorite stocksCREATE FREE ACCOUNTwatch now2:2502:25Palantir reports $1 billion in revenue for the first timeClosing BellPalantir topped Wall Street's estimates Monday, surpassing $1 billion in quarterly revenue for the first time, and hiking its full-year guidance.s rallied 3% after the bell.Here's how the company did versus LSEG estimates:Earnings per : 16 cents adjusted vs. 14 cents expectedRevenue: $1 billion vs. $940 million expectedThe artificial intelligence software vider's revenues grew 48% during the period
Analysts hadn't expected the $1 billion revenue benchmark from the Denver-based company until the fourth quarter of this year."We're planning to grow our revenue … while decreasing our number of people," CEO Alex Karp told CNBC's Morgan Brennan in an interview. "This is a crazy, efficient revolution
The goal is to get 10x revenue and have 3,600 people
We have now 4,100."Karp did not specify if the company would lay off employees to achieve his ideal headcount.The software analytics company also boosted its full-year outlook guidance
For the full year, Palantir now expects revenues to range between $4.142 billion and $4.150 billion, up from prior guidance of $3.89 billion to $3.90 billion.Read more CNBC newsNvidia's set to regain some China access
But it still faces eroding AI chip market Ethereum turns 10: From scrappy experiment to Wall Street's invisible backboneGoogle has dropped more than 50 DEI-related organizations from one of its funding listsAmazon stock sinks after earnings: Here are the key takeawaysFor the third quarter, Palantir forecast revenues between $1.083 billion and $1.087 billion, beating an analyst estimate of $983 million
Palantir also lifted its operating income and full-year free cash flow guidance.Palantir's U.S. revenues jumped 68% from a year ago to $733 million, while U.S. commercial revenues nearly doubled from a year ago to $306 million.The software analytics company has seen a boost from President Donald Trump's government efficiency campaign, which included layoffs and contract cuts
Palantir's U.S. government revenues jumped 53% from the year-ago period to $426 million."It has been a steep and upward climb — an ascent that is a reflection of the remarkable confluence of the arrival of language models, the chips necessary to power them, and our software infrastructure," Karp wrote in a letter to holders.During the quarter, Palantir said it closed 66 deals of at least $5 million and 42 deals totaling at least $10 million
Total value of its contracts grew 140% from last year to $2.27 billion.Net income rose 144% to $326.7 million, or 13 cents per , from $134.1 million, or 6 cents per a year ago.Palantir s have more than doubled this year as investors bet on the company's AI tools and contract agreements with governments.Its market value has accelerated past $379 billion and into the list of top 20 most valuable U.S companies, surpassing Salesforce, IBM and Cisco to join the top 10 U.S. companies by market cap. s hit a new high Monday.Last week, the company also secured a $10 billion software and data contract with the U.S
Army.At its size, buying the stock requires investors to pay hefty multiples.s currently trade 276 times forward earnings, according to FactSet
Tesla is the only other top 20 with a triple-digit ratio at 177.Don’t miss these insights from CNBC Bank of America says these five stocks have more room to run ahead of earningsThese overbought stocks could take a dip after the market's record gainsGoldman Sachs is getting worried the economyWhat the prediction are saying the big Wall Street events ahead
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