Palantir Technologies (NASDAQ:PLTR) delivered blockbuster fourth-quarter earnings, significantly beating analyst expectations and unveiling a bullish 2025 revenue outlook, fueling a sharp rally of over 22% in pre-market trading on Tuesday.
For the quarter, the data analytics firm posted adjusted earnings per share of $0.14 on revenue of $827.5 million, comfortably surpassing Wall Street estimates of $0.11 EPS and $778.2 million in revenue. The company saw a 36% year-over-year surge in total revenue, with CEO Alex Karp attributing the momentum to soaring demand for AI-driven solutions.
A key provider of technology services to defense agencies, Palantir’s U.S. government revenue surged 45% year-over-year to $343 million. Meanwhile, U.S. commercial revenue grew an impressive 64% to $214 million, signaling Palantir’s expanding presence in the private sector.
Customer acquisition remained strong, with a 43% year-over-year increase. The company closed 129 deals valued at $1 million or more, 58 deals at $5 million or more, and 32 contracts exceeding $10 million—a clear sign of Palantir’s deepening market penetration.
Looking ahead, the company issued an ambitious 2025 revenue forecast, projecting between $3.741 billion and $3.757 billion, exceeding Wall Street’s estimate of $3.53 billion. For the first quarter, Palantir expects revenue in the range of $858 million to $862 million, significantly ahead of the $799.4 million analysts had forecast.