Palantir Raises Full-Year Guide to 71% Growth After 85% Q1 Revenue Surge
PLTR•Palantir reported first-quarter revenue of $1.63 billion, an 85% year-over-year increase and its fastest sales growth since 2020, driven by a 104% U.S. revenue surge. It raised full-year revenue guidance to $7.65–7.66 billion (71% growth), topping the $7.2 billion consensus.
1. Q1 Revenue Performance
Palantir posted revenue of $1.63 billion in its first quarter, marking an 85% year-over-year increase and the fastest growth since its 2020 direct listing.
2. Guidance Raised
The company lifted its full-year revenue forecast to a range of $7.65 billion to $7.66 billion, representing 71% growth, compared with a consensus expectation of approximately $7.2 billion.
3. U.S. Market Momentum
U.S. revenue climbed 104% year-over-year to $1.28 billion, driven by a 133% surge in commercial sales and an 84% increase in government contracts, and the company closed 206 deals exceeding $1 million each.
4. Profitability and Cash Flow
Adjusted operating income reached $984 million with a 60% margin and adjusted EPS of $0.33, while full-year adjusted free cash flow guidance was raised to $4.2 billion–$4.4 billion.
