Palantir Shares Fall Despite Earnings Beat and Revenue Growth Acceleration
Palantir Technologies (PLTR) shares fell over 7% in premarket trading following its latest earnings report, despite beating analyst expectations for both adjusted earnings per share ($0.44 vs $0.41 expected) and revenue ($2.31 billion vs $2.18 billion expected). A significant milestone was reached as U.S. commercial revenue more than doubled to $984 million, surpassing U.S. government revenue for the first time. Despite the stock's immediate pullback due to soft total contract value per booking and slower non-U.S. commercial growth, Wall Street analysts remain overwhelmingly bullish. Major institutions including Deutsche Bank, Bank of America, UBS, and JPMorgan maintained positive ratings, citing Palantir's dominant position in the AI ecosystem and its resilient, recurring revenue model driven by both defense and enterprise sectors.
Topics: AI software analyst ratings earnings report revenue growth
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