Palantir Technologies Inc (NYSE:PLTR) shares surged to a new all-time high on Tuesday after reporting stronger than expected earnings and giving a bullish outlook for 2025.
Fourth-quarter revenue surged 36% year-over-year, driven by strong growth in both its US commercial and government segments, sending shares up 27% to a new record high of $106.9.
The data analytics firm posted revenue of $828 million, surpassing Wall Street estimates of $781.24 million.
Adjusted earnings per share came in at $0.14, exceeding analyst expectations of $0.11, while GAAP EPS was in line at $0.03.
For fiscal 2025, Palantir issued a revenue forecast of $3.74 billion to $3.76 billion, sharply above consensus estimates of $3.50 billion to $3.53 billion. The guidance implies 31% year-over-year growth, signaling continued momentum as the company capitalizes on increasing demand for its AI-driven solutions.
Palantir’s strong results and bullish outlook come as enterprises and government agencies continue to invest heavily in AI and data analytics, positioning the company for sustained growth in the year ahead.
CEO Alex Karp said on the earnings call the company expected the disruption being caused by Elon Musk's 'Department of Government Efficiency' (DOGE) would result in "very good" things for the company, which already has several multi-million dollar contracts from US federal agencies.