Best known for its national security work, and more recently its AI platform, Palantir’s stock surged 340% in 2024. The company rode a wave of investor excitement for AI, and more commercial and government customers started using Palantir’s data analysis software.
Palantir Technologies shares jumped after giving a full-year revenue forecast that exceeded analysts’ estimates, thanks to what CEO Alex Karp described as “untamed organic growth” in demand for its artificial intelligence software.
Sales will be about US$3.75 billion ($5.1 billion) in 2025, the Denver-based company said Monday in a statement. Adjusted operating income will be about US$1.56 billion. Analysts, on average, projected revenue of US$3.54 billion and operating profit of US$1.37 billion.
