Shares of data-mining and analytics company Palantir (NYSE:PLTR)
fell 13.3% in the afternoon session after the company reported first quarter 2025 results, which had high expectations heading into the prints, making it hard for the stock to impress Wall Street. The quarter itself was fine. Palantir beat analysts' revenue and adjusted operating income expectations and raised full-year guidance on both metrics. Zooming out, we think this was a decent quarter, but markets were expecting more given its lofty valuation.
Data-mining and analytics company Palantir (NYSE:PLTR) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 39.3% year on year to $883.9 million. The company expects next quarter’s revenue to be around $936 million, close to analysts’ estimates. Its non-GAAP profit of $0.13 per share was in line with analysts’ consensus estimates.
Wall Street edged lower by midday Tuesday as uncertainty surrounding trade policies lingered, with investors adopting a cautious approach ahead of Wednesday’s Federal Reserve meeting.
Analysts warn that while Palantir's execution is impressive, concerns remain that its stock trades at a valuation difficult to justify without further acceleration.
The rise of "agentic" AI has yet to boost ServiceNow stock or most software makers as monetization ramps slowly. ServiceNow disclosed a new AI financial target Monday.
Whether Elon Musk's DOGE is a plus or minus for Palantir stock and tech companies has been debated on Wall Street. Palantir praised DOGE on Q1 earnings call.
Palantir Technologies Inc. shares dropped 9.25% in after-hours trading Monday, despite the data analytics company raising its revenue forecast on strong demand for artificial intelligence products.
