Palantir Technologies (PLTR) on Monday reported March quarter earnings that met views while revenue topped Wall Street targets amid strength in its U.S. government and commercial businesses. Palantir stock fell amid high expectations for the quarter.
On the stock market today, Palantir stock fell more than 5% to 116.52 in extended trading. Reported after the market close, Palantir earnings for the first quarter were 13 cents on an adjusted basis, up 62% from a year earlier. Revenue climbed 39% to $884 million, the maker of data analytics software said.
↑ X NOW PLAYING Three Types Of Stock Market Corrections And How To Handle Them Analysts had predicted earnings of 13 cents a share on revenue of $863 million for Palantir stock.
In addition, Palantir said U.S. government revenue rose 45% to $373 million while U.S. commercial revenue jumped 71% to $255 million.
U.S. government revenue was projected to jump 38% to $355 million, with U.S. commercial revenue growing 55% to $232 million, according to Visible Alpha, part of S&P Global Market Intelligence.
“Our financial performance, that crude yardstick by which the market attempts to measure worth in this world, continues to exceed many of our greatest expectations,” said Chief Executive Alexander Karp in a letter to shareholders.
Palantir Raises 2025 Revenue Outlook
For the June quarter, Palantir predicted revenue of $936 million versus consensus estimates of $899.4 million.
For full-year 2025, Palantir raised its revenue outlook to $3.895 billion at the midpoint of guidance, up from a range of $3.74 billion to $3.75 billion.
Heading into the first quarter earnings report, PLTR stock had gained 64% in 2025. Further, Palantir stock hit its all-time intraday high of 125.41 on Feb. 19. PLTR stock trades above its 50-day moving average, a key technical level.
Meanwhile, Palantir’s data analytics software has been utilized by government customers for intelligence gathering, counterterrorism and military purposes. It’s now targeting generative artificial intelligence applications in health care, energy and manufacturing. Palantir is among artificial intelligence stocks to watch.
Also, Palantir stock holds a Composite Rating of 99 out of a best-possible 99, according to IBD Stock Checkup. IBD’s Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.
PLTR stock owns an Accumulation/Distribution Rating of B-plus. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading. A+ signifies heavy institutional buying; E means heavy selling. Think of a C grade as neutral.
Further, Palantir stock has formed a new cup base with an entry point of 125.41, according to MarketSurge.
Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
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