Palantir Breaks Into Wall Street’s Top 20 Most Valuable Companies
Meanwhile, Palantir’s commercial customer base grew by 64% year-over-year, helping its non-government business expand by an impressive 93%.
Quick overview
- Palantir has entered the top 20 most valuable U.S. companies after reporting $1.004 billion in quarterly revenue, exceeding analyst expectations.
- The company raised its full-year revenue guidance by $250 million, driven by a 53% increase in government-related revenue.
- Palantir's net income rose 144% year-over-year, with earnings of $326 million, surpassing market expectations.
- The stock reached an all-time high of $160.92, reflecting a 567.66% increase over the past year, bolstered by significant contracts and partnerships.
Cybersecurity firm Palantir, founded by Peter Thiel, has officially entered the upper echelon of Wall Street, reaching the top 20 most valuable U.S. companies after reporting impressive quarterly results.
The company posted $1.004 billion in revenue, far surpassing analyst estimates of $940 million and marking a 48% year-over-year increase.
Thanks to this strong performance, Palantir raised its full-year revenue guidance by an additional $250 million. The company—buoyed by lucrative contracts with the U.S. government since Donald Trump’s return to the presidency—saw government-related revenue surge 53% year-over-year.
Palantir’s robust growth translated into a 144% increase in net income compared to the same quarter last year. The company reported earnings of $326 million, or 16 cents per share, beating market expectations of 14 cents. Meanwhile, Palantir’s commercial customer base grew by 64% year-over-year, helping its non-government business expand by an impressive 93%, now totaling 692 commercial partners.
Valuation and Growth Outlook
Palantir shares currently trade at over 200 times their projected 12-month earnings—well above the 34.81 multiple of AI powerhouse Nvidia and the 27.44 multiple of the S&P 500. This steep valuation reflects investor confidence in its future growth trajectory.
The stock hit an all-time high this week, closing at $160.92, marking a staggering 567.66% increase over the past year—a testament to the company’s exceptional momentum.
Among its recent milestones, Palantir secured a $100 million contract from the U.S. Army to develop a prototype for the Next Generation Command and Control platform, a key strategic project for the military with substantial budgetary backing for future development.
Additionally, Palantir signed a two-year partnership with Knightscope. The agreement, facilitated through Palantir’s FedStart program, aims to ease Knightscope’s entry into the federal marketplace by supporting its accreditation and operational authorization process.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
