Palantir (PLTR) Q1 Earnings: Revenue Up 84.4% to $1.63 Billion

AI Summary

Palantir Technologies (PLTR) reported Q1 earnings with adjusted EPS of 33 cents and revenue of $1.63 billion, up 84.4% year-over-year. U.S. commercial sales surged 133%, while government revenue rose by 84%. Bank of America maintained a Buy rating, increasing its 2026 revenue estimate from $7.37 billion to $7.85 billion and adjusted EPS from $1.30 to $1.47. Palantir secured 72 deals worth nearly $5 million and 47 worth at least $10 million, indicating strong market demand.