Palantir Jumps Most in Year As ‘Untamed’ Demand Bolsters Outlook

CEO Karp extols benefits of close ties to US government
Software company says US commercial sales jumped 64%

Palantir Soars as AI Demand Drives Strong Guidance

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By Lizette Chapman

February 3, 2025 at 9:06 PM UTC

Updated on

February 4, 2025 at 2:50 PM UTC

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Palantir Technologies Inc. shares jumped after the company gave a full-year revenue forecast that exceeded analysts’ estimates, thanks to what Chief Executive Officer Alex Karp described as “untamed organic growth” in demand for its artificial intelligence software.

Sales will be about $3.75 billion in 2025, the Denver-based company said Monday in a statement. Adjusted operating income will be about $1.56 billion. Analysts, on average, projected revenue of $3.54 billion and operating profit of $1.37 billion.