Palantir revises revenue expectations up amid AI software surge
- Palantir reported a 39% growth in revenue year-over-year, reaching $884 million in the first quarter of 2025.
- The company has raised its full-year revenue forecast to between $3.89 billion and $3.90 billion, a significant increase from previous estimates.
- This surge in revenue is attributed to a broader adoption of its AI software across commercial and government sectors.
On May 5, 2025, Palantir Technologies Inc., the artificial intelligence software company, announced a significant increase in its revenue guidance following strong quarterly earnings results. The company, which provides software to both commercial and government sectors, reported a 39% growth in revenue year-over-year, raising its revenue forecast for the entire year to between $3.89 billion and $3.90 billion, up from a prior estimate of $3.74 billion to $3.76 billion. This announcement comes in the context of an increased adoption of Palantir's AI software in various industries, indicating a transformation within organizations wanting to leverage cutting-edge technology. CEO Alex Karp highlighted that the demand for large language models and associated software has surged dramatically, describing it as a