Overview
- Q4 2025 revenue jumped 70% year over year to $1.407 billion, with adjusted operating margin at 57% and earnings topping estimates.
- Management guided 2026 revenue to about $7.19 billion with an ~71% adjusted operating margin and $3.925–$4.125 billion in adjusted free cash flow, and projected Q1 revenue of $1.532–$1.536 billion (~74% growth).
- U.S. commercial revenue soared 137% to $507 million and included a record $1.3 billion in total contract value, a segment CEO Alex Karp said has transformed from a former “backwater.”
- Cognizant announced it will integrate Palantir Foundry and AIP with its TriZetto healthcare platforms to embed governed, scalable AI into core workflows and regulated operations.
- Shares remain volatile and expensive at roughly 47× 2026 revenue; RBC reiterated Underperform with a $50 target, the stock is about 25% below its high, director Alexander D. Moore sold 20,000 shares, and Palantir reports 954 customers.