Overview
- Palantir reported first‑quarter revenue of $1.633 billion, up about 85% year over year, with adjusted EPS of $0.33, and raised both second‑quarter and full‑year 2026 sales guidance above Wall Street estimates.
- Shares fell roughly 6% to 7% after the results but later turned higher on Thursday as investors weighed the stronger outlook and fresh contract activity.
- The company said it will join a U.S. Army 'Right to Integrate' hackathon designed to link best‑in‑class tools with legacy systems, a bid to speed software interoperability across the Department of Defense.
- Analyst reactions diverged, with Jefferies cutting the stock to underweight with a $70 target on valuation and durability concerns, while Bank of America kept a Buy at $255 and Rosenblatt raised its target to $225.
- Executives highlighted AIP and its Ontology as a control layer that manages data access, permissions, and audit trails so enterprises and agencies can run AI systems at scale in regulated settings.