Palantir expected to report Q1 revenue jump as software stocks rebound
Palantir Technologies is expected to report a revenue jump to $1.53 billion in Q1, up from $884 million last year, with adjusted earnings per share rising to $0.28 from $0.13. The company's revenue growth is driven by sales to US governments and businesses, including the Pentagon and Nvidia.
Palantir Technologies is scheduled to report first quarter earnings on Monday. The company's revenue is expected to reach $1.53 billion, a jump from $884 million during the first three months of last year. Adjusted earnings per share are expected to rise to $0.28, up from $0.13 in the first quarter of last year. Palantir's revenue growth is driven by sales to US governments and businesses, including the Pentagon, Department of Homeland Security, and Nvidia. The Pentagon expanded its use of Palantir's Maven artificial intelligence system in March. Palantir shares have been recovering from a sell-off earlier this year, rising 13% since a April 10 post by President Trump praising the company's capabilities.
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