Palantir Shares Jump 7% as Fourth Quarter Revenue, 2026 Forecast Surpass Estimates

$Palantir Technologies Inc.(PLTR)$  's fourth quarter revenue and fiscal 2026 forecast blew past estimates, sending the stock 7% higher in extended trading Monday. 

Fourth-quarter revenue grew 70% to a record $1.41 billion, exceeding the average estimate of $1.33 billion. The company expects revenue for fiscal 2026 to reach $7.18 billion and $7.2 billion, blowing past the $6.27 billion expected by analysts, according to estimates compiled by Bloomberg. 

"Our U.S. commercial business, once a promising yet mostly theoretical backwater of our company, is now growing at an astonishing rate, generating $507 million last quarter—a 137% increase over the same period the year before," CEO Alex Karp wrote in his letter to shareholders Monday.

Palantir, an AI software company that generates more than half of its revenue from government contracts, forecast full year 2026 adjusted income from operations of between $4.126 billion to $4.142 billion, better than the $3.08 billion that analysts were anticipating. 

Operating profit rose to $575.4 million in the fourth quarter compared with the average analyst estimate of $431.5 million. Adjusted earnings reached 25 cents a share, better than the 23 cents that Wall Street was anticipating.

Adjusted income from operations of $798 million, representing a 57% margin.

Before the financial results were released, Palantir's options market was implying a 10% move in the share price Tuesday. 

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