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Investing.com -- Palantir Technologies raised its annual guidance Monday after reporting third-quarter results that beat Wall Street estimates as the big data analytics provider’s growth was boosted by a flurry of AI-related commercial and government deals.
Palantir Technologies Inc (NASDAQ:PLTR) jumped more than 3% in recent afterhours trading following the report.
For 2025, the company is now guiding adjusted income from operations guidance to between $2.151B to $2.155B on revenue in the range of $4.396B to $4.400B, up from a range of $1.912B to $1.920B and $4.142B to $4.150B, respectively.
Palantir reported Q3 adjusted earnings of $0.21 a share on revenue of $1.18 billion. That compared with analysts estimates for adjusted EPS of $0.17 on revenue of $1.09B.
A slew of new deals underpinned the better-than-expected results, with U.S. commercial revenue growing 121% year-over-year to $397M, and U.S. government up 52% year-over-year to $486M.
Looking ahead, the company forecast Q4 revenue of $1.327B to $1.331B, compared with Wall Street estimates for $1.18B.