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Palantir shares dip despite Q1 revenue beat and raised full-year outlook

  • Palantir Technologies Inc. shares dropped over 8% in after-hours trading despite surpassing revenue expectations in Q1 and increasing its full-year outlook.
  • For the fiscal Q1, Palantir reported adjusted EPS of 13 cents, revenue of $883.9 million, with U.S. revenue growing 55% year-over-year.
  • The company achieved its highest U.S. commercial contract value, new deals, and a 39% increase in customer count.
  • Palantir also announced partnerships and enhancements in AI technology, leading to an upgraded full-year revenue growth outlook of 36%.

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