{"id":161140,"date":"2025-11-03T21:28:09","date_gmt":"2025-11-03T21:28:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/161140\/"},"modified":"2025-11-03T21:28:09","modified_gmt":"2025-11-03T21:28:09","slug":"palantir-forecasts-fourth-quarter-revenue-above-estimates-on-solid-ai-demand","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/161140\/","title":{"rendered":"Palantir forecasts fourth-quarter revenue above estimates on solid AI demand"},"content":{"rendered":"\n

(Reuters) -Palantir Technologies forecast fourth-quarter revenue above analysts’ estimates on Monday, as the rapid adoption of artificial intelligence<\/a> boosts demand for its data analytics services from businesses and governments.<\/p>\n

Shares of the company gained about 2% in extended trading.<\/p>\n

The defense contractor raised its annual sales target for the third time this year, amid strong sales for its services that ease the transition to the complex, data-intensive technology.<\/p>\n

Palantir, co-founded by tech billionaire Peter Thiel, expects fourth-quarter sales of between $1.327 billion and $1.331 billion, compared with analysts’ average estimate of $1.19 billion, according to data compiled by LSEG.<\/p>\n

The company also raised its annual sales forecast to a range of $4.396 billion to $4.40 billion, from its earlier expectations of between $4.142 billion and $4.15 billion.<\/p>\n

Palantir last month announced a deal with Nvidia<\/a> to use the AI chip leader’s processors and software to help its customers speed up decision making in complex fields.<\/p>\n

It now expects sales to U.S. businesses to exceed $1.43 billion this year, up from the $1.30 billion it forecast earlier.<\/p>\n

The results come at a crucial moment as big-ticket spending on AI expansion and sky-rocketing market valuations have sparked concerns of an “AI bubble”.<\/p>\n

Palantir’s shares have more than doubled in value this year, outpacing the gains in the world’s most valuable firm – Nvidia – and the benchmark S&P 500 Index.<\/p>\n

The stock trades at a whopping 12-month-forward price-to-earnings ratio of 246.2, compared with Wall Street darling Nvidia’s 33.3, according to LSEG data.<\/p>\n

Palantir’s results have also been buoyed by expectations of increased defense spending on its military-grade AI tools.<\/p>\n

The company, initially backed by the CIA, is benefiting from a shift in the Pentagon’s software-buying process towards commercial providers under President Donald Trump.<\/p>\n

Palantir reported revenue of $1.18 billion for the quarter ended September 30, beating estimates of $1.09 billion. Adjusted per share earnings of 21 cents also beat estimates of 17 cents.<\/p>\n

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Sriraj Kalluvila)<\/p>\n","protected":false},"excerpt":{"rendered":"(Reuters) -Palantir Technologies forecast fourth-quarter revenue above analysts’ estimates on Monday, as the rapid adoption of artificial intelligence…\n","protected":false},"author":2,"featured_media":161141,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[291,289,290,93465,18,93467,90101,19,17,93469,20422,93468,93466,82],"class_list":{"0":"post-161140","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-data-analytics-services","12":"tag-eire","13":"tag-estimates","14":"tag-fourth-quarter-revenue","15":"tag-ie","16":"tag-ireland","17":"tag-lseg","18":"tag-palantir-technologies","19":"tag-sales-forecast","20":"tag-sales-target","21":"tag-technology"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115487893326196641","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/161140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=161140"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/161140\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/161141"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=161140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=161140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=161140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}