Business · 3 February 2026
Palantir stock soars 8 percent as revenue hits 1.41 billion
Palantir Technologies reported fourth-quarter revenue of $1.41 billion, crushing Wall Street's $1.33 billion expectation. Earnings per share hit $0.25, surpassing the predicted $0.23. Government revenue surged 66 percent to $570 million amid the Trump administration's immigration crackdown. Following the release, Palantir shares soared approximately 8 percent in after-hours trading. CEO Alex Karp defended the company's contracts with ICE despite recent controversies involving federal officers.
Reported by Guardian · How we write briefs