Palantir reports 85% revenue growth and 130% U.S. commercial sales surge, yet stock falls sharply from peak levels.
Palantir Technologies (NASDAQ: PLTR) posted $1.6 billion in revenue for the latest quarter, up 85% year over year, as demand for its AI software accelerated. U.S. commercial revenue jumped over 130%, underscoring strong adoption of its Artificial Intelligence Platform.
Despite the growth, PLTR shares have declined roughly 35% from their peak, even as the company maintains profitability and free cash flow. Management raised revenue guidance, signaling sustained demand, yet the stock correction persists without clear fundamental deterioration.
Investors remain divided on whether the pullback presents a buying opportunity or reflects lingering valuation concerns.