Palantir reports 85% revenue growth to $1.6 billion and raises 2026 guidance, while ServiceNow lags amid AI concerns.
Palantir Technologies posted an 85% year-over-year revenue increase to $1.6 billion in its first quarter, with adjusted earnings surging 154% to $0.33 per share. The company’s total contract value rose 61% to $2.4 billion, including 72 deals worth at least $5 million and 47 deals of $10 million or more. Management raised its 2026 revenue guidance to $7.6 billion, reflecting 71% growth from 2025.
ServiceNow, meanwhile, has seen its stock decline 51% from recent highs, as investors question whether AI advancements could disrupt its workflow automation business. Palantir’s strong performance contrasts with ServiceNow’s struggles, highlighting its momentum in AI-driven data analytics.
Palantir’s shares have fallen 18% over the past year but remain a standout in AI software, driven by demand for its data integration and analytics platforms.