It has been just under six years since Palantir Technologies (NASDAQ: PLTR) went public by way of a direct listing in September 2020, and the company recently reported its fastest-ever revenue growth during its life as a public company.
Palantir released first-quarter 2026 results on May 4
It not only crushed Wall Street’s expectations handsomely but also upgraded its full-year guidance on the back of robust demand for its artificial intelligence (AI) software platform. In fact, a closer look at Palantir’s results suggests its growth rate could continue to improve. Let’s see why that may be the case and check why this AI stock could be a solid investment for the next five years.
Palantir Technologies’ growth rate could keep getting better Palantir’s Q1 revenue shot up 85% year over year to $1.63 billion, a substantial improvement over the 39% revenue jump it clocked in the year-ago period. Management noted on the latest earnings call that this was Palantir’s “highest overall revenue growth rate as a public company.” However, there is ample evidence that Palantir has room to further boost its growth rate. The company is attracting new customers at a nice clip, while existing customers continue to offer larger contracts due to the productivity gains unlocked by its AI software platform.