Quick Read – PLTR grew revenue 70% with $2.27B in free cash flow; ORCL’s cloud surged 84% but burned $24.7B funding GPU-heavy datacenter buildouts. – Alex Karp calls Palantir an ‘n of 1’ betting on workflow indispensability while Oracle takes on $124.7B in debt for chip-neutral…
frastructure. – Oracle’s 26x forward P/E suits conservative AI investors; Palantir’s 97x forward P/E after a 24% drawdown rewards high-conviction enterprise AI bets. – Palantir (NASDAQ:PLTR) and Oracle (NYSE:ORCL) both just put out earnings that read like AI manifestos, but the businesses underneath could not be more different. Palantir closed Q4 2025 as a capital-light software shop riding U.S. commercial adoption
Oracle finished Q3 FY2026 as a balance-sheet-heavy hyperscaler pouring tens of billions into GPUs and concrete. AIP Floods One Side. GPU Buildouts Define the Other.
Palantir put up $1.406 billion in revenue, growing 70% year over year, with U.S. commercial revenue exploding 137% to $507 million. That is AIP doing the work, pulling enterprises into bootcamps and turning them into seven-figure customers. Closed total contract value hit a record $4.262 billion, up 138%, which is what a real demand wave looks like.