Palantir Forecasts Strong Q4 Revenue
Palantir Technologies projected fourth-quarter revenue above Wall Street estimates on robust demand for its artificial intelligence software. Third-quarter revenue jumped significantly, driven by rapid adoption across commercial and government sectors.
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PALANTIR TECHNOLOGIES INC-A forecast fourth-quarter revenue between $2.649 billion and $2.653 billion on Monday, topping analysts' average estimate of $2.46 billion. The upbeat guidance follows a third-quarter revenue surge of 96% to $2.31 billion, driven by sustained demand for artificial intelligence software. The results highlight accelerating enterprise adoption across domestic markets.
