Palantir expected to report Q1 revenue jump as software stocks rebound

Palantir Technologies (PLTR) is scheduled to report first quarter earnings on Monday after the bell.

Investors will watch for continued sales of its data and analytics platforms to governments and US businesses, both of which have been growing at a steady pace.

The company’s revenue is expected to reach $1.53 billion, according to a consensus of Wall Street analysts tracked by Bloomberg. That would indicate a jump from $884 million during the first three months of last year.

Its adjusted earnings per share are expected to rise to $0.28, up from $0.13 in the first quarter of last year.

Palantir is seen as a beneficiary of US government contracts across an array of agencies, including the Pentagon, the Department of Homeland Security, and even the US Department of Agriculture.

In March, Reuters noted the Pentagon expanded its use of Palantir’s Maven artificial intelligence system, an AI-enabled platform that analyzes battlefield data and supports targeting and command decisions.

The company has also seen strong sales growth to businesses such as Nvidia (NVDA), Airbus (AIR.PA), and Stellantis (STLA).

Palantir shares have been recovering from a sell-off earlier this year as the software sector has gotten hit over concerns of AI disruptions to their business models.

Last month, President Trump gave a shout-out to the company on social media, praising it for its “great war fighting capabilities and equipment.”

The stock has risen 13% since the April 10 post.

Palantir has been a top gainer of the AI trade, surging 150% in 2025 and over 1,200% over the past five years.

Last week, Oppenheimer analysts initiated coverage of Palantir with an Outperform rating, citing its leadership in AI and its ontology-based architecture, which creates high switching costs once its applications are embedded.

The analysts put a a $200 price target on the stock, implying a 35% upside from current levels.

Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre.

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