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Photo = Yonhap news |
[Alpha Biz= Kim Sangjin] Palantir Technologies, a US-based data analytics software company, posted strong earnings for Q4 of last year, causing its stock to soar despite a generally weak performance in the US stock market due to Trump's tariff announcements. The stock rose over 1% during regular trading and surged more than 20% in after-hours trading.
On Monday (local time), Palantir closed at $83.74, up 1.52% from the previous trading day. Despite the NASDAQ Composite Index being in the red due to lingering effects of President Donald Trump's tariff imposition on Canada and Mexico, investor expectations ahead of the earnings report buoyed the stock.
After the market closed, Palantir revealed that its Q4 revenue grew 36% year-on-year to $828 million (about 1.21 trillion KRW), exceeding market estimates by 6.7%. Its operating income reached $373 million (about 545.9 billion KRW), with an operating margin of 45%. Driven by these strong results, the stock jumped by 22.75% in after-hours trading.
In 2023, Palantir became a notable "Trump-themed stock," experiencing a fourfold increase in its stock price over the year. Now, bolstered by impressive earnings, it is eyeing the top spot in the artificial intelligence (AI) software sector.
Not only has it solidified its position in the public data analytics software field, notably with the US Department of Defense and CIA, but it is also expanding into the private sector, diversifying its revenue streams through custom AI solutions.
In Q4, Palantir's US private sector revenue reached $214 million (about 313.5 billion KRW), growing 64% year-on-year. In response to the strong earnings, Morgan Stanley raised Palantir's target stock price from $60 to $95.
알파경제 Kim SangJin (letyou@alphabiz.co.kr)
