Palantir powers past expectations
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 3 February 2026
⏱️ 6 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:07.6 | It's good to be with you on this Tuesday, February 3rd. I'm Julie Morgan. |
| 0:13.9 | Palantir is up 10% in pre-market action after reporting fourth quarter results and guidance that top Wall Street's estimates. |
| 0:22.9 | For the period ending December 31st, Palantir said it earned an adjusted 25 cents per share, |
| 0:29.1 | as revenue rose 69.2% year-over year-over-year to $1.4 billion. Included in that was a 93% rise in U.S. revenue. U.S. commercial revenue grew |
| 0:41.6 | 137% year-over-year, while U.S. government revenue grew 66% year-over year. |
| 0:49.1 | Analysts expected the company to earn an adjusted $23 per share on $1.34 billion in revenue. |
| 0:56.7 | Julian Lynn, the investing group leader for Best of Breed Growth Stock, said the results were stunning. |
| 1:02.8 | He told Seeking Alpha via email that it appears that the company is benefiting from increasing |
| 1:08.0 | brand name momentum, as evidenced by the accelerating growth scene |
| 1:12.2 | among U.S. commercial enterprises. He goes on to say that time will tell if these strong results |
| 1:18.0 | are strong enough to justify the outlandish valuation, which represents a stunning 10 times premium |
| 1:24.7 | as compared to other large-cap enterprise software peers. |
| 1:28.9 | Looking ahead to the first quarter of fiscal 2026, Palantir expects revenue to be between |
| 1:34.9 | $1.532 and $1.536 billion, above the $1.33 billion estimate. For the full year, Palantir expects revenue to be between $7.182 billion and $7.198 billion, |
| 1:50.5 | above the consensus estimates of $6.28 billion. California is proposing a $200 million |
| 1:57.8 | electric vehicle incentive program. |
| 2:05.9 | Governor Gavin Newsom's office said Monday the incentives would apply only to first-time buyers and require participating manufacturers to offer matching incentives. |
| 2:11.7 | Bloomberg News reported citing a statement from Newsom's office that under the new program, |
| 2:17.2 | passenger vehicles priced at or below $55,000 would qualify for the rebate, |
| 2:23.1 | along with $80,000 for vans, SUVs, and pickup trucks, and $25,000 for use vehicles. |
| 2:30.9 | The cutoff would mean some of Tesla's most popular models as well as one variation of |
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