Palantir reports Q1 adjusted EPS 33c, consensus 28c

Reports Q1 revenue $1.63B, consensus $1.54B. “Palantir’s (PLTR) Rule of 40 score has soared to 145%. We have shattered the metric, a feat matched only by other fellow AI infrastructure companies: NVIDIA, Micron and SK hynix. Momentum surged as we grew 85% last quarter-our highest-ever year-over-year growth rate-by more than doubling our U.S. business, and now we are raising our full-year revenue guidance to 71% growth, 10 points ahead of our guidance from last quarter, driven by our confidence in an accelerating U.S. market,” said Alex Karp, Co-Founder and Chief Executive Officer of Palantir Technologies.