Palantir raises annual revenue forecast again on surging AI demand
1. Palantir raised 2025 revenue forecast to $4.14-$4.15 billion, above estimates. 2. Demand for AI services is driving revenue growth from businesses and governments. 3. Shares rose over 2% in after-hours trading, doubling in value this year. 4. U.S. government sales increased 53%, constituting over 42% of total revenue. 5. Palantir expects substantial U.S. Army contract worth up to $10 billion.