Remember when everyone was saying the AI party was winding down? Yeah, well, Palantir just walked into the room and cranked the music back up to 11.
While tech bros everywhere were nervously checking their portfolios and wondering if we’d hit peak AI hype, Palantir dropped earnings numbers that basically said “hold my beer” to all the doubters.
The Numbers Don’t Lie (Unlike Your Ex)
Here’s the tea: Palantir just posted 48% revenue growth year-over-year, hitting just over $1 billion. That’s not a typo – we’re talking about their fastest growth rate ever. Four years ago, these guys were pulling in less than $400 million per quarter. Now they’re scaling like a tech startup that actually figured out how to make money.
But wait, there’s more! (I know, I sound like a late-night infomercial, but stick with me.) Operating income jumped 80%. That’s the kind of profit growth that makes CFOs do happy dances in boardrooms.
AI Is Eating the World (And Palantir’s Got the Biggest Fork)
Here’s what’s really wild – this isn’t just one sector going crazy for AI. Both government and commercial clients are throwing money at Palantir like they’re at a strip club for data nerds. Government revenue up 49%, commercial up 46%. It’s like AI fever, but instead of cowbell, everyone needs more Palantir.
They closed 157 deals worth over $1 million this quarter. Ninety-six were worth more than $5 million. Forty-two crossed the $10 million mark. Their top 20 customers are now averaging $75 million per year – a 30% jump from last year. That’s not growth, that’s a rocket ship with a really good accountant.
Real Results, Not Just Buzzword Bingo
But here’s where it gets actually impressive (beyond the money porn). Palantir isn’t just selling expensive software that sits in a corner looking pretty. They’re delivering results that sound like science fiction:
• Citigroup went from taking 9 days to onboard clients to doing it in seconds. That’s not improvement, that’s time travel.
• Nebraska Medicine increased their discharge lounge usage by 2,100% – basically adding a whole new hospital wing without breaking ground.
• They just landed a 10-year, $10 billion deal to give the entire U.S. Army an AI makeover.
The Secret Sauce: Using AI to Sell AI
Here’s the genius part that most people miss – Palantir is using their own AI tools to run their business. While revenue shot up 48%, their operating expenses only grew 27%. That’s like having your cake, eating it, and somehow ending up with more cake.
They’re basically the drug dealer who doesn’t get high on their own supply, except in this case, getting high on your own supply actually makes you better at dealing drugs. (Okay, that metaphor got weird, but you get it.)
The Bigger Picture: Robots Are Coming (But in a Good Way)
This Palantir earnings beat isn’t just about one company crushing it. It’s a preview of what happens when AI stops being a cool tech demo and starts running the actual world. We’re talking about robots in warehouses, AI managing supply chains, and machines making decisions that used to require entire teams of humans.
Amazon already has a million robots in their warehouses – they’re practically outnumbering human workers at this point. We’re not just watching the future anymore; we’re living in it, and it’s making some people very, very rich.
The Bottom Line
If you thought the AI boom was over, Palantir just served you a reality check with a side of humble pie. This isn’t the end of the AI revolution – it’s barely the beginning. And while everyone else is wondering if they missed the boat, companies like Palantir are building bigger boats and charging premium prices for tickets.
The smart money isn’t asking if AI is overhyped anymore. They’re asking which companies will be left standing when the dust settles and the robots take over. Based on these numbers, Palantir just raised their hand and said “present.”