狂飙后急刹车？美股18倍AI大牛股业绩超预期，股价盘后却大跌

Core Viewpoint - Palantir Technologies experienced a significant drop of 9.25% in stock price after its earnings report failed to meet the highest expectations of investors [1]. Financial Performance - In Q1 2025, Palantir reported revenue of $884 million, a year-over-year increase of 39%, surpassing analyst expectations of $862.8 million [4]. - The adjusted earnings per share (EPS) was $0.13, in line with expectations, while the GAAP EPS was $0.08 [4]. - Revenue from commercial customers in the U.S. grew by 71% to $255 million, and revenue from U.S. government sales increased by 45% to $373 million, slightly exceeding the average analyst forecast of $358 million [4][5]. - The company reported an adjusted net income attributable to common stockholders of $334.4 million and adjusted EBITDA of $397.3 million [4]. Future Outlook - For Q2 and the full fiscal year, Palantir expects revenue to be between $3.89 billion and $3.90 billion, up from a previous forecast of $3.74 billion to $3.76 billion, with analyst expectations averaging $3.75 billion [6]. - Q2 revenue is projected to be between $934 million and $938 million [6]. - The CFO of Palantir stated the company's ambition to become "the most important software company in the world," indicating a focus on growth despite challenges [6]. Investor Sentiment - Investors have high expectations for Palantir, with the stock price reflecting a price-to-earnings ratio exceeding 200 times expected earnings, making it the highest in the Nasdaq 100 index [8]. - Analysts noted that the drop in stock price was due to expectations being set too high, with investors anticipating extraordinary performance rather than just meeting standard expectations [10].