盘后大涨超5%！Palantir四季度营收同比暴增70%，全年指引远超市场预期

Core Viewpoint - Palantir's fourth-quarter revenue surged 70% year-over-year to $1.41 billion, exceeding market expectations, with both government and commercial segments performing well, leading to an approximately 8% increase in stock price post-announcement [1][3][9]. Financial Performance - Revenue: $1.41 billion, surpassing analyst expectations of $1.34 billion (70% year-over-year growth, exceeding expectations by 4.9%) [4]. - Government Revenue: Grew 66% year-over-year to $570 million, exceeding the expected $522 million [4]. - Commercial Revenue: Increased 137% year-over-year to $507 million, above the forecast of $479 million; the total value of unfulfilled U.S. commercial contracts rose 145% to $4.38 billion [5]. - Adjusted EPS: $0.25, higher than the expected $0.23 (exceeding expectations by 8.6%) [6]. - Adjusted Operating Income: $798.5 million, surpassing the expected $701.1 million (operating margin of 56.8%, exceeding expectations by 13.9%) [6]. - Customer Growth: Customer count increased by 34% year-over-year and 5% quarter-over-quarter [6]. Guidance - Q1 Revenue Guidance: Expected to be between $1.532 billion and $1.536 billion, with the midpoint exceeding analyst expectations of $1.32 billion [7]. - Full-Year 2026 Revenue Guidance: Projected to be between $7.182 billion and $7.198 billion, also above FactSet's expectation of $6.22 billion [7]. Government Contracts and Controversies - Palantir's strong performance reflects robust demand from U.S. government and commercial clients for its AI technology, with significant revenue derived from government contracts, including ICE and the Department of Defense [11]. - The company faces scrutiny over its collaboration with ICE, particularly regarding its role in immigration enforcement, which has drawn criticism from various stakeholders [12]. Valuation Concerns - CEO Alexander Karp described the company's revenue growth as a "cosmic return" for supporters, emphasizing the increasing sophistication of clients understanding AI's value [13]. - Despite a strong performance, the company's valuation remains a point of contention, with some analysts expressing concerns about its high valuation relative to revenue [15]. - Notably, hedge fund manager Michael Burry has publicly criticized the stock, warning of a potential AI bubble [15][16].