Palantir stock popped more than 7% Tuesday after the software analytics provider lifted its full-year outlook, boosted by the artificial intelligence wave. U.S. revenues grew 68% year over year $733 million, while U.S. commercial revenues nearly doubled from $306 million in the year-ago period. CEO Alex Karp called the earnings results a "once in a generation, truly anomalous quarter" during an earnings call with analysts. Palantir's U.S. government revenues rose 53% from the year-ago period to $426 million ...

Core Insights - The AI revolution is expected to continue its momentum, with Palantir being highlighted as a top AI stock for potential returns in the coming years [1] - Palantir has achieved significant financial milestones, including its first quarter with revenue exceeding $1 billion and impressive year-over-year growth rates [2] Financial Performance - Palantir's revenue for the latest quarter surpassed $1 billion, resulting in a 5.2% increase in share price to $169 in premarket trading [2] - The U.S. commercial unit experienced astounding revenue growth of 93% year-over-year, while U.S. government revenue grew by 53% year-over-year [2] - Adjusted operating income and free cash flow were also strong, with revenue guidance for FY25 raised to $4.14 billion to $4.15 billion [2] Strategic Outlook - CEO Alex Karp expressed confidence in the company's growth trajectory, predicting a tenfold increase in U.S. commercial revenue over the next five years [3] - Palantir's "Rule of 40" score, a key metric in the SaaS industry, was reported at 94%, indicating robust health and sustainability [3] - The company continues to leverage AI technology, which is seen as a significant driver of its growth [3]