Palantir raises the annual revenue expectations again on the high demand for artificial intelligence

On Monday, Palantir Technologies raised the annual revenue expectations for the second time this year, expecting a strong request to its services related to Amnesty International from companies and governments, and sends 5 % shares in extended trading.

With the support of CIA, the company benefited from its experience in managing and analyzing data to help train and operate new artificial intelligence applications using its platforms.

The data analysis company and defense programs expected revenues in the range of $ 4.14 billion to $ 4.15 billion for 2025, an increase of its previous expectations ranging between 3.89 billion dollars and 3.90 billion dollars.

High expectations are also higher than the average estimate of analysts of $ 3.90 billion, according to the data collected by LSEG.

“It continues to fly increasing the increasing high expectations,” said Luria’s generation, an analyst at Da Davidson, who got a “neutral” rating on the arrow.

“The only way to describe their path is: equivalent.”

The value of the shares of the interflies increased more than twice this year, which has much exceeded the gain by 6 % for the S&P 500, as investors are betting on their ability to benefit from the spread of artificial intelligence technology and government spending on defense technology.

The company, which it participated in its founding by Technical billionaires, Peter Thil, said that it expects the revenues derived from American companies will come by more than $ 1.30 billion, up from its previous directives, which exceeds $ 1.18 billion.

This work is closely monitored as it works to reduce its dependence on government contracts.

Sales to the United States government jumped by 53 % to 426 million dollars, representing more than 42 % of the total second -quarter revenue worth about one billion dollars, which won the estimates. Modified profits in the second quarter of 16 cents per share, won 14 cents estimates.

“They have an accelerated on both sides (commercial and government),” Louor said.

“On the government side, their capabilities have reached a point where the main contractor can be increasingly large projects.”

Last week, the US military said it might buy services of up to $ 10 billion from Baltreer over a decade.

The company also expected the third quarter sales above.