- Palantir Technologies receives about 58% of its revenue from the U.S. government as of the June quarter.
- The company’s stock has surged 157% this year and is among the top-performing S&P 500 stocks in 2025.
- A $1,000 investment at Palantir’s initial 2020 public offering would have grown nearly 2,000% by 2025.
- Company executives have expressed concern over its perceived shift toward greater support for former President Donald Trump and his policies.
- Palantir will report third-quarter earnings after market close on Monday, November 3, with forecasts of $0.17 EPS and $1.18 billion in revenue.
Palantir Technologies, a provider of Artificial Intelligence-driven data analytics, saw its stock falter at the $200 mark on Thursday. This followed a broader market decline and investor caution ahead of the company’s upcoming third-quarter earnings report scheduled for Monday, November 3.
In the second quarter that ended in June, Palantir reported that approximately 58% of its total revenue came from contracts with the U.S. government. The firm’s shares have risen 157% since the start of the year, marking it as one of the five best-performing stocks in the S&P 500 for 2025. Since its initial public offering in September 2020, a long-term investor would have earned a return of nearly 2,000%—substantially outpacing the broader market, including benchmark exchange-traded funds SPDR S&P 500 ETF and Invesco QQQ Trust.
Despite these gains, some executives at Palantir have raised concerns over its evolving political stance. Communications Chief Lisa Gordon spoke at a recent industry summit, noting uneasiness about the company’s perceived alignment with the Trump administration. Gordon stated, “I think it’s going to be challenging, as a lot of the company is moving pro-Trum-, you know, is moving in a certain direction,” according to her remarks reported by CNBC. Identifying herself as a Democrat, she added, “It’s concerning… So until recently, we’re pretty much on both sides, and so it hasn’t been that challenging. I’m just starting to navigate that now, moving forward, where I feel like there’s been a shift.” She attributed CEO Alex Karp’s recent political leanings to frustration with Democratic policies.
Palantir has also made donations to projects associated with former President Trump, such as the White House ballroom renovation. The company’s official forecast for the third quarter is an earnings per share of $0.17 and revenue of $1.18 billion, as compiled by fiscal.ai consensus estimates.
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