Palantir (PLTR) is set to report fourth-quarter earnings on Monday, and investors will watch out for the company’s expanding artificial intelligence (AI) partnerships as well as defense contracts growth amid global political uncertainty.
Wall Street expects the company to post earnings per share of $0.23, implying a 64.3% year-over-year increase, while revenue is expected to rise 61.9% to $1.34B for the quarter.
Palantir’s CFO David Glazer, during the Q3 earnings call, said that the firm set Q4 2025 revenue guidance at $1.329B and raised full-year 2025 revenue guidance midpoint to $4.398B, a 53% year-over-year increase and $252M above last quarter’s guidance.
Analysts are bullish about Palantir on the back of stronger demand from governments amid geopolitical tensions as well as its growth in commercial markets.
Citi Research upgraded PLTR to Buy/High Risk from Neutral/High Risk, increasing the price target to $235 from $210, implying nearly 55% upside from Thursday’s close of $151.86.
“2026 themes around Enterprise AI+ Agentic expansion and the renewed urgency around defense globally are acutely aligned to PLTR’s strength around data ontology and forward-deployed engineering,” Citi analyst Tyler Radke highlighted, adding that, “We expect significant upside revisions to FY26 estimates driven by the strength of US Commercial, where its remaining deal value (RDV) has grown at triple digits every quarter in FY25.”
In terms of commercial expansion, the firm, during its Q3 earnings call, said that customers are now approaching Palantir for enterprise-wide deployments rather than single-use cases.
Phillip Capital initiated a Buy rating with a price target of $208, implying nearly 37% upside from Thursday’s close of $151.86.
The brokerage firm, in its research note, stated that the company’s revenue mix is shifting, with commercial revenue projected to grow 51%, outpacing government revenue at 43%, driven by increased AI adoption in enterprises and expansion beyond defense into broader industry use cases.
Seeking Alpha analysts also consider it a Buy.
Palantir’s shares have gained 90% over the past one year, outperforming the broader S&P 500, which rose over 15% during the same period.
However, Seeking Alpha’s Quant rating system and Wall Street analysts are cautious, rating PLTR a Hold.
Over the last 2 years, PLTR has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time.
Over the last three months, EPS and revenue estimates have seen 21 and 20 upward revisions, respectively, with no downward revisions