Markets
Palantir reports Q3 numbers
UK Defence Secretary John Healey and Palantir Technologies CEO Alex Karp in September (Lucy North/Getty Images)

Palantir posts ninth straight earnings beat, boosts guidance

Here’s how the numbers look.

Matt Phillips

Defense and AI software maker Palantir Technologies reported its Q3 numbers after the close of trading on Monday, topping earnings estimates for the ninth quarter in a row.

Here’s how things shaped up for the retail trader favorite, which was the best-performing stock in the S&P 500 last year:

  • Adjusted earnings per share of $0.21 vs. Wall Street expectations for $0.17.

  • Sales of $1.18 billion vs. an expected $1.09 billion, per FactSet data.

  • Q3 sales grew 63% year over year vs. a 50.5% Wall Street expectation. (Palantir CEO Alex Karp described it as “an accelerating and otherworldly growth rate.”)

  • Palantir now sees Q4 2025 revenue in the range of $1.327 billion to $1.331 billion, vs. Wall Street expectations for $1.18 billion.

  • Palantir now sees full-year 2025 revenue in the range of $4.396 billion to $4.400 billion, vs. its most recent guidance of $4.14 billion to $4.15 billion and Wall Street expectations for $4.139 billion.

  • US commercial software sales grew 121% to hit $396.7 million.

  • US government software sales grew 52% to $486 million.

Shares whipsawed after-hours and were recently essentially flat.

Palantir is on track for its second straight year of remarkable market gains. The stock — which has become a favorite of retail traders — is up more than 150% so far in 2025, and that follows the 340% return it notched in 2024 that made it a darling of retail investors.

“Palantir has made it possible for retail investors to achieve rates of return previously limited to the most successful venture capitalists in Palo Alto,” Karp said in a letter accompanying the results. “And we have done so through authentic and substantive growth.”

At the same time, gains mean that even as Palantir has generated some of the fastest realized sales and profit in the S&P 500, that’s done little to fix the one persistent issue that’s been spotlighted about the stock: it has one of the most insane valuations ever seen for a company of its size.

But hey, it keeps going up.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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