Welcome to our dedicated page for Palantir Technologies news (Ticker: PLTR), a resource for investors and traders seeking the latest updates and insights on Palantir Technologies stock.
Palantir Technologies Inc. (NASDAQ: PLTR) is a Denver-based analytical and AI software company that serves government and commercial customers. The Palantir news page on Stock Titan aggregates coverage of the company’s announcements, partnerships, contracts, and financial reporting so investors can understand how its software is being adopted across sectors.
News about Palantir often highlights its work with national security and government agencies, such as multi-year renewals with intelligence services and large-scale deployments with the U.S. Navy to modernize the shipbuilding supply chain through initiatives like ShipOS. These stories show how Palantir’s platforms are used in complex, mission-focused environments.
Palantir also features in commercial and ecosystem news. Examples include expanded global partnerships with firms like Accenture to help enterprises integrate data and scale AI, collaborations with utilities and energy companies through the Chain Reaction initiative for AI infrastructure, and work with aviation and air mobility providers using Palantir’s platforms to power operational software like SurfOS. Additional coverage follows applications of Palantir’s software in sports and media, such as AI and computer vision projects with Teton Ridge in rodeo.
Investors and followers can also find updates on Palantir’s security and compliance milestones, including certifications that open new markets, as well as notices about upcoming earnings releases, webcasts, and related investor materials. This page is a useful reference for tracking how Palantir’s contracts, partnerships, and regulatory developments evolve over time and how they relate to the company’s role in AI, data analytics, and critical infrastructure.
Palantir Technologies reported strong financial results for Q1 2021, with total revenue up 49% year-over-year to $341 million. US commercial revenue surged 72%, while US government revenue soared 83%. The company achieved a cash flow from operations of $117 million, reflecting a 34% margin. Adjusted free cash flow reached $151 million, representing a 44% margin. Despite a GAAP net loss per share of $(0.07), adjusted earnings per share were $0.04. Palantir expects Q2 2021 revenue of $360 million, a 43% increase year-over-year, with long-term revenue growth guidance of 30% through 2025.
Palantir Technologies announced the U.S. Coast Guard has extended its contract to use Palantir's software for pandemic response, originally started in April 2020. The renewal has a base value of $6.25 million with a potential total of $11.25 million over nine months. This software facilitates centralized collaboration, offering real-time data visibility for decision-making, including resource allocation for vaccines. Palantir has assisted over 100 organizations in pandemic-related operations, enhancing readiness within the Coast Guard.
Palantir Technologies has appointed Dr. William J. Kassler, MD, MPH, as its first US Government Chief Medical Officer, enhancing its capabilities in the health sector. Dr. Kassler brings extensive experience from IBM Watson Health and the Centers for Medicare and Medicaid Services. Under his leadership, Palantir aims to continue its expansion in public and commercial health, building on its role during the Covid-19 pandemic. The company has recently strengthened its healthcare team, with a focus on addressing significant health challenges globally.
Palantir Technologies Inc. (NYSE: PLTR) is set to release its Q1 2021 results on May 11, 2021, before U.S. market opens. A conference call will follow at 6:00 am MT / 8:00 AM ET. Investors can access a live webcast and replay through their investor relations website. Shareholders are encouraged to submit and upvote questions for the earnings call via a designated Q&A platform, which will be open until 24 hours prior to the event. Palantir specializes in creating enterprise data platforms aimed at managing complex and sensitive data.
Palantir Technologies (NYSE:PLTR) and Ringier AG have renewed their strategic partnership to enhance Ringier's digital transformation. Utilizing Palantir's Foundry software, Ringier aims to optimize data management to better serve its audience and increase revenue for quality journalism. Foundry integrates siloed data for improved decision-making across the enterprise, enabling data-driven insights for newsrooms and advertising departments. Over 85% of Blick.ch's newsroom team uses Foundry daily for analytics, reflecting its importance in Ringier's operations.
Palantir Technologies (NYSE: PLTR) announced updates on its Foundry capabilities during the "Double Click" demo event set for April 14, 2021. Foundry is used by industrial clients across sectors to optimize operations, manage predictive maintenance, and forecast network health. Key features include chained model simulations, dynamic orchestration of IoT data, and a query optimizer that enhances performance. Additionally, Foundry's new Quality and Supply Chain Archetypes allow for rapid issue identification and supply chain optimization, respectively.
Palantir Technologies (NYSE:PLTR) has been awarded a contract valued up to $89.9 million from the National Nuclear Security Administration (NNSA) for a duration of up to 5 years. This contract marks Palantir's first engagement with the NNSA and involves the SAFER project, aimed at enhancing the management of nuclear security through effective knowledge management and data-driven decision-making. The project will integrate safety metrics across the organization, enabling better resource allocation and safety program evaluation.
Palantir Technologies (NYSE:PLTR) announced enhancements to its Foundry platform at the upcoming Double Click event on April 14, 2021, showcasing its Life Sciences capabilities. Key updates include interoperable research tools, purpose-based access controls, and model management functionalities aimed at supporting drug discovery and vaccine distribution. Foundry has been utilized by various institutions, such as the NHS and NIH, to manage extensive health data and support over 150 research projects, signifying its vital role in the healthcare landscape.
Palantir Technologies (NYSE:PLTR) has formed a six-year strategic partnership with Faurecia, a leading automotive tech firm, to enhance Faurecia's digital transformation and CO2 neutrality efforts. Utilizing Palantir's Foundry software, Faurecia aims to optimize data integration across various departments, improve material consumption, and boost R&D competitiveness. This partnership is notable as it marks Palantir's first engagement with an automotive supplier based in France, further broadening its presence in the automotive sector.
Palantir Technologies (NYSE:PLTR) announces the launch of its "Double Click" demo events starting on April 14, 2021, at 11:00 AM ET. These events aim to showcase the application of Palantir's software across various industries. The first event focuses on demonstrations of Palantir Foundry for life sciences and industrials, presenting use cases such as harmonized patient views and production optimization. Registration is required, and capacity is limited, closing 24 hours before the event.
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