Palantir's 90s Blowout Performance Signals Next Growth Wave

Palantir Technologies delivered a remarkable quarter that reads like a throwback to the explosive growth patterns of the 1990s tech boom. The latest financial results showcase what can only be described as a 90s-style blowout performance—a stunning demonstration of how the company has positioned itself at the epicenter of the AI-driven market surge. This wasn’t just another solid quarter; it was a period that fundamentally reaffirmed why the stock has captured investor imagination over the past year.

Record Q4 Results Smash All Metrics

The numbers tell a compelling story. Palantir posted Q4 revenue of $1.4 billion, representing a jaw-dropping 70% year-over-year increase. But the real headline lies in the sequential performance: U.S. operations generated $1.1 billion in sales, up an extraordinary 93% compared to the same period last year and an even more impressive 28% from the immediately preceding quarter. This sequential acceleration mirrors the kind of 90s blowout momentum that characterized transformative tech cycles.

The deal flow underscores this momentum in unmistakable terms. The company closed 180 deals exceeding $1 million in value, including 84 contracts worth at least $5 million and 61 deals surpassing $10 million. In total, Palantir captured more than $4.2 billion in total contract value (TCV), a staggering 130% surge from the year-earlier period. Perhaps most telling: the customer base expanded 34% year-over-year, suggesting the 90s blowout isn’t driven by a handful of mega-deals but rather widespread adoption across its addressable market.

For the complete fiscal year 2025, Palantir tallied $4.5 billion in annual revenue, representing 56% growth versus FY24. The trajectory has been consistently accelerating, with visible inflection points occurring since 2023.

Explosive Growth Metrics Reveal Market Momentum

What separates this 90s blowout from typical strong earnings is the forward visibility. Management guided for FY26 revenue of $7.2 billion, implying 61% growth compared to FY25. This isn’t casual guidance; it represents a company that sees structural tailwinds continuing to propel results higher.

The earnings momentum extends to profitability metrics as well. Analysts currently estimate FY26 EPS of $1.04 based on the Zacks Consensus, up nearly 80% over the past twelve months—a valuation repricing that reflects growing conviction about the company’s ability to sustain growth while improving operational leverage.

CEO Alex Karp articulated the strategic underpinning during recent commentary: the company is uniquely focused on capitalizing on rapid AI model advancements through operational leverage scaling. The concept of “commodity cognition”—treating advanced AI capabilities as increasingly accessible infrastructure—positions Palantir to capture disproportionate value as demand spreads from niche government and defense applications into mainstream commercial deployments.

FY26 Outlook Sustains the Momentum

The market responded enthusiastically to these results, with share price appreciation reflecting investor appetite for sustained AI exposure. While 2026 will inevitably separate AI “winners” from “losers,” Palantir’s visible pipeline and demonstrated execution provide substantial insulation against the inevitable shakeout.

The combination of accelerating revenue, expanding customer adoption, and predictable long-term guidance creates a compelling narrative. This 90s blowout quarter positions PLTR as one of the most defensible plays for investors seeking meaningful exposure to the artificial intelligence megatrend. The stock has gained nearly 90% over the past year, yet the forward earnings growth projections suggest this may represent early-innings participation in a multi-year uptrend.