By Sean Williams
Publication Date: 2026-05-11 08:06:00
Although the busiest week of earnings season is now in the rearview mirror, the most consequential report of the quarter is yet to come. Graphics processing unit (GPU) goliath Nvidia (NVDA +1.73%) is slated to lift the hood on its fiscal first-quarter operating results (ending April 26) after the closing bell on Wednesday, May 20.
While all signs continue to point to Nvidia delivering sales and profit growth that’ll easily hurdle Wall Street analysts’ expectations, artificial intelligence (AI) data-mining specialist Palantir Technologies (PLTR +0.52%) just showed investors why that might not be enough.
Image source: Getty Images.
History has a way of rhyming on Wall Street
For all intents and purposes, Palantir crushed expectations with its first-quarter operating results. Revenue soared 85% to $1.63 billion on the heels of 84% growth in U.S. government revenue and a more-than-doubling in U.S. commercial sales. CEO Alex Karp also upped Palantir’s 2026 full-year sales guidance from 61% sales growth to a new projection of 71%.
Palantir is Wall Street’s shining star of AI applications in action, with AI powering the Gotham software-as-a-service platform that the U.S. government relies on to plan and execute military missions.
Today’s Change
(0.52%) $0.71
Current Price
$137.76
Key Data Points
Market Cap
$330B
Day’s Range
$133.03 – $137.88
52wk Range
$115.01 – $207.52
Volume
1.7M
Avg Vol
50M
Gross Margin
84.07%
Despite this staggering growth, Palantir shares have lost more than 8% of…
