By Tony Sycamore
Publication Date: 2026-01-27 06:49:00
Key areas to watch
In addition to the total revenue and EPS numbers, investors will focus on several key areas in Palantir’s Q4 2025 earnings report.
Continued AIP and US business momentum
Investors will be looking for continued triple-digit commercial growth in the US, new AI Platform (AIP) bootcamps/deals and customer additions. Expansion in the commercial sector (now around 30-40% of sales) is key to diversifying beyond the government sector.
Government segment and contracts
Updates on U.S. government deals, potential international acceleration, and any risks from government funding/shutdown scenarios.
Profitability and margins
Track adjusted operating margins and free cash flow delivery toward full-year guidance of $1.9 billion to $2.1 billion. The Rule of 40 remains a flagship metric – expect comments on maintaining 100%+.
Forward guidance
Focus on the 2026 forecast as any slowdown combined with high valuations could lead to volatility.
Wider AI/competitive landscape
Any mentions of…