US Stock Market Move | Q4 performance greatly exceeds expectations, Palantir (PLTR.US) surges nearly 12% in pre-market trading.

On Tuesday, Palantir (PLTR.US) surged nearly 12% in pre-market trading, reaching $165.30 per share. On the news front, the company's fourth-quarter revenue skyrocketed 70% year-on-year to $1.41 billion, with earnings per share of 25 cents surpassing the average expectation of 23 cents. Additionally, the company released a revenue outlook for the fiscal year 2026 that far exceeded Wall Street expectations, projecting annual revenue of $7.18 billion to $7.2 billion, surpassing analysts' average estimate of $6.27 billion. Its sales forecast of around $1.53 billion for the current quarter also beat market expectations. In a letter to shareholders, CEO and co-founder Alexander's, Inc. Kapu cited American historian Christopher Rush's intellectual legacy, referring to the accelerated revenue growth of the company as a "cosmic level return" for supporters. He described Palantir's software systems used by government agencies such as ICE and the Department of Defense as "able to prevent unconstitutional intrusions into citizens' private lives," but did not specify the technical implementation.