Palantir delivered its first-quarter 2025 earnings report in early May. Revenue grew 39% year over year, with U.S. commercial sales up 71% and U.S. government sales up 45%. That's along with a 39% increase in total customer count year over year, and an 8% quarter-to-quarter gain.

Palantir Technologies stock just hit another record, but the lofty valuation of the defense-focused artificial-intelligence software company has analysts questioning whether it can go much higher. Palantir stock fell 1.

PLTR has continued its stock market ascent, driven by relentless investor enthusiasm for its AI-powered platforms serving both government and commercial sectors.