Palantir's Q1 revenue jumps 85%, beating estimates with strong U.S. AI demand.

Palantir reported an 85% year-over-year revenue increase to $1.63 billion in Q1, surpassing analyst expectations of $1.54 billion. The company's adjusted earnings per share also beat forecasts, coming in at 33 cents versus the expected 28 cents. This growth was driven primarily by strong demand for Palantir's artificial intelligence solutions in the U.S. market. The results highlight Palantir's expanding role in AI technology and suggest continued momentum moving forward.