Shares of Palantir Technologies (NASDAQ:PLTR) tumbled 12% Tuesday morning after the artificial intelligence data analytics firm handily beat analyst first-quarter revenue and earnings forecasts while also raising its full-year outlook.

Data-mining and analytics company Palantir (NYSE:PLTR) reported Q1 CY2025 results , with sales up 39.3% year on year to $883.9 million. On top of that, next quarter’s revenue guidance ($936 million at the midpoint) was surprisingly good and 4.

Palantir Technologies Inc.’s stock is falling more than 13% on Tuesday, despite the company’s solid first-quarter earnings and better-than-expected guidance. “Palantir is on fire,” Chief Executive Officer Alex Karp said on Monday afternoon’s earnings call,