Palantir: Seriously?

So, Palantir (PLTR +4.38%). Up today. Massively. Eleven-point-seven percent, they said. Then it settled down to a still-substantial 6.8%. Honestly, it’s just… irritating. The whole thing. It’s like they want to make a point. Like, “Look at us, we’re growing!” Okay, good for you. But do we have to be informed about it every five minutes? I mean, I checked my portfolio. I didn’t ask for an update. And now, here we are, talking about it.

They had a quarter, apparently. A good one. Record revenue, $1.4 billion. Seventy percent year-over-year. It’s just… excessive. It’s like they’re trying to outdo everyone. Like revenue is some kind of competition. And the tenth successive quarter of accelerating growth? Who’s keeping track? It’s unsettling. They beat expectations, naturally. Wall Street was expecting $1.34 billion and they delivered $1.4. It’s like they’re deliberately trying to lower the bar, then dramatically clearing it. It’s manipulative, frankly.

This Artificial Intelligence Platform (AIP). That’s what they’re calling it. AIP. It sounds… ominous. And it’s driving the growth. U.S. government revenue up 66%? Of course. They always get the government contracts. It’s practically guaranteed money. But the U.S. commercial revenue—up 137%—that’s the real problem. That’s the stuff that’s going to make things complicated. Soon it’ll be bigger than the government contracts. Then where will we be? It’s a slippery slope, I tell you.

Margins, they say, are expanding. Gross profit margin up to 84.6%. What does that even mean? It sounds… suspicious. Like they’re hiding something. And the net profit margin rose to 43.4%. It’s all just numbers. Meaningless numbers. They’re trying to impress us with percentages. It’s insulting. It’s like they think we’re easily swayed by… arithmetic.

And then, the guidance. Preliminary guidance for 2026. $7.19 billion in revenue. Sixty-one percent growth. Nearly a billion dollars above what everyone expected. It’s just… showboating. They’re practically taunting the analysts. “Oh, you thought we were going to grow at a certain rate? Surprise!” It’s needlessly dramatic. I swear, the arrogance of these people.

Wall Street scrambled to update their models, of course. Upgrades, price target increases… the whole predictable circus. It’s a self-fulfilling prophecy. They create the hype, then act surprised when the stock goes up. It’s… exhausting.

Okay, let’s be clear. The stock is still wildly expensive. 366 times earnings. 111 times next year’s expected earnings. It’s absurd. But, they say, if they continue to grow at this rate, it could be a bargain. A bargain! Like we’re all supposed to just ignore basic financial principles and blindly follow the hype. It’s infuriating. I’m telling you, it’s infuriating. I need a nap.

2026-02-03 19:23

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