Markets
Palantir reports Q3 numbers
UK Defence Secretary John Healey and Palantir Technologies CEO Alex Karp in September (Lucy North/Getty Images)

Palantir posts ninth straight earnings beat, boosts guidance

Here’s how the numbers look.

Matt Phillips

Defense and AI software maker Palantir Technologies reported its Q3 numbers after the close of trading on Monday, topping earnings estimates for the ninth quarter in a row.

Here’s how things shaped up for the retail trader favorite, which was the best-performing stock in the S&P 500 last year:

  • Adjusted earnings per share of $0.21 vs. Wall Street expectations for $0.17.

  • Sales of $1.18 billion vs. an expected $1.09 billion, per FactSet data.

  • Q3 sales grew 63% year over year vs. a 50.5% Wall Street expectation. (Palantir CEO Alex Karp described it as “an accelerating and otherworldly growth rate.”)

  • Palantir now sees Q4 2025 revenue in the range of $1.327 billion to $1.331 billion, vs. Wall Street expectations for $1.18 billion.

  • Palantir now sees full-year 2025 revenue in the range of $4.396 billion to $4.400 billion, vs. its most recent guidance of $4.14 billion to $4.15 billion and Wall Street expectations for $4.139 billion.

  • US commercial software sales grew 121% to hit $396.7 million.

  • US government software sales grew 52% to $486 million.

Shares whipsawed after-hours and were recently essentially flat.

Palantir is on track for its second straight year of remarkable market gains. The stock — which has become a favorite of retail traders — is up more than 150% so far in 2025, and that follows the 340% return it notched in 2024 that made it a darling of retail investors.

“Palantir has made it possible for retail investors to achieve rates of return previously limited to the most successful venture capitalists in Palo Alto,” Karp said in a letter accompanying the results. “And we have done so through authentic and substantive growth.”

At the same time, gains mean that even as Palantir has generated some of the fastest realized sales and profit in the S&P 500, that’s done little to fix the one persistent issue that’s been spotlighted about the stock: it has one of the most insane valuations ever seen for a company of its size.

But hey, it keeps going up.

More Markets

See all Markets
markets
Nate Becker

WSJ reports GameStop is preparing an offer for eBay and has quietly been building a stake in the company

GameStop is preparing an offer for eBay and has been quietly building a stake in the company, according to a report from The Wall Street Journal, a move it calls “part of CEO Ryan Cohen’s audacious plan to turn the trailer into a $100 billion-plus juggernaut.”

From WSJ:

GameStop, which has a market value of around $12 billion, has been quietly building a stake in eBay’s shares ahead of a potential offer, the people said. EBay is several times GameStop’s size, with a market value of around $46 billion. 

GameStop could submit an offer for eBay as soon as later this month, the people said. 

If eBay isn’t receptive, Cohen could decide to take the offer directly to eBay’s shareholders, one of the people added. Details of the potential offer for eBay couldn’t be learned. 

Shares of GameStop rose 7.4% after hours following the report, while eBay soared 12%. 

GameStop Preparing Offer for eBay

GameStop Preparing Offer for eBay

GameStop, which has a market value of around $12 billion, has been quietly building a stake in eBay’s shares ahead of a potential offer, the people said. EBay is several times GameStop’s size, with a market value of around $46 billion. 

GameStop could submit an offer for eBay as soon as later this month, the people said. 

If eBay isn’t receptive, Cohen could decide to take the offer directly to eBay’s shareholders, one of the people added. Details of the potential offer for eBay couldn’t be learned. 

Shares of GameStop rose 7.4% after hours following the report, while eBay soared 12%. 

Tasha Matsumoto
5/1/26
Stocks set second consecutive closing highs

The S&P 500 posted its fifth weekly gain, its longest weekly winning streak since 2024.

Chicago Bulls Dennis Rodman (91), Scottie Pippen (33) and Michael Jordan (23) during game vs Miami Heat. Miami, FL 2/23/1996
Max Knoblauch

US airlines pop on report Spirit preparing to shut down as government rescue deal fails to gain support

US airlines are spiking on Friday following a Wall Street Journal report that low-budget carrier Spirit Airlines is preparing to shut down. According to CBS News, the airline could cease operations as early as Saturday, barring an intervention.

In late April, President Trump said he would “love somebody to buy Spirit.” The administration weighed a $500 million rescue package, though it received significant blowback from members of Congress and ultimately didn’t receive support from Spirit’s creditors.

On Friday, Trump told reporters that the administration has given Spirit a “final proposal.”

Shares of Spirit’s rivals surged on the report, with budget carriers like Frontier Airlines and JetBlue climbing by double digits. The big four — Delta Air Lines, United Airlines, American Airlines, and Southwest Airlines — rose by low single digits. Alaska Air and Allegiant also saw a bump.

markets
Helena Cheng

Estée Lauder gets a glow-up after earnings beat, guidance hike

Estée Lauder shares are soaring after the beauty giant released Q3 earnings results that topped expectations and raised its full-year outlook, while also expanding its restructuring plan.

The key numbers:

  • Revenue of $3.71 billion (compared to analysts’ estimate of $3.69 billion).

  • Adjusted earnings per share of $0.91 (estimate: $0.65).

Estée Lauder also lifted its full-year earnings outlook to a range of $2.35 to $2.45 per share, up from $2.05 to $2.25 previously.

The bottom line is getting flattered by job cuts, with management increasing that target to as many as 10,000 roles, up from a prior range of 5,800 to 7,000, as part of a broader effort to streamline operations and shift toward faster-growing sales channels.

The rally comes after a tough stretch for the stock, which is down more than 20% year to date, with the results inspiring hope that its turnaround efforts will bear fruit.

CEO Stéphane de La Faverie said fiscal 2026 is “promising to be the pivotal year we intended,” with the company expecting to restore organic sales growth and expand margins for the first time in four years.

Amid these positive signals, Estée Lauder flagged risks from tariffs, geopolitical tensions, and potential disruptions tied to the Middle East.

Matt Phillips
5/1/26

FLASHBACK

Stocks like Dell, Intel, Sandisk, Western Digital, and Cisco are on fire.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Derivatives, LLC, or Robinhood Money, LLC. Futures and event contracts are offered through Robinhood Derivatives, LLC.
©2026 Sherwood Media, LLC