New York, New York
— November 2, 2025

Palantir Earnings Preview: NVIDIA Partnership, Growth Expectations, and the AI Playbook

Palantir reports earnings this week, and expectations couldn’t be higher.
The stock has exploded up 378% over the past year and 1,250% in two years. It’s been fueled most recently by a massive partnership announcement with NVIDIA at last week’s GTC conference.

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The NVIDIA Connection: Brain Meets Engine

Palantir’s new deal with NVIDIA allows its AI operating system software to integrate directly with NVIDIA’s powerful GPU infrastructure. Think of it like this: Palantir is the brain, NVIDIA is the engine.

Palantir’s software helps enterprises make sense of data across complex systems. For example surfacing insights, alerts, and actionable recommendations. With NVIDIA’s hardware power behind it, the system can now run faster simulations, perform real-time analysis, and even automate certain decisions under human supervision which is a major leap for enterprise AI.

This partnership isn’t just symbolic, it has tangible commercial implications. It gives Palantir a stronger foothold outside of its core government contracts and into private sector deals where NVIDIA hardware already dominates.

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Earnings Expectations

Wall Street is projecting $1.1 billion in revenue and $0.15 EPS for the quarter.
Investors will be watching for:

• Revenue mix between Government vs. Commercial segments (NVIDIA partnership likely boosts commercial)
• Forward guidance for 2025 and any commentary on AI product monetization
• Profitability trends, given Palantir’s high valuation (forward P/E around 270x)

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The Bigger Picture

Palantir has built its brand around national security and defense contracts, but this new NVIDIA partnership signals a potential pivot. One that positions it as a true commercial AI platform.
If the rollout goes well, it could mark the next leg of the company’s growth story and justify some of its lofty valuation multiples.

At Wall Street Game Notes, we’ll be watching the earnings call closely for updates on:

• Early customer adoption of NVIDIA-powered Palantir products
• Government contract renewals
• Expansion in Europe and Asia

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Our Take

Palantir has always been a story stock. It’s part tech, part defense, part mystery.
But with AI demand surging, this might be the moment where hype meets execution.
We like the setup heading into earnings but remain cautious given the valuation and volatility.

Stay tuned for our full Palantir Earnings Debrief after the call.