Palantir Tops Snowflake With $1.6 Billion Q1 Revenue as Snowflake Lands $6 Billion AWS Deal
Updated
Updated · Barchart · May 29
Palantir Tops Snowflake With $1.6 Billion Q1 Revenue as Snowflake Lands $6 Billion AWS Deal
1 articles · Updated · Barchart · May 29
Palantir posted $1.6 billion in first-quarter revenue, up 85% year over year, outpacing Snowflake’s $1.39 billion and reinforcing its stronger position in enterprise AI.
Commercial demand drove much of Palantir’s surge: commercial revenue jumped 95% to $774 million, government revenue rose 76% to $858 million, and total remaining deal value reached $11.8 billion.
Snowflake still delivered a strong quarter, with revenue up 33%, adjusted EPS of $0.39, and a raised full-year product revenue forecast of $5.84 billion from $5.66 billion.
A $6 billion, five-year AWS agreement became Snowflake’s biggest catalyst, adding generative and agentic AI infrastructure support alongside expanded ties with OpenAI and SAP.
The comparison underscores a split in AI software strategy: Snowflake is gaining as a data cloud and AI platform, while Palantir is portrayed as the broader operational AI layer across enterprises and governments.
As AI infrastructure costs soar, can expensive platforms from Palantir and Snowflake truly justify their price with tangible business ROI?
Palantir aims to be AI's operating system. Can Snowflake's data-centric approach compete for ultimate enterprise AI dominance?