Palantir reported results after the market close on Monday, and to say it crushed expectations might be an understatement. Not only did the company easily surpass estimates, but management's guidance suggests its growth will continue to accelerate.

Palantir Technologies saw its shares soar over 15% in after-hours trading on Monday after the company posted stronger-than-expected fourth-quarter earnings and revenue, fueled by its expanding artificial intelligence capabilities and growing demand from both government and commercial clients.