The earnings call highlighted significant growth and achievements, particularly in the U.S. market, with strong revenue and cash flow figures, inclusion in the S&P 500, and high operating margins. However, challenges in international markets and reduced revenue from strategic contracts were noted. Overall, the sentiment is largely positive due to the overwhelming growth and financial performance.

Company Guidance

In the Q3 2024 earnings call, Palantir reported exceptionally strong results with a 30% year-over-year revenue growth, driven by the intensifying AI revolution. The company's U.S. business experienced 44% year-over-year and 14% sequential revenue growth, with the U.S. government sector seeing a 40% year-over-year and 15% sequential increase. The U.S. commercial segment continued its momentum with a 54% year-over-year and 13% sequential revenue growth. Palantir highlighted the impact of its AI Platform (AIP) in various sectors, such as insurance and rail, delivering significant operational improvements and financial outcomes, including reducing underwriting response times from two weeks to just three hours. The company closed 104 deals over $1 million last quarter, with U.S. commercial total contract value (TCV) reaching nearly $300 million, and customer count growing 77% year-over-year. Palantir's strategic focus remains on leveraging AI models in production, emphasizing the importance of contextual integration within enterprises to maintain market differentiation. The company's robust financial performance led to an increase in full-year revenue guidance to $2.807 billion, representing a 26% year-over-year growth rate, and a raised adjusted free cash flow guidance to over $1 billion.

Exceptional Revenue Growth

Revenue grew 30% year-over-year in Q3, with U.S. business achieving 44% year-over-year and 14% sequential revenue growth.

Significant U.S. Government Business Growth

U.S. government business revenue grew 40% year-over-year and 15% sequentially, marking the strongest growth in 15 quarters.

Record Cash Flow

Palantir generated $420 million in cash from operations and $435 million in adjusted free cash flow, representing margins of 58% and 60%, respectively.

Inclusion in S&P 500

Palantir was added to the S&P 500, underscoring sustained profitability and growth.

Strong Commercial Business Performance

U.S. commercial business grew 54% year-over-year and 13% sequentially, with customer count growing 77% year-over-year.

High Adjusted Operating Margin and Cash Flow

The company reported an adjusted operating margin of 38% and adjusted free cash flow of 60%, with a Rule of 40 score increasing to 68.

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Palantir Technologies (GB:0A7R) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GB:0A7R Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2020	2020 (Q3)	- / 0.05	-0.081	164.20% (+0.13)	―	―
Feb 16, 2021	2020 (Q4)	- / 0.07	-0.092	173.91% (+0.16)	―	―
May 11, 2021	2021 (Q1)	0.04 / 0.04	-0.031	229.03% (+0.07)	―	―
Aug 12, 2021	2021 (Q2)	0.04 / 0.04	0.01	300.00% (+0.03)	―	―
Nov 09, 2021	2021 (Q3)	0.04 / 0.04	0.052	-23.08% (-0.01)	―	―
Feb 17, 2022	2021 (Q4)	0.04 / 0.02	0.068	-70.59% (-0.05)	―	―
May 09, 2022	2022 (Q1)	0.04 / 0.02	0.04	-50.00% (-0.02)	―	―
Aug 08, 2022	2022 (Q2)	0.03 / -0.01	0.04	-125.00% (-0.05)	―	―
Nov 07, 2022	2022 (Q3)	0.02 / 0.01	0.04	-75.00% (-0.03)
Feb 13, 2023	2022 (Q4)	0.03 / 0.04	0.02	100.00% (+0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:0A7R Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 04, 2024	$41.68	$50.95	+22.24%
Aug 05, 2024	$23.75	$27.11	+14.13%
Feb 05, 2024	$16.62	$21.55	+29.63%
Nov 02, 2023	$17.93	$18.88	+5.30%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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