Palantir Q2 2023 Earnings Report
Key Takeaways
Palantir Technologies Inc. announced financial results for Q2 2023, reporting GAAP net income of $28 million, marking its third consecutive quarter of GAAP profitability. Revenue grew 13% year-over-year to $533 million, with significant growth in both commercial and government sectors. The company also raised its full-year revenue guidance to in excess of $2.212 billion and expects GAAP net income in each quarter.
GAAP net income was $28 million, achieving the third consecutive quarter of GAAP profitability.
Revenue increased by 13% year-over-year to $533 million.
US commercial revenue grew 20% year-over-year.
The company raised its full year 2023 revenue guidance to exceed $2.212 billion.
Palantir
Palantir
Palantir Revenue by Segment
Palantir Revenue by Geographic Location
Forward Guidance
For Q3 2023, Palantir expects revenue between $553 - $557 million and adjusted income from operations between $135 - $139 million. The company is raising its full-year revenue guidance to in excess of $2.212 billion and adjusted income from operations guidance to in excess of $576 million. They continue to expect GAAP net income in each quarter.
Positive Outlook
- Revenue of between $553 - $557 million is expected for Q3 2023.
- Adjusted income from operations of $135 - $139 million is expected for Q3 2023.
- GAAP net income is expected for Q3 2023.
- Full year 2023 revenue guidance is raised to in excess of $2.212 billion.
- Full year 2023 adjusted income from operations guidance is raised to in excess of $576 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income