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Jun 30, 2023
Palantir Q2 2023 Earnings Report
Palantir achieved its third consecutive quarter of GAAP profitability, with a GAAP EPS of $0.01 in Q2 2023.
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
Revenue by Segment
Commercial Revenue
CapyFin.comGovernment Revenue
CapyFin.comRevenue by Geographic Location
U.S. Commercial Revenue
CapyFin.com 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