Loading...
•
Jun 30, 2024
Palantir Q2 2024 Earnings Report
Palantir reported a revenue growth of 27% year-over-year and raised full year revenue guidance.
Key Takeaways
Palantir's Q2 2024 earnings showcased strong growth with a 27% year-over-year revenue increase to $678 million. The company achieved a record GAAP EPS of $0.06 and raised its full-year revenue guidance, indicating continued positive momentum.
Revenue grew 27% year-over-year to $678 million.
US commercial revenue increased by 55% year-over-year.
GAAP net income was $134 million, representing a 20% margin.
GAAP earnings per share (EPS) grew 500% year-over-year to $0.06.
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.comU.S. Government Revenue
CapyFin.com Forward Guidance
Palantir anticipates revenue between $697 - $701 million and adjusted income from operations between $233 - $237 million for Q3 2024. For the full year 2024, the company raises revenue guidance to between $2.742 - $2.750 billion and US commercial revenue guidance to in excess of $672 million.
Positive Outlook
- Revenue of between $697 - $701 million is expected for Q3 2024.
- Adjusted income from operations of between $233 - $237 million is expected for Q3 2024.
- Full year 2024 revenue guidance is raised to between $2.742 - $2.750 billion.
- US commercial revenue guidance is raised to in excess of $672 million, representing a growth rate of at least 47%.
- Adjusted income from operations guidance is raised to between $966 - $974 million for the full year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income