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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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