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Sep 30, 2023
Palantir Q3 2023 Earnings Report
Palantir achieved its fourth consecutive quarter of GAAP profitability with a GAAP EPS of $0.03.
Key Takeaways
Palantir Technologies Inc. announced financial results for the third quarter ended September 30, 2023, achieving its fourth consecutive quarter of GAAP profitability. Revenue grew 17% year-over-year to $558 million, with GAAP net income of $72 million and GAAP EPS of $0.03.
GAAP net income of $72 million, representing a 13% margin.
Revenue grew 17% year-over-year to $558 million.
Commercial revenue grew 23% year-over-year to $251 million.
US commercial revenue grew 33% year-over-year to $116 million.
Revenue by Geographic Location
Forward Guidance
For Q4 2023, Palantir expects revenue of between $599 - $603 million and adjusted income from operations of $184 - $188 million. The company is raising its full year 2023 revenue guidance to between $2.216 - $2.220 billion and adjusted income from operations guidance to between $607 - $611 million. They continue to expect GAAP net income in each quarter of this year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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