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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.
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 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income