Palantir Q3 2024 Earnings Report
Key Takeaways
Palantir reported a 30% year-over-year increase in revenue, reaching $726 million. U.S. revenue grew by 44% year-over-year. The company achieved a GAAP EPS of $0.06 and raised its full-year guidance for revenue, U.S. commercial revenue, and adjusted free cash flow.
U.S. revenue increased by 44% year-over-year, reaching $499 million.
Overall revenue grew by 30% year-over-year to $726 million.
GAAP net income was $144 million, representing a 20% margin.
Adjusted free cash flow was $435 million, representing a 60% margin.
Palantir
Palantir
Palantir Revenue by Geographic Location
Forward Guidance
Palantir expects Q4 2024 revenue to be between $767 million and $771 million, with adjusted income from operations between $298 million and $302 million. For the full year 2024, revenue guidance is raised to between $2.805 billion and $2.809 billion, U.S. commercial revenue is expected to exceed $687 million, and adjusted free cash flow is projected to be over $1 billion.
Positive Outlook
- Revenue of between $767 - $771 million for Q4 2024.
- Adjusted income from operations of between $298 - $302 million for Q4 2024.
- Revenue guidance raised to between $2.805 - $2.809 billion for full year 2024.
- U.S. commercial revenue guidance raised to in excess of $687 million for full year 2024.
- Adjusted free cash flow guidance raised to in excess of $1 billion for full year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income