$PLTR Palantir Earnings Summary

Total Revenue: $678.13 million, up 27% year-over-year.

Gross profit margin of 83%

Operating Profit: At $1534 million, it had an operating margin of 16% on a GAAP basis. At $253.56 million, it had an operating margin of 37% on a non-GAAP basis.

Net income: GAAP net income was $134.12 million, reporting an increase of $500% year-over-year. Non-GAAP adjusted earnings per share were $0.09 year-over-year, which was an 80% increase.

Cash Flow: Adjusted free cash flow was $149 million, with a 22% margin.

U.S. Market Perform: U.S. government revenue rose 24% year-over-year and 8% quarter-over-quarter to $278 million. U.S. commercial segment customer numbers rose 83% year-over-year and 13% quarter-over-quarter.

Contract performance: 96 contracts, including 27 contracts worth more than $10 million.

Estimated Earnings: Estimated earnings for Q3 2024 are expected to be between $697 million and $701 million.

Revenue Growth: Total revenue was $678.13 million, up 27% year-over-year.
U.S. government sector revenue was $278 million, up 24% year-over-year.
U.S. commercial segment revenue was $159 million, up 55% year-over-year.

Profitability: GAAP Operating Profit came in at $1534 million with an operating margin of 16%.
Non-GAAP operating profit came in at $253.56 million, representing an operating margin of 37%.
GAAP net income was $134.12 million, reporting an increase of $0.06 per share from the year-ago quarter.
Adjusted earnings per share on a non-GAAP basis were $0.09 which increased by 80% year-over-year.

Cash Flow: Adjusted free cash flow was $149 million, with a 22% margin.

CUSTOMERS AND CONTRACTS: U.S. Commercial segment customer numbers increased 83% Y/Y and 13% Q/Y.
There were a total of 96 contracts, 27 of which were more than $10 million.

Key Agreements and Partnerships: Signed a $480 million, five-year contract with the U.S. Department of Defense to expand AI/ML capabilities.
With AIP (Artificial Intelligence Platform) and Foundry Platform, we are continuously expanding our performance in various industries.