From The Motley Fool · Patrick Sanders · · 1m
Palantir Beats Q3 Revenue Forecast
Palantir's Q3 revenue likely exceeds $2.3 billion despite conservative guidance.
In brief
Palantir's Q3 revenue likely exceeds $2.3 billion despite conservative guidance. Palantir Technologies expects to report Q3 revenue above $2.3 billion, surpassing its $2.16 billion guidance. Originally reported by The Motley Fool.
Palantir's Q3 Revenue Guidance
Palantir Technologies reported third-quarter revenue guidance between $2.160 billion and $2.164 billion.
Q3 Revenue Forecast Too Conservative
Palantir's last two quarters showed sequential revenue growth of 16% and 19%, suggesting Q3 revenue could reach $2.3 billion.
Q1 and Q2 Performance
Palantir delivered $1.633 billion in Q1, 6.4% above guidance, and $1.935 billion in Q2, 7.5% above guidance.
U.S. Commercial Growth
U.S. commercial revenue increased 149% year over year to $764 million in Q2, with 220 deals valued at $1 million or more.
Sovereignty Boot Camps
Palantir conducted two sovereignty boot camps attracting nearly 200 organizations to demonstrate AI without data surrender.
Government Revenue Growth
U.S. government revenue increased 90% year over year to $809 million in Q2, reflecting defense and intelligence demand.
What matters most
Palantir Technologies expects to report Q3 revenue above $2.3 billion, surpassing its $2.16 billion guidance.
