Palantir Delivers Record Profit and Raises Guidance Amid Surging AI Demand

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Palantir Delivers Record Profit and Raises Guidance Amid Surging AI Demand

GuruFocus.com2024-11-05

Palantir Technologies, Inc. (NYSE:PLTR) delivered impressive Q3 2024 earnings, supported by record profitability, strong cash flow, and surging demand for AI solutions across both government and ...

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(NYSE:PLTR) delivered impressive Q3 2024 earnings, supported by record profitability, strong cash flow, and surging demand for AI solutions across both government and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/palantir-delivers-record-profit-raises-154830162.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir Delivers Record Profit and Raises Guidance Amid Surging AI Demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Delivers Record Profit and Raises Guidance Amid Surging AI Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-05 23:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/palantir-delivers-record-profit-raises-154830162.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir Technologies, Inc. (NYSE:PLTR) delivered impressive Q3 2024 earnings, supported by record profitability, strong cash flow, and surging demand for AI solutions across both government and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/palantir-delivers-record-profit-raises-154830162.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861558580.USD","symbol_name":"日兴方舟颠覆性创新基金B","start_time":0,"source_url":"https://finance.yahoo.com/news/palantir-delivers-record-profit-raises-154830162.html","article_id":"2481622681","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/vCKPP.kxTaMItHnHLP.GqA--~B/aD00MDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/561a71103e109e632d23eb558c395c05"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481622681","pubTimestamp":1730821710,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Palantir Technologies, Inc.  delivered impressive Q3 2024 earnings, supported by record profitability, strong cash flow, and surging demand for AI solutions across both government and commercial sectors. 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With its recent inclusion in the S&P 500, Palantir continues to establish itself as a key player in the AI landscape, and the stock responded with a 15% post-market increase.\nQ3 2024 Earnings Highlights\nPalantir reported Q3 revenue growth of 30% year-over-year (YoY), reaching $725 million, with U.S. revenue up 44%. The company posted a record net income of $144 million, marking its largest profit in two decades. GAAP EPS of $0.06 beat expectations by 50%, while Palantir's adjusted operating margin reached 38%, achieving a strong Rule of 40 score of 68%.\nThe U.S. market remains a core driver, with revenue totaling $499 million across commercial and government segments. U.S. commercial revenue grew 54% YoY and 13% quarter-over-quarter, while U.S. government revenue rose 40% YoY and 15% sequentially, underscoring robust demand from defense and intelligence agencies for secure AI applications.\nPalantir closed 104 deals over $1 million, 36 deals over $5 million, and 16 deals over $10 million, highlighting strong enterprise adoption. Additionally, the company generated $416 million in free cash flow, a 215% YoY increase, bringing cash reserves to $4.6 billion with no debt.\nFor FY 2024, Palantir raised its revenue guidance to $2.805$2.809 billion, surpassing consensus estimates. U.S. commercial revenue is expected to grow by at least 50%, emphasizing Palantir's confidence in sustained AI demand.\nPalantir's inclusion in the S&P 500 reflects its strong fundamentals, although it currently trades at a high price-to-sales ratio of around 43x. With a year-to-date stock gain of over 150%, Palantir stands out as one of 2024's top performers. This earnings report reaffirms Palantir's long-term potential to capitalize on AI demand, solidifying its leadership in AI-driven solutions for mission-critical applications.\n\nWarning! GuruFocus has detected 6 Warning Signs with PLTR.\n\nThis article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}