NASDAQ$PLTR
Palantir Technologies Inc. · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Palantir reported revenue growth and achieved its sixth consecutive quarter of GAAP profitability.
Palantir's Q1 2024 showed strong performance with a 21% year-over-year revenue increase, reaching $634 million. The company achieved GAAP profitability for the sixth consecutive quarter, with a net income of $106 million and EPS of $0.04. US commercial sector was a key driver, growing 40% year-over-year.
- GAAP net income was $106 million, a 17% margin, marking the sixth consecutive quarter of GAAP profitability.
- Revenue increased by 21% year-over-year to $634 million.
- US commercial revenue grew by 40% year-over-year to $150 million.
- Adjusted income from operations was $226 million, representing a 36% margin.
Headline financials
Revenue & EPS history
Palantir · Revenue · Quarterly
$634M
Forward guidance
Palantir anticipates revenue between $649 - $653 million for Q2 2024 and has raised its full year 2024 revenue guidance to $2.677 - $2.689 billion. They also raised US commercial revenue guidance to in excess of $661 million and adjusted income from operations guidance to between $868 – $880 million.
Tailwinds
- Q2 2024 revenue is expected to be between $649 - $653 million.
- Full year 2024 revenue guidance is raised to between $2.677 – $2.689 billion.
- US commercial revenue guidance is raised to in excess of $661 million, representing a growth rate of at least 45%.
- Adjusted income from operations guidance is raised to between $868 – $880 million.
- The company expects GAAP operating income and net income in each quarter of this year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+2.3%
Avg return
Earnings day
+6.3%
Avg return
5 days after
+16.4%
Avg return
30 days after
54%
15 / 28 earnings
Positive
+28.9%
Q1 2023
Best reaction
-23.1%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -8.6% | -5.6% | -3.3% | |
| Q4 2025 | +6.8% | -8.0% | +3.3% | |
| Q3 2025 | -7.9% | -14.1% | -14.1% | |
| Q2 2025 | +7.8% | +16.4% | -2.8% | |
| Q1 2025 | -12.0% | -5.2% | -3.1% | |
| Q4 2024 | +24.0% | +32.4% | -3.9% | |
| Q3 2024 | +22.0% | +39.3% | +66.6% | |
| Q2 2024 | +7.5% | +21.3% | +23.6% | |
| Q1 2024 | -8.3% | -11.7% | -1.6% | |
| Q4 2023 | +28.5% | +43.2% | +53.7% | |
| Q3 2023 | +26.6% | +26.0% | +35.9% | |
| Q2 2023 | -6.4% | -15.3% | -15.9% | |
| Q1 2023 | +28.9% | +28.2% | +98.2% | |
| Q4 2022 | +22.8% | +22.5% | +5.2% | |
| Q3 2022 | -9.1% | +6.1% | -10.8% | |
| Q2 2022 | -19.2% | -13.4% | -35.5% | |
| Q1 2022 | -23.1% | -12.0% | -3.2% | |
| Q4 2021 | -21.1% | -25.0% | -8.2% | |
| Q3 2021 | -15.8% | -14.7% | -28.2% | |
| Q2 2020 | +11.4% | +3.5% | +19.8% | |
| Q2 2021 | +11.4% | +7.2% | +17.6% | |
| Q1 2020 | -9.1% | +1.2% | +22.1% | |
| Q1 2021 | +2.3% | +8.7% | +30.7% | |
| Q4 2018 | +3.5% | -1.5% | -5.8% | |
| Q4 2020 | -15.1% | -9.1% | -24.9% | |
| Q4 2019 | +9.3% | +22.8% | +86.6% | |
| Q3 2019 | +9.3% | +22.8% | +86.6% | |
| Q3 2020 | -1.0% | +11.8% | +70.4% | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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