NASDAQ$PLTR
Palantir Technologies Inc. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Palantir achieved its third consecutive quarter of GAAP profitability, with a GAAP EPS of $0.01 in Q2 2023.
Palantir Technologies Inc. announced financial results for Q2 2023, reporting GAAP net income of $28 million, marking its third consecutive quarter of GAAP profitability. Revenue grew 13% year-over-year to $533 million, with significant growth in both commercial and government sectors. The company also raised its full-year revenue guidance to in excess of $2.212 billion and expects GAAP net income in each quarter.
- GAAP net income was $28 million, achieving the third consecutive quarter of GAAP profitability.
- Revenue increased by 13% year-over-year to $533 million.
- US commercial revenue grew 20% year-over-year.
- The company raised its full year 2023 revenue guidance to exceed $2.212 billion.
Headline financials
Revenue & EPS history
Palantir · Revenue · Quarterly
$533M
Forward guidance
For Q3 2023, Palantir expects revenue between $553 - $557 million and adjusted income from operations between $135 - $139 million. The company is raising its full-year revenue guidance to in excess of $2.212 billion and adjusted income from operations guidance to in excess of $576 million. They continue to expect GAAP net income in each quarter.
Tailwinds
- Revenue of between $553 - $557 million is expected for Q3 2023.
- Adjusted income from operations of $135 - $139 million is expected for Q3 2023.
- GAAP net income is expected for Q3 2023.
- Full year 2023 revenue guidance is raised to in excess of $2.212 billion.
- Full year 2023 adjusted income from operations guidance is raised to in excess of $576 million.
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 Q2 2023
+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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