NASDAQ$PLTR
Palantir Technologies Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Palantir's Q3 2024 performance was driven by strong AI demand, with significant growth in U.S. revenue and overall revenue, alongside positive GAAP EPS and raised full-year guidance.
Palantir reported a 30% year-over-year increase in revenue, reaching $726 million. U.S. revenue grew by 44% year-over-year. The company achieved a GAAP EPS of $0.06 and raised its full-year guidance for revenue, U.S. commercial revenue, and adjusted free cash flow.
- U.S. revenue increased by 44% year-over-year, reaching $499 million.
- Overall revenue grew by 30% year-over-year to $726 million.
- GAAP net income was $144 million, representing a 20% margin.
- Adjusted free cash flow was $435 million, representing a 60% margin.
Headline financials
Revenue & EPS history
Palantir · Revenue · Quarterly
$726M
Forward guidance
Palantir expects Q4 2024 revenue to be between $767 million and $771 million, with adjusted income from operations between $298 million and $302 million. For the full year 2024, revenue guidance is raised to between $2.805 billion and $2.809 billion, U.S. commercial revenue is expected to exceed $687 million, and adjusted free cash flow is projected to be over $1 billion.
Tailwinds
- Revenue of between $767 - $771 million for Q4 2024.
- Adjusted income from operations of between $298 - $302 million for Q4 2024.
- Revenue guidance raised to between $2.805 - $2.809 billion for full year 2024.
- U.S. commercial revenue guidance raised to in excess of $687 million for full year 2024.
- Adjusted free cash flow guidance raised to in excess of $1 billion for full year 2024.
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 Q3 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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