Q1 24 EPS
$0.08
BEAT +0.00%
Est. $0.08
Q1 24 Revenue
$634.3M
BEAT +0.00%
Est. $634.3M
vs S&P Since Q1 24
+484.3%
BEATING MARKET
PLTR +523.7% vs S&P +39.4%
Market Reaction
Did PLTR Beat Earnings? Q1 2024 Results
Palantir opened 2024 on solid footing, posting Q1 revenue of $634.34 million, up 20.8% year-over-year, and adjusted EPS of $0.08, both landing precisely in line with consensus expectations, with the real story buried inside the numbers rather than in… Read more Palantir opened 2024 on solid footing, posting Q1 revenue of $634.34 million, up 20.8% year-over-year, and adjusted EPS of $0.08, both landing precisely in line with consensus expectations, with the real story buried inside the numbers rather than in any headline beat. The standout driver was a powerful acceleration in U.S. Commercial business, where revenue surged 40% year-over-year to $150.00 million, fueled by the rapid adoption of Palantir's artificial intelligence platform and a 69% expansion in U.S. Commercial customer count to 262 clients. That momentum lifted total commercial revenue 27% year-over-year to $299.00 million, while government revenue contributed a steady $335.00 million. Profitability continued its streak, with adjusted operating margins reaching 36% and the company logging its sixth consecutive quarter of GAAP profitability. Though some observers noted the stock's valuation remains a point of debate, management raised full-year 2024 revenue guidance to $2.68 billion to $2.69 billion and lifted U.S. Commercial revenue expectations to at least $661.00 million, implying growth of no less than 45%.
Key Takeaways
- • US commercial revenue grew 40% year-over-year to $150 million
- • US commercial customer count grew 69% year-over-year to 262 customers
- • US commercial remaining deal value grew 74% year-over-year
- • Total customer count grew 42% year-over-year
- • Sixth consecutive quarter of expanding adjusted operating margins
- • Rule of 40 score of 57%
PLTR YoY Financials
Q1 2024 vs Q1 2023, source: SEC Filings
PLTR Revenue by Segment
With YoY comparisons, source: SEC Filings
PLTR Revenue by Geography
With YoY comparisons, source: SEC Filings
PLTR Earnings Trends
PLTR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PLTR EPS Trend
Earnings per share: estimate vs actual
PLTR Revenue Trend
Quarterly revenue: estimate vs actual
PLTR Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $0.18 | $0.25 | +38.89% | $1.41B | +5.74% |
| FY Full Year | $0.73 | $0.75 | +3.45% | $4.48B | +1.74% |
| Q3 25 BEAT | $0.17 | $0.21 | +25.45% | $1.18B | +8.19% |
| Q2 25 BEAT | $0.14 | $0.16 | +15.52% | $1.00B | +6.84% |
| Q1 25 BEAT | $0.13 | $0.13 | +1.09% | $883.9M | +2.52% |
| Q4 24 BEAT FY | $0.11 | $0.14 | +23.67% | $827.5M | +7.60% |
| FY Full Year | $0.38 | $0.41 | +7.02% | $2.87B | +2.08% |
| Q3 24 BEAT | $0.09 | $0.10 | +11.11% | $725.5M | +3.48% |
| Q2 24 BEAT | $0.08 | $0.09 | +12.50% | $678.1M | +3.99% |
| Q1 24 BEAT | $0.08 | $0.08 | +0.00% | $634.3M | +0.00% |