Q2 24 EPS
$0.09
BEAT +12.50%
Est. $0.08
Q2 24 Revenue
$678.1M
BEAT +3.99%
Est. $652.1M
vs S&P Since Q2 24
+395.2%
BEATING MARKET
PLTR +433.2% vs S&P +38.0%
Market Reaction
Did PLTR Beat Earnings? Q2 2024 Results
Palantir delivered a convincing beat across the board in Q2 2024, posting adjusted EPS of $0.09 against a consensus estimate of $0.08, a 12.50% positive surprise, while revenue climbed 27.1% year over year to $678.13 million, ahead of the $652.10 mil… Read more Palantir delivered a convincing beat across the board in Q2 2024, posting adjusted EPS of $0.09 against a consensus estimate of $0.08, a 12.50% positive surprise, while revenue climbed 27.1% year over year to $678.13 million, ahead of the $652.10 million Wall Street had expected. The clearest engine behind the quarter was an explosive surge in US commercial demand, where revenue jumped 55% year over year to $159.00 million and customer count expanded 83% to 295 clients, reflecting accelerating adoption of the company's AI platform. US government revenue also contributed meaningfully, rising 24% to $278.00 million. GAAP profitability continued to expand, with net income reaching $134.13 million at a 20% margin, while adjusted income from operations hit $253.57 million at a 37% margin. Management raised full-year 2024 revenue guidance to $2.74 to $2.75 billion and lifted US commercial revenue guidance to at least $672.00 million, representing growth of at least 47%, underscoring confidence in sustained momentum even as some analysts continue to debate whether the stock's valuation fully reflects execution risk.
Key Takeaways
- • US commercial revenue grew 55% year-over-year with 83% customer count growth
- • US commercial remaining deal value grew 103% year-over-year
- • 27 deals closed over $10 million in the quarter
- • Overall customer count grew 41% year-over-year
- • Rule of 40 score of 64%
- • Adjusted operating margin expanded to 37% from 25% year-over-year
PLTR YoY Financials
Q2 2024 vs Q2 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% |