What You Need To Know Ahead of Palantir's Earnings Report

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Key Takeaways

  • Palantir reports second-quarter net aft Monday's closing bell.
  • Analysts expect gross and net to turn from nan year-ago period. Investors will beryllium watching for maturation successful Palantir's commercialized segment.
  • The institution could supply investors pinch insights astir nan request for its Artificial Intelligence Platform.

Palantir Technologies (PLTR) is group to study second-quarter net aft nan closing doorbell connected Monday pinch investors apt to beryllium watching for commercialized conception maturation and updates astir nan request for nan information analytics company's artificial intelligence (AI) platform.

Palantir's gross is projected to beryllium $653 million, according to estimates compiled by Visible Alpha, which would correspond a much than 22% summation from nan year-ago period. Net income is expected to beryllium $94.83 cardinal aliases 4 cents per share, an summation from nan 2nd 4th of 2023.

   Analyst Estimates for Q2 2024  Q1 2024  Q2 2023
 Revenue  $653 million $634.34 million $533.32 million
 Diluted Earnings Per Share 4 cents  4 cents 1 cent
 Net Income  $94.83 million  105.53 million $28.13 million

Key Metric: Commercial Revenue Growth

Palantir will study gross driven by commercialized and authorities customers, pinch investors apt watching for sustained maturation successful nan company's commercialized segment.

Analysts expect commercialized gross to beryllium $305.2 million, accounting for almost half (47%) of nan company's projected full revenue. This would correspond 32% maturation from nan year-ago period.

Citi analysts said that momentum successful Palantir's commercialized conception could offset uncertainty successful nan authorities broadside of nan business and thrust semipermanent growth.

Business Spotlight: AI Platform Demand

Palantir has benefited from nan AI roar arsenic request for its AI level drives maturation successful some its commercialized and authorities segments. The institution could supply updates connected really it plans to prolong this momentum adjacent week.

The level "remains nan biggest driver crossed nan commercialized and authorities sectors arsenic this continues to beryllium nan main measurement [Palantir] adds caller and existing customers to its pipeline," Wedbush analysts wrote. (The bullish analysts have antecedently called the institution nan "Messi of AI.")

Palantir shares vanished Thursday down 3%. They're still up much than 50% this year.

Investopedia requires writers to usage superior sources to support their work. These see achromatic papers, authorities data, original reporting, and interviews pinch manufacture experts. We besides reference original investigation from different reputable publishers wherever appropriate. You tin study much astir nan standards we travel successful producing accurate, unbiased contented successful our editorial policy.

  1. Palantir Investor Relations. "Palantir Announces Date of Second Quarter 2024 Earnings Release and Webcast."

  2. Citi. "US Application Software Data/Analytics 2Q Preview; Still Awaiting More Broad-based Tailwinds."

  3. Wedbush. "Palantir Technologies Inc. (PLTR) Driving AI Revolution With AIP Monetization Front and Center; Bull Case Now $50."

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