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

The Palantir logo on display on a company building.

David Paul Morris / Bloomberg / Getty Images

Key Takeaways

  • Palantir reports second-quarter earnings after Monday's closing bell.
  • Analysts expect revenue and earnings to grow from the year-ago period. Investors will be watching for growth in Palantir's commercial segment.
  • The company could provide investors with insights about the demand for its Artificial Intelligence Platform.

Palantir Technologies (PLTR) is set to report second-quarter earnings after the closing bell on Monday with investors likely to be watching for commercial segment growth and updates about the demand for the data analytics company's 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) platform.

Palantir's revenue is projected to be $653 million, according to estimates compiled by Visible Alpha, which would represent a more than 22% increase from the year-ago period. Net income is expected to be $94.83 million or 4 cents per share, an increase from the second quarter 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 report revenue driven by commercial and government customers, with investors likely watching for sustained growth in the company's commercial segment.

Analysts expect commercial revenue to be $305.2 million, accounting for almost half (47%) of the company's projected total revenue. This would represent 32% growth from the year-ago period.

Citi analysts said that momentum in Palantir's commercial segment could offset uncertainty in the government side of the business and drive long-term growth.

Business Spotlight: AI Platform Demand

Palantir has benefited from the AI boom as demand for its AI platform drives growth in both🐈 its commercial and government segments. The company could provide updates on how it plans to sustain this momentum next week.

The platform "remains the biggest driver across the commercial and government sectors as this continues to be the main way [Palantir] adds new and existing customers to its pipeline," Wedbush analysts wrote. (The bullish analysts 澳洲幸运5官方开奖结果体彩网:have previously called the company the "Messi of AI.")

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

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  1. Palantir Investor Relations. "."

  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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