PALANTIR (PLTR) Q2 Earnings Report

Palantir reported on its Q2 pre-market today, August 12th.

PALANTIR Q2 Highlights:

  • Revenue of $376M (+49.1% yoy, guidance was 43%)
  • Non-GAAP EPS was $0.04, beating estimates by $0.01
  • Q2 Adjusted Operating Margin 31% (guidance was 23%)
  • 90% Growth in Commercial revenue in the US yoy (vs 72% yoy last quarter)
  • Landed 62 deals of $1M or more
    21 deals worth $10M or more (vs 6 last quarter)
    30 deals worth $5M or more (vs 15 last quarter)
  • Commercial customers increased 32% qoq

Q3 Guidance:
Revenue $385 Million
Adj Operating Margin 22%

Full Year Guidance:

  • Adjusted FCF in excess of $300M (was in excess of $150M)
  • Continue to expect Annual Revenue Growth of 30% or greater for 2021 through 2025

Pretty good. Looking forward to dive into the detail once I get my hands on the presentation and shareholder letter. Will also try to sit in on the call.

Long Palantir, full position.

  • Luis