News Image

Palantir Technologies: Q2 Performance and Updated Projections

By Kristoff De Turck - reviewed by Aldwin Keppens

Last update: Aug 6, 2024

Palantir thumbnail

Q2/24 Results

Palantir Technologies, based in Denver, Colorado, specializes in data analytics and has made significant strides with its AI platform. This platform is pivotal in testing, debugging, and evaluating AI-related scenarios, meeting the increasing demand for advanced technology solutions.

Palantir Daily Chart

Key Points

Financial Projections:

Annual Revenue: Revised to between $2.74 billion and $2.75 billion, up from the previously forecasted $2.68 billion to $2.69 billion.

Operating Income: Updated to between $966 million and $974 million.

Q2 Financial Highlights:

Largest quarterly profit reported from April to June: Government sector revenue increased by 23%, reaching $371 million. Commercial sector revenue grew by 33%, totaling $307 million.

Market Growth: Originally focused on U.S. security services, Palantir is now expanding into the commercial sector. The company's AI platform is aiding businesses in transitioning AI prototypes into final products.

CEO's Outlook:

Alex Karp emphasized the importance of maintaining the strength and dominance of the U.S. military. The company is forecasting revenue of $697 million to $701 million for the third quarter, Wall Street analysts are assuming $681 million.

Conclusion

Palantir Technologies continues to defy skepticism around generative AI, demonstrating robust financial performance and increasing demand for its AI services. The company's strategic growth in both government and commercial sectors solidifies its position as a leader in the data analytics industry.

Longterm Weekly Chart

Palantir Weekly Chart

PALANTIR TECHNOLOGIES INC-A

NASDAQ:PLTR (7/3/2025, 8:00:42 PM)

After market: 134.35 -0.01 (-0.01%)

134.36

+2.24 (+1.7%)



Find more stocks in the Stock Screener

PLTR Latest News and Analysis

ChartMill News Image3 days ago - ChartmillExplore the S&P500 index on Thursday and find out which stocks are the most active in today's session.

Curious about the most active S&P500 stocks in today's session? Join us as we explore the US markets on Thursday and uncover the stocks that are leading the way in terms of trading volume and market attention.

Mentions: F PFE CNC AMZN ...

ChartMill News Image4 days ago - ChartmillStay informed about the most active stocks in the S&P500 index on Wednesday's session.

Stay informed about the most active S&P500 stocks in today's session as we take a closer look at what's happening on the US markets on Wednesday. Discover the stocks that are generating the highest trading volume and driving market activity.

Mentions: F NKE CNC AAPL ...

ChartMill News Image5 days ago - ChartmillStay informed with the top movers within the S&P500 index on Tuesday.

Get insights into the S&P500 index performance on Tuesday. Explore the top gainers and losers within the S&P500 index in today's session.

Mentions: WMB HSY PKG PODD ...

ChartMill News Image5 days ago - ChartmillCurious about the most active S&P500 stocks in today's session?

Looking for the most active stocks in the S&P500 index on Tuesday? Dive into today's session and discover the stocks that are dominating the trading activity and setting the pace for the market.

Mentions: F HBAN PFE AAPL ...

ChartMill News Image5 days ago - ChartmillTuesday's session: top gainers and losers in the S&P500 index

Uncover the latest developments among S&P500 stocks in today's session. Stay tuned to the S&P500 index's top gainers and losers on Tuesday.

Mentions: DOW WMB PKG MHK ...

ChartMill News Image5 days ago - ChartmillWhat's going on in today's session: S&P500 gap up and gap down stocks

Let's have a look at the S&P500 gap up and gap down stocks in today's session.

Mentions: WMB DXCM AMD EQT ...

ChartMill News Image6 days ago - ChartmillStay informed with the top movers within the S&P500 index on Monday.

Uncover the latest developments among S&P500 stocks in today's session. Stay tuned to the S&P500 index's top gainers and losers on Monday.

Mentions: MOS ALB HST BA ...

ChartMill News Image6 days ago - ChartmillMost active S&P500 stocks in Monday's session

Looking for the most active S&P500 stocks in today's session? Join us as we dive into the US markets on Monday and discover the stocks that are dominating the trading activity and setting the pace for the market.

Mentions: F AMZN SMCI AMD ...

ChartMill News Image6 days ago - ChartmillThese S&P500 stocks are moving in today's session

Let's delve into the developments on the US markets in the middle of the day on Monday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.

Mentions: ALB POOL GS HST ...

ChartMill News Image6 days ago - ChartmillWhat's going on in today's pre-market session: S&P500 movers

The US market is yet to commence its session on Monday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.

Mentions: CAG GS BKNG JNPR ...

ChartMill News Image6 days ago - ChartmillPALANTIR TECHNOLOGIES INC-A (NASDAQ:PLTR) – A Strong Contender for Growth Investors

PALANTIR TECHNOLOGIES (NASDAQ:PLTR) shows strong growth metrics, improving margins, and robust cash flow, making it a candidate for Louis Navellier’s growth strategy.

ChartMill News Image7 days ago - ChartmillMarket Monitor News June 30 BMO (UP - DOWN)

Wall Street Rockets Higher as Geopolitics Cool and AI Craze Reignites

Mentions: NKE NVDA TSLA CNXC ...

Follow ChartMill for more