Palantir reported third quarter revenue of $1.2bn ($1.1bn expected), up 63% year-over-year and 18% quarter-over-quarter. Performance was driven by its US businesses, both commercial and government.
Underlying operating income more than doubled to $601mn ($501mn expected). Free cash flow rose 24% to $540mn and net cash, including leases, was £6.2bn at period end.
For the coming quarter, Palantir expects revenue of $1.3bn, with underlying operating income of $695-699mn. For the full year, revenue is now expected around $4.4bn (previously: $4.1-4.2bn), with underlying operating income of around $2.2bn.
The shares were down 4.3% in after-hours trading.
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Palantir key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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