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Palantir Q2 Earnings: Revenue Beat, EPS Beat, Customer Count Up 41% Driven By Strength In US Commercial — 'Unrelenting Wave Of Demand'
Palantir Technologies Inc (NYSE:PLTR) reported financial results for the second quarter after the market close on Monday. Here’s a rundown of the report.
Q2 Earnings: Palantir reported second-quarter revenue of $678.13 million, beating the consensus estimate of $652.1 million, according to Benzinga Pro.
Total revenue was up 27% year-over-year. Commercial revenue grew 33% year-over-year, driven by a 55% year-over-year increase in U.S. commercial revenue. Government revenue climbed 23% year-over-year.
Palantir reported second-quarter adjusted earnings of 9 cents per share, beating analyst estimates of 8 cents per share. The company has now reported seven consecutive quarters of GAAP profitability.
Palantir’s customer count grew 41% year-over-year and 7% on a quarter-over-quarter basis. U.S. commercial customer ...