Summary by Moomoo AI
Palantir Technologies reported strong Q2 2024 results with revenue increasing 27% YoY to $678 million. US commercial revenue surged 55% YoY to $159 million, while US government revenue grew 24% YoY to $278 million. The company achieved record GAAP earnings per share of $0.06, representing a 500% YoY increase.The company demonstrated robust operational performance with GAAP net income of $134 million (20% margin) and adjusted income from operations of $254 million (37% margin). Customer count grew 41% YoY, with US commercial customers increasing 83% YoY to 295. Cash position remained strong at $4.0 billion, with adjusted free cash flow of $149 million.Looking ahead, Palantir raised its full-year 2024 revenue guidance to between $2.742-$2.750 billion and increased US commercial revenue growth forecast to at least 47%. The company expects Q3 2024 revenue of $697-$701 million and maintains its projection for GAAP operating income and net income in each quarter of 2024.