Palantir Surges on AI Boom as Revenue Soars and Outlook Rises

Palantir Technologies reported third quarter revenue growth of 30 percent year over year, fueled by a 44 percent jump in U.S. revenue. GAAP earnings per share came in at 6 cents, more than double from a year ago. The company raised its full year guidance, expecting U.S. commercial revenue to grow at least 50 percent and adjusted free cash flow to exceed 1 billion dollars.

Source - https://www.businesswire.com/news/home/20241104366942/en/Palantir-Reports-Revenue-Growth-of-30-YY-U.S.-Revenue-Growth-of-44-YY-GAAP-EPS-of-%240.06-Raises-Full-Year-Guidance-on-Revenue-U.S.-Comm-Revenue-Adj.-Free-Cash-Flow-Adj.-Op.-Income-Above-Consensus-Estimates-on-%E2%80%9CAI-Demand-that-Won%E2%80%99t-Slow-Down%E2%80%9D