Palantir's third-quarter revenue exceeds expectations, raises full-year revenue guidance | Earnings Report News

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Palantir’s revenue has seen a record “crazy” growth, and its valuation is also trending toward “crazy.”

On November 3, Palantir released its third-quarter financial report. Third-quarter revenue was $1.18 billion, a year-on-year increase of 63%, marking the 21st consecutive quarter the company has exceeded Wall Street expectations. Specifically:

Financial Performance:Third-quarter revenue was $1.18 billion, up 63% year-on-year, surpassing the analyst forecast of $1.09 billion. Adjusted earnings per share were $0.21, beating the expected $0.17.Full-year revenue guidance raised to $4.40 billion, significantly higher than the previous $4.14-4.15 billion. This is the third time this year the annual guidance has been raised.Fourth-quarter revenue is expected to be $1.33 billion, far exceeding the market expectation of $1.19 billion.

Core Business Developments:U.S. commercial customer revenue surged 121% to $397 million.U.S. government business grew 52% to $486 million, with strong demand for defense AI tools.

It’s also worth noting that Palantir’s stock price has risen more than 100% so far this year, giving it a market value of $48.8 billion. Its 12-month forward price-to-earnings ratio is as high as 246.2, far exceeding Nvidia’s 33.3.

In after-hours trading, Palantir once rose more than 3%, then quickly pulled back and turned negative. Analysts believe that although the third quarter performed excellently, the market remains skeptical about the sustainability of its high valuation.

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