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Hot Stock Palantir Technologies Gets Hotter After Q2 Earnings, Q3 Outlook

Benzinga2021-08-12

  • Palantir Technologies Inc (NYSE:PLTR) reported second-quarter FY21 revenue growth of 49% year-on-year to $375.6 million, beating the analyst consensus of $353.23 million.
  • Revenue Drivers: U.S. commercial revenue grew 90% Y/Y. Palantir added 20 customers, growing 13% Q/Q. Commercial customer count increased 32% Q/Q.
  • Palantir closed 62 deals of $1 million or more, of which 30 contracts were worth $5 million or more and 21 deals at $10 million or above.
  • Margins: The adjusted operating margin expanded 2,000 bps to 31% as the costs rose 52.5% Y/Y. The adjusted EBITDA margin rose 1,900 bps to 32%.
  • Palantir held $2.4 billion in cash and equivalents and generated $23 million in operating cash flow and $50 million in adjusted free cash flow.
  • Adjusted EPS of $0.04 beat the analyst consensus of $0.03.
  • Outlook: Palantir sees Q3 revenue of $385 million above the analyst consensus of $376 million. It considers an adjusted operating margin of 22%.
  • Palantir raised FY21 adjusted free cash flow outlook to $300 million+ from $150 million+.
  • It continues to see annual revenue growth of 30% or greater for 2021 through 2025.
  • Price Action: PLTR shares traded higher by 9.13% at $24.39 in the premarket session on the last check Thursday.

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  • XiaoMing95
    ·2021-08-13
    Comment and like
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  • QArmieeQ
    ·2021-08-13
    Yes!
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  • akw
    ·2021-08-13
    Great results
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  • Mccoy
    ·2021-08-13
    Gaining strength. I prefer a marathon than a sprint for Palantir. Slow and easy wins the race. 
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    • Alkid
      Well done
      2021-08-14
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    • CoolFox
      Agreed.
      2021-08-13
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    • Jamesillybear
      cool
      2021-08-13
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  • Roykhor77
    ·2021-08-13
    And then it crashes again ?
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  • egbloper
    ·2021-08-13
    The next Amazon?
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    • Mythology
      Cooool
      2021-08-14
      Reply
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    • Weewin
      More like A hybrid of Google and softbank/tencenT - Tech monopoly and conGlomerate in one
      2021-08-13
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    • Roykhor77
      Like!
      2021-08-13
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  • Bull1973
    ·2021-08-13
    Ok
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  • 3nn
    ·2021-08-12
    is Cathie gonna dump this before it hits $30?
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  • Guardian91
    ·2021-08-12
    The true hidden dragon ? 
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  • JimmyT
    ·2021-08-12
    Like pls
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    • rDj
      Ok
      2021-08-12
      Reply
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  • Shockwave
    ·2021-08-12
    Pls like
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    • JimmyT
      cool
      2021-08-12
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  • PJoo
    ·2021-08-12
    Good to hold long term for sure! 
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    • ___ _
      price has been down for many months already..
      2021-08-13
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  • Hcpe
    ·2021-08-12
    Great one [Miser] 
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  • Derlin
    ·2021-08-12
    Like my comment ty
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  • cyqt123456
    ·2021-08-12
    Keep it up
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  • GPLuffy
    ·2021-08-12
    Let's hope Q3 beats this
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  • CK_____
    ·2021-08-12
    ???????? let’s go 
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    • JFK23
      price need to hold above 24,in order to move
      2021-08-13
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  • tangtkh
    ·2021-08-12
    Like pls
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  • Elaine0223
    ·2021-08-12
    good job keep it on
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