Palantir Technologies Inc - Class A

Palantir opened 2024 on solid footing, posting Q1 revenue of $634.34 million, up 20.8% year-over-year, and adjusted EPS of $0.08, both landing precisely in line with consensus expectations, with the real story buried inside the numbers rather than in any headline beat. The standout driver was a powerful acceleration in U.S. commercial business, where revenue surged 40% year-over-year to $150.00 million, fueled by the rapid adoption of Palantir's artificial intelligence platform and a 69% expansion in U.S. commercial customer count to 262 clients. That momentum lifted total commercial revenue 27% year-over-year to $299.00 million, while government revenue contributed a steady $335.00 million. Profitability continued its streak, with adjusted operating margins reaching 36% and the company logging its sixth consecutive quarter of GAAP profitability. Though some observers noted the stock's valuation remains a point of debate, management raised full-year 2024 revenue guidance to $2.68 billion to $2.69 billion and lifted U.S. commercial revenue expectations to at least $661.00 million, implying growth of no less than 45%.