July 22 – Palantir (NASDAQ:PLTR) will report its Q2 results on Aug. 4, according to a company announcement.
Management has guided for revenue of $934 million to $938 million and adjusted non?GAAP operating income of $401 million to $405 million, implying a slowdown from prior quarters.
To keep its growth streak intact, Palantir need only exceed forecasts by roughly 1.3% on top?line and 3.2% on profit, which analysts view as within reach given its history of outperformance and strong industry tailwinds.
In Q1, the company posted $884 million in revenue, a 39% jump year?on?year, beating guidance by 2.7%. Commercial sales climbed 33% to $397 million, while government revenue surged 45% to $487 million. Top?20 customer spending rose 26% to $70 million per account.
Non?GAAP operating income expanded 73% to $391 million, with margins widening 800 basis points to 44%. Palantir’s Rule of 40 score hit 83%, outpacing peers in enterprise software.
Investor frenzy is fueled by a tectonic shift in AI inference, and AMD CEO Lisa Su’s inflection point remark underscores the moment. Palantir’s AIP platform could mirror NVIDIA’s CUDA dominance, embedding itself as essential infrastructure for real?time, enterprise?wide AI.
This July, the DoD was added to the government pipeline with the enactment of the “One Big Beautiful Bill” also known as the multiple cap increase earmarked with approximately $156 billion in defense technology.
At a forward P/E of just below 270 and an annual revenue growth of almost 36% Palantir will have to perform immaculately on Aug. 4. However, the pace of the industry and the increased use of AI imply another possibility of a positive surprise.
This article first appeared on GuruFocus.
