Palantir stock climbs after Q2 beats, raised full-year outlook

Aug. 12, 2021 8:37 AM ETPalantir Technologies Inc. (PLTR)By: Brandy Betz, SA News Editor53 Comments

Palantir Technologies headquarters campus exterior view in Silicon Valley. - Palo Alto, California, USA - 2019
Michael Vi/iStock Editorial via Getty Images

  • Palantir (NYSE:PLTR) shares are up over 9% in pre-market trading after the company reported second-quarter earnings and a sales outlook that topped Wall Street estimates. The data mining company also raised part of its full-year guidance.
  • Revenue increased 49% year-over-year to $375.64 million, coming in $14.5 million ahead of analyst estimates, driven by the 90% pop for U.S. commercial revenue. Adjusted earnings of $0.04 per share beat consensus by one cent.
  • Palantir (PLTR) closed 62 deals of $1 million or more during the quarter with nearly half valued at $5 million or more. Twenty-one deals were worth $10 million or more.
  • Cash flow from operations totaled $23 million with adjusted free cash flow of $50 million.
  • For the third quarter, sales are expected to come in at around $385 million, above the $380.13 million consensus.
  • The company raises its full-year free cash flow outlook from above $150 million to above $300 million. Annual revenue growth is still expected at 30% or greater between 2021 through 2025.
  • Recent news: Palantir and U.S. Government to continue work on COVID-19 vaccine distribution

Recommended For You

Comments (53)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.