Palantir's third-quarter revenue exceeded expectations, raising the full-year revenue guidance | Financial Report Insights

Palantir's revenue hits record "crazy" growth, and its valuation is also approaching "crazy."

On November 3rd, Palantir released its third-quarter financial report, with third-quarter revenue of $1.18 billion, a year-on-year surge of 63%, marking the company's 21st consecutive quarter exceeding Wall Street expectations. In terms of specific performance:

Financial Performance:

• Third-quarter revenue of $1.18 billion, a 63% year-on-year increase, exceeding analyst expectations of $1.09 billion. Adjusted earnings per share were $0.21, surpassing the expected $0.17.

• Full-year revenue guidance raised to $4.4 billion, significantly up from the previous $4.14-4.15 billion. This is the third upward revision of the annual guidance this year.

• Fourth-quarter revenue expectation of $1.33 billion, far exceeding the market expectation of $1.19 billion.

Core Business Progress:

• Revenue from U.S. commercial customers surged 121% to $397 million.

• U.S. government business grew 52% to $486 million, with strong demand for defense AI tools.

It is noteworthy that Palantir's stock price has increased by over 100% this year, with a market capitalization of $48.8 billion. The 12-month forward price-to-earnings ratio is as high as 246.2 times, far exceeding Nvidia's 33.3 times.

After hours, Palantir's stock initially rose over 3%, then quickly fell back into negative territory. Analysts believe that despite the excellent performance in the third quarter, there are doubts in the market about the sustainability of its high valuation.