Overview
- Palantir reported Q3 revenue of $1.18 billion, up 63% year over year, with adjusted EPS of $0.21, topping estimates on both metrics.
- Management lifted its 2025 outlook to $4.396–$4.4 billion in revenue and guided Q4 to $1.327–$1.331 billion, with adjusted operating income of $695–$699 million and an implied margin near 52%.
- Bookings and U.S. strength stood out, with total contract value closed up about 151% to roughly $2.76–$2.8 billion, U.S. revenue at $883 million up 77%, U.S. commercial up 121%, and U.S. government up 52% to $486 million.
- Shares fell roughly 12%–15% in the days after the report as investors recalibrated AI valuations and digested weak U.S. layoff data that pressured high‑growth tech.
- A disclosed Scion Asset Management put position on 5 million shares and an extreme forward price‑to‑sales ratio near 99–115x weighed on sentiment, while analyst ratings stayed mixed with average targets around $188 suggesting limited upside.