Palantir Technologies reported robust Q3 2024 results with revenue growing 30% YoY to $726 million, driven by exceptional U.S. performance where revenue surged 44% YoY to $499 million. U.S. commercial revenue showed particular strength, increasing 54% YoY to $179 million, while U.S. government revenue grew 40% YoY to $320 million.The company demonstrated strong profitability with GAAP net income of $144 million (20% margin) and adjusted income from operations of $276 million (38% margin). Cash generation was impressive with operating cash flow of $420 million (58% margin) and adjusted free cash flow of $435 million (60% margin).Based on strong performance and continued AI demand, Palantir raised its full-year 2024 guidance, projecting revenue between $2.805-2.809 billion and U.S. commercial revenue growth of at least 50%. The company also increased its adjusted income from operations guidance to $1.054-1.058 billion and expects adjusted free cash flow to exceed $1 billion.

Palantir Technologies reported robust Q3 2024 results with revenue growing 30% YoY to $726 million, driven by exceptional U.S. performance where revenue surged 44% YoY to $499 million. U.S. commercial revenue showed particular strength, increasing 54% YoY to $179 million, while U.S. government revenue grew 40% YoY to $320 million.The company demonstrated strong profitability with GAAP net income of $144 million (20% margin) and adjusted income from operations of $276 million (38% margin). Cash generation was impressive with operating cash flow of $420 million (58% margin) and adjusted free cash flow of $435 million (60% margin).Based on strong performance and continued AI demand, Palantir raised its full-year 2024 guidance, projecting revenue between $2.805-2.809 billion and U.S. commercial revenue growth of at least 50%. The company also increased its adjusted income from operations guidance to $1.054-1.058 billion and expects adjusted free cash flow to exceed $1 billion.