Palantir (PLTR) Reports In-Line Q1 EPS, Revenues Beat; Offers 2Q Revenues Guidance Above Consensus

May 11, 2021 7:02 AM EDT
Get Alerts PLTR Hot Sheet
Price: $26.62 +0.26%

Today's EPS Names:
INNV, SFIX, FDX, More
Trade Now! 
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Palantir (NYSE: PLTR) reported Q1 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter came in at $341 million versus the consensus estimate of $332.23 million.

Q1 2021 Highlights

  • Total revenue grew 49% year-over-year to $341 million
  • US commercial revenue grew 72% year-over-year
  • US government revenue grew 83% year-over-year
  • Cash flow from operations of $117 million, up $404 million year-over-year, and representing a 34% margin
  • Adjusted free cash flow of $151 million, up $441 million year-over-year, and representing a 44% margin
  • GAAP net loss per share, diluted of $(0.07)
  • Adjusted earnings per share, diluted of $0.04

GUIDANCE:

Palantir sees Q2 2021 revenue of $360 million, versus the consensus of $344.31 million.

For Q2 2021, we expect:

  • $360 million in revenue, representing year-over-year revenue growth of 43%.
  • Adjusted operating margin of 23%.

For full year 2021, we expect:

  • Adjusted free cash flow in excess of $150 million.

Per long-term guidance policy, as provided by our Chief Executive Officer, Alex Karp, we continue to expect:

  • Annual revenue growth of 30% or greater for 2021 through 2025.

For earnings history and earnings-related data on Palantir (PLTR) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Earnings, Guidance, Hot Guidance

Related Entities

Earnings