What were the key takeaways from Palantir’s earnings call?

What factors drove the changes in Palantir's revenue and profit?

What does Palantir do and what are its main business segments?

What guidance did Palantir's management provide for the next earnings period?

What is Palantir's gross profit margin?

What is Palantir's latest dividend and current dividend yield?

What is the market's earnings forecast for Palantir next quarter?

What were the key takeaways from Palantir's earnings call?

- **Record Growth**: Q4 2025 revenue up 70% YoY, U.S. business dominates at 77% of total, Rule of 40 score 127.
- **AI-Driven Expansion**: Customers expand use cases rapidly (e.g., utility ACV +357%), new deals exceed $80M, TCV bookings +138% YoY.
- **2026 Guidance**: $7.19B revenue (61% YoY), 118% Rule of 40, with U.S. commercial growth >115%.
- **Defense Innovation**: ShipOS slashes planning time by 99%, MAGE enables edge AI for military, requests for AmmoOS and MissileOS surge.

**【Management Opening Remarks】**
- Q4 2025 revenue surged 70% YoY, driven by U.S. business growth (77% of total revenue, up 93% YoY). Rule of 40 score reached 127, with $4.3B TCV bookings, the highest quarter ever.
- U.S. commercial revenue grew 137% YoY, government business 66% YoY. Customers are expanding use cases rapidly, e.g., a utility company increased ACV from $7M to $31M in 2025.
- New customers are signing large deals (e.g., $96M healthcare deal, $80M engineering services deal), reflecting speed to production and value realization.

**【CEO Commentary】**
- Palantir is the only enterprise software company focused on leveraging AI for production, not commoditizing cognition. U.S. government business grew 66% YoY, with contracts like a $448M Navy shipbuilding deal.
- The company is entering 2026 with unmatched conviction, guided by a unique ability to deliver transformational impact at scale. Organic growth is driven by customer demand, not acquisitions.
- International adoption lags due to hesitancy to invest in advanced AI solutions, while China and the U.S. lead the AI revolution.

**【CFO Financial Commentary】**
- Q4 2025 revenue: $1.407B (70% YoY), U.S. revenue: $1.076B (93% YoY). Full-year 2025 revenue: $4.475B (56% YoY). 2026 guidance: $7.19B (61% YoY), with adjusted operating income of $4.13B.
- Adjusted operating margin: 57% (Q4), 50% (full year). Adjusted free cash flow: $2.27B (51% margin). Strong cash position: $7.2B.
- U.S. commercial TCV bookings grew 161% YoY in 2025. Net dollar retention: 139%, driven by expansions and new customers.

**【Q&A Highlights】**
- **International Business**: Slow adoption in Europe due to hesitancy to buy American AI solutions. France recognizes the need but struggles to justify purchases. U.S. demand absorbs most capacity.
- **Commercial AI Adoption**: Customers now seek proof of impact, not just pilots. Palantir’s ability to deliver rapid value (e.g., 16,000 users in 12 months) drives expansion. New deals exceed $10M, with 61 deals >$10M in Q4.
- **Defense Reindustrialization**: ShipOS success (160x planning efficiency) leads to requests for AmmoOS, MissileOS. Maven Edge (MAGE) enables real-time battlefield coordination. Palantir is uniquely positioned to integrate production and sustainment for weapon systems.

Palantir Technologies Inc. (PLTR) Q4 2025 Earnings Call Transcript

- **Record Growth**: 63% YoY revenue ($1.18B) with 114% Rule of 40, highest in enterprise software history.
- **AI Adoption Surge**: U.S. commercial bookings up 342% YoY to $1.3B, driven by 121% revenue growth.
- **Product Breakthroughs**: AI Hivemind enables 5-day data migrations; Edge Ontology powers drones/robots.
- **Government Momentum**: U.S. Army consolidates on Palantir, international gov revenue up 66% YoY.
- **Worker Empowerment**: American Tech Fellows equip frontline workers with AI skills, compounding enterprise leverage.

**【CEO Summary Section】**
- **Revenue Growth**: Q3 2025 revenue reached $1.18 billion, up 63% year-over-year, driven by U.S. commercial growth of 121% YoY and U.S. government growth of 52% YoY.
- **Rule of 40**: Achieved a record 114% Rule of 40 score, up 20 points from Q2, with adjusted operating margin of 51%.
- **TCV Bookings**: Closed $2.8 billion in TCV, a 151% YoY increase, including $1.3 billion in U.S. commercial bookings.
- **Customer Expansion**: 530 U.S. commercial customers, with top 20 customers generating $83 million in trailing 12-month revenue.

**【CTO Product Updates】**
- **AI Innovations**: Launched AI Hivemind for dynamic problem-solving and Edge Ontology for mobile/embedded AI applications.
- **Government Impact**: U.S. Army directive to consolidate on Palantir's Vantage platform; AI FDEs enabling 5-day legacy data migrations vs. 2-year SI timelines.
- **Workforce Development**: American Tech Fellowship equipping frontline workers (e.g., civil engineers, farmers) with AI skills.

**【CFO Financial Highlights】**
- **Revenue Guidance**: Q4 2025 revenue $1.329 billion (13% QoQ growth), full year 2025 $4.398 billion (53% YoY growth).
- **Cash Flow**: $2 billion trailing 12-month adjusted free cash flow, $8.6 billion total remaining deal value.
- **Profitability**: GAAP net income $76 million, adjusted EPS $0.21, with 114% Rule of 40 reflecting top/bottom line growth.

**【Q&A Highlights】**
- **Differentiator**: FDE (Functional Domain Expert) model integrates tribal knowledge into AI, creating enterprise-wide value (e.g., 8x ACV expansion in 5 months).
- **Sales Cycle Acceleration**: Customers now seek enterprise-wide AIP deployments (e.g., 29% sequential U.S. commercial growth) vs. single use cases.
- **Government Strategy**: Focus on mission-critical AI for defense (e.g., Golden Dome counter-fentanyl operations) and international partnerships (UK, Middle East).

Palantir Technologies Inc. (PLTR) Q3 2025 Earnings Call Transcript

- **Revenue Growth Accelerates**: Q2 2025 revenue of $1.004B (+48% YoY), with U.S. commercial up 93% YoY and Rule of 40 at 94%.
- **Customer Expansion Surge**: $2.3B TCV bookings (140% YoY), 157 deals over $1M, and top 20 customers averaging $75M in trailing revenue.
- **AI Innovation Leadership**: AIP adoption driving enterprise re-platforming, AI FDE enabling autonomous execution, and Maven usage doubling Q/Q.
- **Government Dominance**: $10B Army contract and U.S. Space Force awards highlight strategic government growth.

**【CEO Summary Section】**
- **Record Revenue Growth**: Q2 2025 revenue reached $1.004 billion, up 48% year-over-year, with U.S. revenue growing 68% YoY. U.S. commercial revenue surged 93% YoY, driven by AIP adoption.
- **Rule of 40 Milestone**: Achieved a Rule of 40 score of 94%, up 11 points from Q1, reflecting strong profitability and growth.
- **Customer Expansion**: Booked $2.3 billion in TCV (up 140% YoY) and $684 million in ACV, with 157 deals over $1 million. Top 20 customers now average $75 million in trailing 12-month revenue.
- **Impact Stories**: Customers like Citibank, Fannie Mae, and Lear Corp. reported transformative efficiency gains, with one healthcare company signing an $88 million deal post-boot camp.

**【CTO Commentary】**
- **AIP Dominance**: Ontology Web Services enable enterprises to re-platform onto AIP, with TeleTracking CEO noting a flood of inquiries post-public partnership.
- **AI FDE Innovation**: Autonomous execution capabilities in AI FDE reduce time to value, handling tasks like ontology editing and debugging with closed-loop error correction.
- **Government Impact**: Maven Smart System usage doubled since Q1, supporting critical defense operations. The Army awarded a $10 billion 10-year enterprise agreement.

**【CFO Financial Commentary】**
- **Revenue Guidance**: Q3 2025 revenue expected at $1.085 billion (8% sequential growth), with full year guidance raised to $4.146 billion (45% YoY growth).
- **Profitability**: Adjusted operating margin expanded to 46%, with Q2 adjusted free cash flow of $569 million (57% margin). Full year adjusted free cash flow guidance raised to $1.8-$2.0 billion.
- **Expense Management**: Q2 adjusted expenses grew 27% YoY due to AIP and talent investments, but margin expansion continued despite a seasonal hiring ramp.

**【Q&A Highlights】**
- **AI for Frontline Workers**: ICU nurses and factory workers report 2,100%+ productivity gains, with Palantir launching the American Tech Fellowship to credential blue-collar AI innovators.
- **Sales Strategy**: No direct sales force needed; 90%+ of deals come from customer referrals, with leadership asking, "How do we roll this across the enterprise?"
- **Government Collaboration**: Palantir is a key implementer of the White House AI Action Plan, supporting U.S. shipbuilding and defense modernization.
- **Talent Retention**: 90%+ retention rate driven by access to high-impact problems and a culture where "being a Palantirian" is the ultimate credential.

Palantir Technologies Inc. (PLTR) Q2 2025 Earnings Call Transcript

- **US Dominance**: US commercial revenue up 71% YoY, 19% QoQ, surpassing $1B annual run rate.\n- **AIP Growth**: 239% YoY TCV bookings, agents automate workflows 50x faster.\n- **Gov Strength**: 45% YoY gov revenue growth, Maven deployed across NATO.\n- **Profitability**: Rule of 40 at 83%, 44% operating margin, $370M free cash flow.\n- **Future Focus**: US reindustrialization, AI-driven hardware (TITAN), and global gov expansion.\n

**【Ryan Taylor - Business Overview】**
- Q1 2025 revenue grew 39% YoY, with US revenue accounting for 71% of total. US commercial revenue surged 71% YoY, driven by AIP adoption.\n- Rule of 40 score improved to 83%, up from 81% in Q4 2024.\n- US commercial TCV bookings reached $810M (239% YoY growth), with 19% sequential growth.\n- Key customer wins include a $26M 5-year ACV deal with a healthcare company and a $19M expansion with a global bank.\n- AIG highlighted Palantir's ability to double their 5-year CAGR through AI integration.\n
**【Shyam Sankar - AIP & Government Progress】**
- AIP enters enterprise autonomy phase, enabling agents to automate workflows 50x more efficiently than humans.\n- Maven Smart System adoption doubled in 9 months, now deployed across NATO's 32 member states.\n- TITAN vehicles delivered to the US Army on time and budget, rated as top-performing.\n- Government revenue grew 45% YoY, driven by Maven and defense contracts.\n
**【Dave Glazer - Financial Highlights】**
- Q1 revenue: $884M (39% YoY growth), US commercial run rate surpasses $1B.\n- Adjusted operating margin: 44% (800bps YoY improvement).\n- Free cash flow: $370M (42% margin).\n- Full-year 2025 guidance raised to $3.896B revenue (36% YoY growth).\n- US commercial guidance: >$1.178B (68% YoY growth).\n
**【Alex Karp - Strategic Vision】**
- 49% YoY growth outside Europe, driven by AIP's value realization.\n- Rule of 40 score at 83% reflects high-quality, profitable growth.\n- Focus on US reindustrialization and government AI transformation.\n- TITAN project demonstrates software's role in hardware design.\n
**【Q&A Key Takeaways】**
- **Competition**: Ontology and AIP's enterprise autonomy differentiation protect margins.\n- **Government Budget Cuts**: Pressure-testing validates Palantir's cost efficiency, leading to 45% YoY gov growth.\n- **Europe Expansion**: Long-term opportunity as Europe adopts reindustrialization tools.\n- **Hardware Integration**: TITAN and Golden Dome projects exemplify software-driven hardware innovation.\n

Palantir (PLTR)-5 May 25-2025 Q1 Earnings call transcript

- **Record Growth**: Q4 2024 revenue up 36% YoY, U.S. commercial TCV booking surging 134% YoY to $803M.
- **Rule of 40 Triumph**: 81 score (vs. 68 Q3) reflects 36% revenue growth and 45% operating margin.
- **AI Production Leader**: 54% YoY U.S. commercial growth vs. 4% Europe, with 120% NDR driven by AIP adoption.
- **Government Momentum**: U.S. gov revenue +45% YoY, international gov +26% QoQ, and 12 Warp Speed customers onboarded.
- **Cash Machine**: $1.25B annual free cash flow (44% margin), guiding to $1.5B+ in FY25.


**【CEO & Executive Team Opening Remarks】**
- **Revenue Growth**: Q4 2024 revenue grew 36% YoY to $828M, with U.S. commercial revenue surging 64% YoY. Full-year revenue rose 29% YoY to $2.87B.
- **AI-Driven Expansion**: U.S. commercial TCV booked in Q4 reached $803M (134% YoY growth), driven by AIP adoption across industries like healthcare, telecom, and manufacturing.
- **Rule of 40 Milestone**: Q4 Rule of 40 score hit 81, up 13pts from Q3, reflecting strong revenue growth (36% YoY) and operating margin (45%).

**【CFO Financial Highlights】**
- **Profitability**: Adjusted operating margin expanded to 45% (vs. 39% FY23), with GAAP net income of $79M and adjusted EPS of $0.14 in Q4.
- **Cash Flow**: Generated $517M in adjusted free cash flow (63% margin) in Q4, and $1.25B annually (44% margin).
- **Guidance**: FY25 revenue expected to grow 31% YoY to $3.75B, with U.S. commercial revenue exceeding $1.079B (+54% YoY).

**【Q&A Key Takeaways】**
- **Ontology Differentiation**: Palantir's Ontology enables enterprises to operationalize LLMs securely, with 54% YoY growth in U.S. commercial revenue vs. 4% in Europe. Customer retention rate (NDR) rose to 120%.
- **China AI Threat**: Shyam Sankar warned of DeepSeek-R1's commoditization of models and falling inference costs, but emphasized Palantir's focus on AI production use cases vs. model supply.
- **Government Growth**: U.S. government revenue grew 45% YoY in Q4, driven by Maven adoption in defense and border security. International gov revenue rose 26% QoQ, led by U.K. NHS contracts.

**【Strategic Initiatives】**
- **Warp Speed Manufacturing OS**: Announced 12 customers in inaugural cohort, including Anduril and L3Harris, with early wins in automated quality inspection and production scheduling.
- **FedStar Acceleration**: Achieved FedRAMP High certification, reducing time-to-market for federal software providers.
- **Customer Expansion**: U.S. commercial customer count grew 73% YoY to 382, with TCV per customer up 18% YoY to $65M.


Actual	0.0523	0.0678	0.04	0.04	0.04	0.02	0.02	-0.01	0.01	0.04	0.05	0.05	0.07	0.08	0.08	0.09	0.1	0.14	0.13	0.16	0.21	0.25
Forecast	0.0203	0.0206	0.0366	0.0354	0.0372	0.0354	0.0362	0.0306	0.0196	0.0268	0.0396	0.0508	0.0565	0.0756	0.0773	0.0805	0.0906	0.111	0.1287	0.1382	0.1678	0.2302
Surprise	+157.64%	+229.13%	+9.29%	+12.99%	+7.53%	-43.50%	-44.75%	-132.68%	-48.98%	+49.25%	+26.26%	-1.57%	+23.89%	+5.82%	+3.49%	+11.80%	+10.38%	+26.13%	+1.01%	+15.77%	+25.15%	+8.60%

PLTR

PLTR fundamentals

PLTR Q4 2025 Earnings

Earnings Call

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PLTR

PLTR fundamentals

PLTR Q4 2025 Earnings

Earnings Call

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PLTR Earnings Call Summary for Q1/20255:00 PM on May 5, 2025

PLTR Earnings Call Summary for Q4/20245:00 PM on Feb 3, 2025

You can ask Aime