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Palantir Technologies (NASDAQ:PLTR) is set to report its Q2 earnings on Monday, August 4, after the market closes.
Analysts expect earnings per share of $0.14, reflecting a 55.6% year-over-year increase, and revenue of $939.47 million, up 38.5% from the same period last year.
Palantir has outperformed expectations consistently, beating both EPS and revenue estimates 88% of the time over the past two years.
In the past three months, EPS estimates have been revised upward 12 times and downward 3 times, while revenue estimates have seen 16 upward revisions with no downgrades.
The company’s business momentum remains strong, but its valuation is stretched at 96 times FY 2025 sales and over 200 times forward earnings projections.
SA columnist Oakoff Investments expects Q2 results to beat expectations, but any slowdown or a lack of positive surprises could lead to a sharp correction. Shares of the company are up 109.4% YTD.
Investors may be cautious reading into the earnings, especially with recent diversification efforts from Defense Department contracts and lofty growth assumptions.
Palantir (NASDAQ:PLTR) last reported total Q1 revenue of $884M, up 39% Y/Y, driven by strong U.S. commercial and government revenue growth. It also raised its full-year 2025 revenue guidance, now expecting 36% Y/Y growth, and increased its U.S. commercial revenue guidance to 68% Y/Y growth.
Continued strong demand for Palantir’s AI-driven solutions, especially in the U.S. commercial and government sectors, an expanding customer base and increased deal sizes, particularly in the private sector, are likely to be continuing growth drivers.