Earnings
Home›Earnings›Previews›Palantir earnings on Aug. 3 intensify debate over reve…
Palantir earnings on Aug. 3 intensify debate over revenue outlook
Palantir is due to report second-quarter results on Aug. 3, after analysts cited conflicting signals on commercial spending and the Street is split on whether results can clear the company’s own guidance.
Palantir (PLTR) is set to report second-quarter results on Aug. 3, as analysts covering the stock cannot agree on what the company’s commercial business will deliver. Yahoo Finance notes that PLTR shares fell about 6% after Cleveland Research flagged signs of weak spending among Palantir’s commercial customers.
Despite that caution, Baird analyst William Power reiterated an “Outperform” rating and a $200 price target, and Oppenheimer analyst Param Singh also kept an “Outperform” rating with a $200 target. Singh expects revenue to grow roughly 85% in Q2, compared with Palantir’s own Q2 guidance pointing to revenue of about $1.8 billion, which would imply growth of roughly 80%.
Bulls point to Palantir’s track record, including guidance raises, with the article highlighting that management has said demand is not the issue, but execution capacity is. CEO Alex Karp said U.S. growth is being limited because the company has been unable to fulfill demand, which the article says conflicts with Cleveland’s commercial-spending warning.
The piece frames the main risk as valuation, noting that Palantir trades at a steep multiple for software and is priced for near-perfect results each quarter. With the stock’s expectations high, the article suggests investors will look closely to see if Palantir can beat quarterly numbers and potentially raise its full-year outlook again.