What You Need To Know Ahead of Palantir’s Earnings Report [Video]

Palantir Technologies (PLTR) is set to report second-quarter earnings after the closing bell on Monday with investors likely to be watching for commercial segment growth and updates about the demand for the data analytics company’s artificial intelligence (AI) platform.

Palantir’s revenue is projected to be $653 million, according to estimates compiled by Visible Alpha, which would represent a more than 22% increase from the year-ago period. Net income is expected to be $94.83 million or 4 cents per share, an increase from the second quarter of 2023.

Palantir will report revenue driven by commercial and government customers, with investors likely watching for sustained growth in the company’s commercial segment.

Analysts expect commercial revenue to be $305.2 million, accounting for almost half (47%) of the company’s projected total revenue. This would represent 32% growth from the year-ago period.

Citi analysts said that momentum in Palantir’s commercial segment could offset uncertainty in the government side of the …