Palantir Technologies Q1 Earnings Meet Estimates and Rise Y/Y

Core Insights - Palantir Technologies (PLTR) reported first-quarter 2025 earnings that matched the Zacks Consensus Estimate, with revenues exceeding expectations [1] - Adjusted earnings per share increased by 62.5% year over year, reaching 13 cents, while revenues grew by 39.3% year over year to $883.9 million, surpassing the Zacks Consensus Estimate by 2.4$628 million, reflecting a 55% year-over-year increase [2] - U.S. commercial revenues surged by 71% year over year to $255 million, while U.S. government revenues rose by 45$373 million [2] - The company closed 139 deals of at least $1 million, 51 deals of at least$5 million, and 31 deals of at least $10 million during the quarter [2] Contract Value and Customer Growth - Total U.S. commercial contract value reached$810 million, marking a 183% year-over-year increase [3] - U.S. commercial remaining deal value was $2.32 billion, up 127$397.3 million, a 69% increase from $235 million in the prior year [4] - The adjusted EBITDA margin improved by 800 basis points year over year to 45$993.5 million, down from $2.1 billion at the end of the previous quarter [5] - Operating cash flow for the quarter was$310.3 million, with capital expenditures of $6.2 million [5] Guidance - For Q2 2025, Palantir expects revenues between$934 million and $938 million, exceeding the current Zacks Consensus Estimate of$898.5 million [6] - For the full year 2025, revenues are projected to be between $3.89 billion and$3.90 billion, above the current Zacks Consensus Estimate of $3.77 billion [7] - Adjusted income from operations is anticipated to be between$1.71 billion and $1.72 billion, with adjusted free cash flow expected between$1.6 billion and $1.8 billion [7]