Palantir Technologies Inc-A：业绩超预期，纳入标普500，政商业务潜力大

Investment Rating - The report assigns a positive investment rating to Palantir (PLTR.US) following its strong performance and inclusion in the S&P 500 [1]. Core Insights - Palantir reported Q3 2024 total revenue of approximately $726 million, a year-over-year increase of 30%, exceeding market expectations [1]. - Government customer revenue reached about$ 408 million, up 33% year-over-year, with a significant increase in average revenue per customer [1]. - Commercial customer revenue was approximately $317 million, a 27% year-over-year increase, although average revenue per customer saw a slight decline [1]. - The total number of customers increased to 629, reflecting a 39% year-over-year growth [1]. - The company announced a strategic partnership with Microsoft, enhancing its government business potential [1]. Financial Performance Summary - Q3 2024 operating profit margin was 15.59%, an increase of 8.43 percentage points year-over-year [1]. - Net profit for the quarter was$ 149 million, a 103% year-over-year increase [1]. - Cash and cash equivalents at the end of the quarter were $788 million, with adjusted free cash flow of$ 435 million [1]. - The company expects Q4 2024 revenue to be in the range of $767 to$ 771 million, with adjusted operating profit projected between $298 to$ 302 million [1]. Future Outlook - For the full year 2024, Palantir anticipates total revenue between $2.805 billion and$ 2.809 billion, with U.S. commercial revenue expected to exceed $687 million, representing at least a 50% year-over-year growth [1]. - The report highlights significant growth potential in the government sector, particularly in AI applications within defense budgets [1].