Palantir财报超预期，上调全年指引，股价盘后反而重挫

Core Viewpoint - Palantir's first-quarter performance significantly exceeded expectations, with a revenue of $884 million, a 39% increase from $634.3 million in the same period last year, and the company raised its full-year guidance despite facing short-term stock price pressure due to high valuation [3][4][5]. Group 1: Financial Performance - Palantir reported a first-quarter revenue of $884 million, surpassing analyst expectations of $863 million, and showing a 39% year-over-year growth from $634.3 million [5]. - Adjusted earnings per share were $0.13, in line with market expectations, while net income rose to approximately $214 million ($0.08 per share), significantly up from about $105.5 million ($0.04 per share) in the previous year [5]. - The operating profit margin for the first quarter reached 19.9%, a substantial improvement from 12.8% in the same period last year [5]. Group 2: Business Segments - The U.S. government business grew by 45% to $373 million, while U.S. commercial revenue surged by 71% to $255 million [5]. - The strong performance in the government sector was attributed to broader adoption of Palantir's tools by U.S. government departments, with a noted surge in demand for large language models and supporting software [5]. Group 3: Valuation and Market Expectations - Despite strong financial results, Palantir's high valuation poses a risk for stock price corrections, as the company’s price-to-sales ratio stands at 102.34, the highest in the S&P 500, more than double that of Texas Pacific Land [7]. - Analysts indicate that for companies with such high valuations, investors expect not just to meet but to significantly exceed performance expectations, which explains the post-earnings stock price decline despite strong results [7]. Group 4: Future Outlook - Palantir has raised its full-year revenue guidance to between $3.89 billion and $3.90 billion, up from the previous forecast of $3.74 billion to $3.76 billion [9]. - The company anticipates second-quarter revenue to be between $934 million and $938 million, with adjusted operating income expected in the range of $1.711 billion to $1.723 billion [9].