Core Insights - Palantir has significantly raised its Q4 and full-year 2025 guidance, achieving a remarkable "Rule of 40" score of 114%, with a 63% revenue growth and a 51% adjusted operating margin, which is rare in the software industry [1][10][18] - The CEO described the company's performance as "the best in software history" and criticized analysts who have been bearish on the stock, claiming they have been wrong at every price point [3][11][39] Financial Performance - In Q3, Palantir reported a 63% year-over-year revenue increase to $1.181 billion, exceeding market expectations, with U.S. commercial business growth soaring by 121% [3][8][31] - The company raised its full-year revenue guidance to a midpoint of $4.398 billion, representing a 53% year-over-year increase, and U.S. commercial revenue guidance to over $1.433 billion, with a growth rate of at least 104% [18][30] - The total contract value (TCV) reached a record $2.8 billion in Q3, a 151% year-over-year increase, with 204 deals valued at $1 million or more [8][32] AI Platform Demand - The core driver of Palantir's growth is its Artificial Intelligence Platform (AIP), which has created "endless demand," particularly in the U.S. commercial market [3][12][18] - Customers are shifting from single-use cases to enterprise-wide deployments, with C-suite executives taking a leading role in AI transformations [14][24] Unique Competitive Advantage - Palantir's unique technology "moat" is attributed to its foundational investments in "Ontology," which integrates various data sources and formats, enabling the effective use of large language models (LLMs) [15][26] - New tools like AI FDE and AI Hivemind are enhancing productivity and enabling clients to solve complex problems more efficiently [15][27] Government Business - The government segment remains strong, with U.S. government revenue growing by 52% year-over-year, and a significant milestone being the U.S. Army's directive to integrate all organizations into a data platform based on Palantir's technology [16][34] Market Sentiment and Valuation - Following the earnings report, Palantir's stock surged over 5% in after-hours trading, contributing to a year-to-date increase of over 170%, although analysts express concerns about the stock's high valuation relative to its fundamentals [4][11] - The company's price-to-earnings ratio is considered extreme compared to larger tech giants, raising questions about sustainability if the AI hype subsides [4][11]
Palantir CEO炮轰华尔街：我们交出软件公司史上最佳业绩，而你们一直看错！（附电话会全文）
美股IPO·2025-11-04 02:16