Core Insights - Palantir reported a remarkable Q3 performance driven by its AI platform (AIP), with revenue growth of 63% year-over-year and a significant increase in U.S. commercial business by 121% [1][4][26] - The CEO described the results as "extraordinary" and criticized financial analysts who have been skeptical about the company's prospects, asserting that they have been wrong at every price point [1][7][32] - The company raised its revenue and profit guidance for the year, reflecting strong confidence in future growth [4][25] Financial Performance - Q3 revenue reached $1.181 billion, exceeding market expectations, with a notable increase in U.S. commercial revenue [4][26] - The "40 Rule" score reached 114%, indicating a rare combination of high growth and high profitability in the software industry [6][30] - The company achieved a record total contract value (TCV) of $2.8 billion in Q3, driven by demand for AIP [5][26] AI Platform Demand - The core driver of growth is the "endless demand" for the AI platform (AIP), particularly in the U.S. commercial market [5][8] - Clients are shifting from single-use cases to enterprise-wide deployments, indicating a significant transformation in customer engagement [9][18] - The CEO emphasized that true enterprise AI requires Palantir's solutions, highlighting the platform's unique capabilities [15][18] Government Business - Palantir's government business remains strong, with U.S. government revenue growing by 52% year-over-year [12][26] - A milestone was achieved with the U.S. Army's directive to integrate all units into a data platform based on Palantir's technology [12][23] Market Position 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% [2][26] - Despite strong performance, analysts express concerns about the stock's valuation, which is significantly higher than larger tech companies [2][26] CEO's Stance - CEO Alex Karp's remarks during the earnings call included a strong defense of the company's strategy and a critique of Wall Street analysts, asserting that Palantir's success is misunderstood [7][32] - Karp highlighted the company's commitment to supporting U.S. national interests and its unique position in the AI market [7][32][35]

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]

在人工智能浪潮的推动下，软件公司Palantir交出了一份超预期的三季度财报和一份极其乐观的未来展望，其首席 执行官更将其描述为"非凡"的增长。 公司业绩的核心驱动力，源于其人工智能平台（AIP）所引发的"无尽需求"。，其中关键的美国商业业务增速高达 121%，并大幅上调了全年营收及利润指引。 在随后的电话会议上，首席执行官Alex Karp言辞激烈，不仅宣称公司取得了"软件公司史上最佳业绩"，更直接炮 轰长期看空公司的金融分析师，称他们"在每一个价位上都错了"。Karp将公司的成功归因于其独特的技术护城河 以及与美国国家利益的深度绑定。 Palantir是一家美国大数据分析服务公司，主要为美国国防部门、金融机构等提供大数据监测和分析软件。2023年4 月，Palantir宣布推出公司核心产品——人工智能平台（AIP），该平台最大的特色在于能够将 OpenAI和谷歌等公 司的大语言模型（LLM）集成到私有网络中。 最新财报发布后，这家以数据分析闻名的公司股价在盘后交易中一度飙升超过5%，为其今年以来已超过170%的惊 人涨幅再添动力。公司市值逼近5000亿美元，Palantir已成为标普500中表现最佳的股票 ...

Palantir (NasdaqGS:PLTR) Q3 2025 Earnings Call November 03, 2025 05:00 PM ET Company ParticipantsRyan Taylor - Chief Revenue Officer and Chief Legal OfficerShyam Sankar - CTODave Glazer - CFOMariana Mora - Director of Equity Research in Aerospace and DefenseAna Soro - Finance StaffAlex Karp - CEODan Ives - Global Head of Technology ResearchAna SoroGood afternoon. I'm Ana Soro from Palantir's finance team, and I'd like to welcome you to our third quarter 2025 earnings call. We'll be discussing the results an ...