US commercial just passed US government at Palantir | The 8:30
Palantir built its business on defense and intelligence contracts, and this quarter US commercial revenue passed US government revenue for the first time. Revenue came in at $2.313 billion against an estimate of $2.2 billion, adjusted earnings at 44 cents against 41, with both halves beating. The stock fell anyway, on guidance implying slower sequential growth. Luke Kawa of Sherwood News explains why a company that has accelerated every quarter for three years gets punished the first time it might not, and what Alex Karp’s sovereign AI argument is actually asking customers to buy.
Featuring
Jake Conley, Breaking Business News Reporter, Yahoo Finance
Pras Subramanian, Senior Autos Reporter, Yahoo Finance
Luke Kawa, Sherwood News
Watch the full episode of The 8:30: https://youtu.be/1aku4K6cGUo
Timestamps
0:00 Commercial passes government for the first time
1:04 What you have to bake in to justify that multiple
2:15 An expensive stock and an identity problem
3:21 The sovereign AI argument, and who it is for
5:05 The most colorful letter writer on Wall Street
#Palantir #AlexKarp #AIStocks #The830 #YahooFinance
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