Why Palantir Stock Plummeted 11% Monday Morning By Rich Smith - Nov 7, 2022 at 2:05PM Key Points Palantir beat on sales but missed on earnings in Q3. 19 of those deals were at least $10 million in total contract value, 32 were at least 5 million and 78 were at least 1 million. On customer count, our net new U.S. commercial customers grew 124% year over year and 11% quarter over quarter, marking seven consecutive quarters of sequential growth greater than 10%. Gabriela Borges -- Goldman Sachs -- Analyst. We've been preparing it's like -- preppers have their rucksack and a rifle. We retain access to additional liquidity of up to $950 million through our $500 million revolving credit facility and $450 million delayed draw term loan facility, both of which remain entirely undrawn. That's about an 80% drop. You can surmise what that means. We now expect adjusted income from operations of between $384 million and $386 million. In this stream, I share all you need to know. We are raising our outlook for adjusted income from operations for the full year. Swiss Re shared that they saved more than $100 million in the first year of use alone. With that, I'll turn it over to Ana to start the Q&A. Click to get this free reportRiot Blockchain, Inc. (RIOT) : Free Stock Analysis ReportShift4 Payments, Inc. (FOUR) : Free Stock Analysis ReportPalantir Technologies Inc. (PLTR) : Free Stock Analysis ReportTo read this article on Zacks.com click here. Shares of Palantir closed down 14% on Monday. Palantir has guided for $474 - $475M in revenues for Q3'22 and if the company can maintain its second-quarter free cash flow margin of 13%, Palantir would report free cash flow of $62M.. Look, we're positing to the world purely financially. All Rights Reserved. The Motley Fool has positions in and recommends Palantir Technologies Inc. We weren't living in the metasphere. We have come as far as we have by consistently engaging with some of the hardest problems that the world and our customers have faced since our founding. Market-beating stocks from our award-winning analyst team. In addition, shareholders can submit and vote on questions by visiting https://app.saytechnologies.com/palantir-2022-q3. Income for the corporate had elevated 25.9% 12 months over 12 months, even beating analysts' expectations by $1.3 million. Think about how the market reacted to Palantir Applied sciences when it reported second quarter outcomes. Our next question comes from Gaurav, who asks, "What are Palantir's plans to grow the business in this challenging macro environment?". Swiss Re shared that they saved more than $100 million in the first year of use alone. I wish I could tell you more about what we're doing and how much it's transforming the world to be a better place, how much it scares our adversaries, what we deliver scares our adversaries, how much we were underestimated by our adversaries because of the informational technology and products we've built over decades, the quality of the people we have here, the pain we go through to deliver, and our commitment to win. Good morning. We'll be discussing the results announced in our press release issued prior to the market open and posted on our Investor Relations website. Here is how the corporate did: EPS: $0.01, adjusted, vs. $0.02 anticipated by analysts, in keeping with Refinitiv. Palantir's revenue for the quarter increased 22% year over year, and its U.S. commercial revenue grew 53%. And that's because the Ontology, it's the missing link in terms of what you need to realize value from all of these investments. If you took those results, the LTM for -- for our globe -- for our U.S. business is still just under 40%. We appreciate the case studies at foundry con about the tens of millions of savings that some of your customers are realizing. But foundational data platforms are not.". We have come as far as we have by consistently engaging with some of the hardest problems that the world and our customers have faced since our founding. Sure. Our customer count continues to increase at a significant rate. Management guided to. This compares to earnings of . This compares. In the government sector, Gotham has become the choice for U.S. and allied defense organizations around the world. Our international commercial business was roughly flat year-over-year and continues to be affected by both macroeconomic conditions and the strengthening dollar. Turning to our global top-line results. From the kill chain to the supply chain, our products ensure that there are no missing links. This year alone, we have started 25 supply chain projects. For the full year 2022, despite a negative 6 million currency impact since our prior quarter's guidance, we are reaffirming our revenue guidance of between 1.9 billion and 1.902 billion. As I previously mentioned, the TCV of our U.S. government contracts accounts for both funded and unfunded contract value, and we're seeing this pass through to our total remaining deal value. You know, we built this company for really tough times. An increase in expenses due to continued investments across the business is likely to have weighed on the bottom line in the quarter. Analyst Recommendations on PALANTIR TECHNOLOGIES INC. Morgan Stanley Trims Palantir Technologies Price Target to $10 From $11, Maintains Equa.. Total revenue grew 36% year-over-year to $392 million. 10 stocks we like better thanPalantir Technologies Inc.When our award-winning analyst team hasa stock tip, it can pay to listen. Earnings Webcast A live public webcast will. So, two questions on my end. Our next question is from Gabriela with Goldman Sachs. And I think what we've had to evolve over time is pricing models like usage-based pricing that enable enterprise customers to start on smaller use cases, nibble into it, kind of figure out where it's going to fit in their enterprise, come experientially to realize the power that the Ontology unlocks and then scale that across their operations. We added 25 net new commercial customers, which represents 98% growth year over year and 12% quarter over quarter. You see the TCV number in USG. I do think it's particularly dangerous for most people in tech. Alex, we had a lot of individual investors on the line who submitted questions. PALANTIR TECHNOLOGIES INC. DENVER, Nov. 7, 2022 /PRNewswire/ -- Palantir Technologies Inc. (NYSE: PLTR . What can we do now? For the fourth quarter, after factoring in a negative $5 million currency impact since our prior quarter's guidance, we expect revenue of between $503 million and $505 million. Our revenue within our existing customers also continues to expand. Our next question is from Brent with Jefferies. We're deepening the capability that we're offering our customers here. Turning to margins and expense. You don't like it. We'll be discussing the results announced in our press release issued prior to the market open and posted on our Investor Relations website. And so that's, I think, a key focus here. And we are planning to continue to, like, go into battle every day. Does that essentially shift your mix away from the forward-deployed engineering model over time? By the way, that's why we -- we prepared and that's the technical thing. Even if you can build it as well as we can. With that, I'll turn it over to Ana to start the Q&A. Now, the rest of the world may not expect more than that, and that -- that's a problem for the rest of the world long term and a problem for us in the near term. Returns as of 11/14/2022. However, the company is. So 2 questions on my end. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. I'll turn over to Dave to take us through the financial results from this quarter. The company now expects adjusted income from operations to range from $384 million to $386 million in 2022. Excluding such impact, we would expect fourth quarter revenue of between $508 million and $510 million. It's like -- preppers have their rucksack and the rifle. There are thousands of hidden problems that really I don't think any other company understands, whether it's the cold chain, the supply chain. The quarter-over-quarter growth in total remaining deal value was driven by our unusually strong performance in TCV. 4 million currency headwind since we issued guidance. And we are planning to continue to go into battle every day. Shares of Palantir closed down more than 11% Monday after the company released third-quarter earnings that missed analyst estimates for earnings but beat on revenue. We generated 47 million in cash from operations, and our adjusted free cash flow was 37 million, representing a margin of 10% and 8%, respectively. We increased our U.S. commercial customer count to 132 at the end of Q3, a 124% increase year over year. of shares Palantir It closed down more than 11% on Monday after the company posted third-quarter earnings that missed analysts' earnings estimates but beat estimates on revenue.. Here's how the company does it: Earnings per share: $0.01, adjusted, compared with analysts' expectations of $0.02, according to Refinitiv. The times are tough and they're going to get worse. We -- we are enormously proud of our work defending the West, especially the U.S. military and its allies. The top line is expected to have benefited from strength in both the government and commercial segments. Our Q4 revenue guidance implies full year 2021 revenue of $1.527 billion, which represents another year of revenue growth of 40% or higher. Commercial customer count grew 46% quarter-over-quarter. Also, revenue rose 22% to $478 million, the maker . And then, there's our massive TCV. Up next 'Burping' could be a sign of SIBO - symptoms to spot. IDC ranked Palantir as the number one AI software platform worldwide by 2021 market share and sales, beating Microsoft, IBM, Amazon, and Google. U.S. TCV booked was 1.1 billion, 90% of which was attributable to our U.S. government business. Europe, driven by Germany. Market Cap $23B Today's Change (1.15%) $0.13 Current Price $11.45 Price as of August 5, 2022, 4:00 p.m. It generated a positive adjusted free cash flow of $127 million over the first nine months of 2022, falling from $320 million in the same period one year ago. And so, we're always going to modulate how we deploy those folks between USG, things that are happening in Europe, things that are happening at the front lines of our customers' operations, the engineers looking and seeing what we're doing on in large-scale mining operations in Mongolia as it relates to driving our R&D road map forward. What I think you see happening is that disruption is helping us in the U.S. We are living in this world, not in some meta fake world that you may enjoy until you wake up and you are poorer, your brain works less well and you hate your neighbor. U.S. revenue grew 31% year-over-year to 297 million, and on a trailing 12-month basis, U. S. revenue grew to $1.11 billion. A key takeaway from the Q3 earnings report was the significantly improving cash from operations and margins. Palantir Technologies Inc. (NYSE:PLTR) Q3 2022 Results Conference Call November 7, 2022 8:00 AM ET, Ryan Taylor - Chief Business Affairs & Legal Officer. Gabriela, please turn on your camera, and then you'll receive a prompt to unmute your line. Palantir Technologies Inc. (NYSE:NYSE:PLTR) Q3 2022 Results Conference Call November 07, 2022 8:00 AM ET Company Participants Alexander Karp - Chief Executive Officer Shyam Sankar - Chief. It will be in the 70% range fairly shortly. Revenue grew 22% year-over-year to $478 million; US revenue grew 31% year-over-year to $297 million That's our company. We want to hear from you. So, on the pricing side, I mean, value-based pricing is where we started. Palantir Applied sciences (NYSE:PLTR) reported Q3 outcomes and ahead steerage on November seventh that upset Mr. Market, sending the share worth decrease: Knowledge by YCharts. The third quarter TCV figure was driven significantly by renewals and expansions of existing U.S. government contracts, a portion of which have already been funded to date. Palantir has an Earnings ESP of 0.00% and a Zacks Rank #5 (Strong Sell). Here are the key highlights. It is possible that this date will be updated in the future . Well -- well, thanks, Ryan. Seventeen years in the trenches. Theyjust revealed what they believe are thetenbest stocksfor investors to buy right now and Palantir Technologies Inc.wasn't one of them! We increased our U.S. commercial customer count to 132 at the end of Q3, a 124% increase year-over-year. Semiconductor giant Advanced Micro Devices AMD reported third-quarter financial results after market close Tuesday. Q3 2021 Highlights. Our - moment of macroeconomic uncertainty, that differentiation has never been more valuable to the market than today. Mariana Perez Mora -- Bank of America Merrill Lynch -- Analyst, Morning, everyone. 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