Palantir books its first $1 billion in quarterly sales after dodging US spending cuts
The stock rose above $170 before the opening bell Tuesday, which would be tops for the company that has already notched record highs four times this year, the most recent on July 25 when its stock closed at $158.80.
Since going public in 2020 when it posted a $1.17 billion annual loss, the artificial intelligence software company has swung to a profit. Profit rose 33% to $327 million in the second quarter.
Its $1 billion quarterly revenue haul was fueled by a 53% spike in government sales, despite massive spending cuts under President Donald Trump and his Department of Government Efficiency, once led by the world's richest man Elon Musk.
'DOGE has had zero negative impact on Palantir's U.S. government business, which achieved its fastest growth rate since the second quarter of 2021,' wrote William Blair analysts Louie DiPalma and Bryce Sandberg. 'Palantir is clearly benefiting from AI industry momentum across its government and commercial customer bases.'
The company also recorded a 93% jump in business sales. Overall U.S. revenue surged 68% to $733 million.
Late Monday, Palantir raised its revenue expectations for 2025 to between $4.14 billion and $4.15 billion. It also raised its U.S. commercial revenue guidance to more than $1.3 billion, which would mean that Palantir achieved a growth rate of at least 85%.
'This was a phenomenal quarter,' CEO Alex Karp said in a statement accompanying the earnings release. 'We continue to see the astonishing impact of AI leverage.'
Palantir, headquartered in Denver, Colorado, specializes in software platforms that pull together and analyze large amounts of data.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a minute ago
- Yahoo
Are Investors Undervaluing Service Stream Limited (ASX:SSM) By 37%?
Key Insights Service Stream's estimated fair value is AU$3.21 based on 2 Stage Free Cash Flow to Equity Service Stream is estimated to be 37% undervalued based on current share price of AU$2.01 Our fair value estimate is 53% higher than Service Stream's analyst price target of AU$2.10 Today we will run through one way of estimating the intrinsic value of Service Stream Limited (ASX:SSM) by taking the expected future cash flows and discounting them to today's value. This will be done using the Discounted Cash Flow (DCF) model. Believe it or not, it's not too difficult to follow, as you'll see from our example! We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. The Calculation We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Levered FCF (A$, Millions) AU$92.2m AU$101.4m AU$102.3m AU$103.9m AU$106.0m AU$108.4m AU$111.2m AU$114.2m AU$117.5m AU$120.9m Growth Rate Estimate Source Analyst x4 Analyst x4 Analyst x1 Est @ 1.53% Est @ 2.00% Est @ 2.33% Est @ 2.57% Est @ 2.73% Est @ 2.84% Est @ 2.92% Present Value (A$, Millions) Discounted @ 7.8% AU$85.5 AU$87.2 AU$81.6 AU$76.9 AU$72.7 AU$69.0 AU$65.6 AU$62.5 AU$59.7 AU$56.9 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = AU$718m We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 3.1%. We discount the terminal cash flows to today's value at a cost of equity of 7.8%. Terminal Value (TV)= FCF2035 × (1 + g) ÷ (r – g) = AU$121m× (1 + 3.1%) ÷ (7.8%– 3.1%) = AU$2.6b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= AU$2.6b÷ ( 1 + 7.8%)10= AU$1.2b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is AU$2.0b. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of AU$2.0, the company appears quite good value at a 37% discount to where the stock price trades currently. Remember though, that this is just an approximate valuation, and like any complex formula - garbage in, garbage out. The Assumptions The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Service Stream as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.8%, which is based on a levered beta of 1.119. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. See our latest analysis for Service Stream SWOT Analysis for Service Stream Strength Earnings growth over the past year exceeded the industry. Currently debt free. Dividends are covered by earnings and cash flows. Weakness Dividend is low compared to the top 25% of dividend payers in the Construction market. Opportunity Annual earnings are forecast to grow for the next 4 years. Trading below our estimate of fair value by more than 20%. Threat Annual earnings are forecast to grow slower than the Australian market. Looking Ahead: Whilst important, the DCF calculation ideally won't be the sole piece of analysis you scrutinize for a company. The DCF model is not a perfect stock valuation tool. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. Can we work out why the company is trading at a discount to intrinsic value? For Service Stream, we've compiled three further items you should consider: Risks: As an example, we've found 1 warning sign for Service Stream that you need to consider before investing here. Future Earnings: How does SSM's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. Simply Wall St updates its DCF calculation for every Australian stock every day, so if you want to find the intrinsic value of any other stock just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Forbes
3 minutes ago
- Forbes
Save Up To 60% On Outdoor Essentials With These Patio Furniture Sales
The end of summer may be looming, but there's still plenty of time to soak in the remaining sun-filled days. Plus, with fall on the horizon, you'll soon be able to enjoy your outdoor oasis without the blazing heat. Give your space one last summer refresh or begin preparing for autumn nights with the best patio furniture sales right now. Whether you're looking forward to lounging on chaise chairs or getting cozy by this top-rated fireplace, there's plenty of markdowns on patio essentials to take advantage of this week. These are the best patio furniture sales this week from a surplus of top retailers. ILLUSTRATION: FORBES / PHOTOS: RETAILER Home brands like West Elm, Wayfair and Frontgate are offering tons of deals on investment-worthy pieces right now—from roomy seating arrangements to intimate bistro tables. Ahead, we've rounded up the best patio furniture sales from popular retailers to help you save as much as 60% on your backyard refresh. Sand & Stable Calhoun 4-Piece Sofa Seating Group: Now $440, Was $775 (43% Off) Alcott Hill 7-Piece Wicker Sectional Seating Group: Now $810, Was $1,100 (26% Off) Avyion 4-Piece Outdoor Living Set: Now $650, Was $1,157 (44% Off) Arlmont & Co. Outdoor Chaise Lounge Chairs: Now $155, Was $237 (35% Off) Red Barrel Studio Kristain 6-Person Patio Dining Set: Now $540, Was $1,200 (55% Off) Red Barrel Studio Carved-Back Floral Garden Bench: Now $125, Was $176 (29% Off) Loon Peak Elland HDPE Folding Adirondack Chairs (Set Of 4) : Now $550, Was $1,076 (49% Off) Keter Outdoor Storage And Organization Deck Box: Now $60, Was $93 (35% Off) Trent Austin Design Alsacia Square Smokeless Fire Pit Table: Now $500, Was $670 (25% Off) Ciokea Teak Lounge Chair: Now $150, Was $200 (25% Off) LHBCraft 7-Piece Patio Furniture Set: Now $335, Was $500 (33% Off With Coupon) Serwall Outdoor HDPE Dining Table Set: Now $700, Was $1,100 (36% Off) Sweetcrispy 3-Piece Patio Furniture Set: Now $80, Was $100 (20% Off) Best Choice Products Zero Gravity Lounge Chair (Set Of 2): Now $100, Was $130 (23% Off) Shintenchi 3-Piece Patio Bistro Set: Now $77, Was $100 (23% Off) Comlax Field Patio Furniture Set: Now $380, Was $460 (17% Off) East Oak 3-Piece Patio Furniture Set: Now $340, Was $550 (38% Off) Best Choice Products Hanging Patio Umbrella: Now $90, Was $110 (18% Off) Frontgate Café 5-Piece Curved Back Chairs Table Set: Now $998, Was $1,398 (29% Off) Frontgate Pasadena II Modular Sofa Set: Now $2,298, Was $3,598 (36% Off) Frontgate Seton 3-Piece Loveseat Set: Now $4,997, Was $6,397 (22% Off) Frontgate French Café Swivel Bar Stool: Now $559, Was $799 (30% Off) Frontgate Isola Teak Rocking Chair: Now $699, Was $999 (30% Off) Frontgate Isola 3-Piece Loveseat Set: Now $1,947, Was $3,097 (37% Off) Frontgate Westport Bar: Now $2,850, Was $5,499 (48% Off) Frontgate Santino Chaises (Set Of 2) : Now $780, Was $1,749 (55% Off) West Elm Coastal Outdoor Sofa (76-Inch): Now $1,639, Was $2,049 (20% Off) West Elm Lima Outdoor Coffee Table: Now $325, Was $699 (54% Off) West Elm Coastal Outdoor Petite Lounge Chairs: Now $1,250, Was $1,798 (30% Off) West Elm Round Outdoor Umbrella: Now $140, Was $299 (53% Off) West Elm Portside Wood Outdoor Dining Set: Now $2,197, Was 2,596 (15% Off) West Elm Pebble Indoor/Outdoor Oval Coffee Table: Now $319, Was $399 (20% Off) West Elm Ombre Pop Outdoor Performance Rug: Now $239, Was $299 (20% Off) West Elm Cusco Outdoor Sofa: Now $1,140, Was $1,899 (40% Off) West Elm Portside Outdoor Textilene Chaise Lounge: Now $639, Was $799 (20% Off) Pottery Barn Abbott Acacia Woven Outdoor Lounge Chairs: Now $1,118, Was $1,398 (20% Off) Pottery Barn Edison Rectangular Propane Fire Pit Table: Now $2,700, Was $3,499 (23% Off) Pottery Barn 10-Inch Rectangular Outdoor Patio Umbrella: Now $463, Was $579 (20% Off) Pottery Barn Malibu Metal Rectangular Fire Pit Table: Now $1,599, Was $3,999 (50% Off) Pottery Barn Indio Eucalyptus Outdoor Storage Bench: Now $450, Was $899 (44% Off) Pottery Barn Abbott Acacia Ultimate 3-Piece Outdoor Kitchen Set: Now $6,677, Was $8,347 (20% Off) Pottery Barn Capri Wicker Outdoor Loveseat: Now $479, Was $599 (20% Off) Pottery Barn Briar Metal Round Outdoor Accent Table: Now $79, Was $199 (60% Off) Wayfair is one of the best online retailers for home goods. It carries thousands of products from a variety of brands, including a robust inventory of patio furniture. This week, shop new arrivals, best-selling items and top-rated products at up to 55% off. Amazon is a true one-stop shop for everything you could possibly need, including patio furniture. The online retailer has a wide array of well-priced designs to match just about any style and budget, like this dining table set and this spacious, curved umbrella. MOST POPULAR Frontgate seamlessly blends traditional and contemporary designs to create timeless, high-end pieces for your home. Right now, you can save up to 55% on outdoor furniture, including dining seating and lounge sets, during its Anniversary Event. Coupons By Forbes Vetted The Best Frontgate Promo Codes | Online Promo Codes, Offers & Discounts Best Patio Furniture Sales: West Elm If you're looking for mid-century-inspired furniture, you can't go wrong with West Elm. Its outdoor sale section is full of chic bestsellers for up to 54% off—like this outside dining table that seats six and this outdoor sofa. Best Patio Furniture Sales: Pottery Barn No matter your outdoor aesthetic, Pottery Barn has options to fit your design vision. Right now, you can save up to 60% on outdoor essentials and patio furniture, including customizable sets. Best Patio Furniture Sales: Article For those eyeing Article's contemporary home pieces, the brand is currently offering up to 60% off select styles, including outdoor furniture. Shop its current selection and save on up to $350 on outdoor rugs, ottomans and more. Best Patio Furniture Sales: Joss & Main Joss & Main offers some of our favorite pieces and décor that you can use both inside and outside your home. Whether you're looking for accents to add to your outdoor paradise or essentials like dining sets and chairs, the brand has you covered. Browse through hundreds of products during Joss & Main's Outdoor Sale. Why Trust Forbes Vetted The Forbes Vetted home team has spent countless hours researching and writing home shopping guides, including our best patio furniture guide and tested stories, like the best outdoor sofas and the best patio umbrellas. We regularly reference each guide to find the best patio furniture deals available right now. Assistant deals editor Jordan Thomas has been writing about deals and online consumer shopping since 2019. She tracks trending products and sales all year long to bring readers the best offers available. Deals and coupons writer Bianca Alvarez has been writing about shopping across all categories for over two years, consistently uncovering the best products and sales from various retailers. Deals editor Maya Gandara has been covering the e-commerce space for over six years, hunting down the best product deals retailers have to offer across beauty, fashion, home and tech. When Can You Get The Best Deals On Patio Furniture? You're likely to find the best patio furniture deals towards the end of summer. As retailers prep for fall and winter, they typically discount spring and summer inventory to make room for incoming cold-weather essentials. That said, you can also find some great offers in early spring—like March and April—as retailers start to stir up interest for the warm weather ahead. What Is The First Thing You Should Consider When Selecting Patio Furniture? The first factor you should consider when selecting patio furniture is climate. You want outdoor furniture that's made with long-lasting materials best suited for the weather in your area. For instance, aluminum furniture is lightweight but durable; it will last longer in a rainy or humid environment compared to materials like iron, which will rust when exposed to constant moisture. What Type Of Patio Furniture Lasts The Longest? Depending on your aesthetic and climate, patio furniture made of aluminum, teak or synthetic materials—like poly lumber and HDPE (high-density polyethylene) plastic—last the longest. All of the above materials are extremely durable and resistant against deteriorating factors like pests, rust and rot.
Gizmodo
3 minutes ago
- Gizmodo
This 4.5-Star Mini PC (Ryzen 7, 32GB RAM, 512GB SSD) Just Hit Black Friday Pricing, Low in Stock on Amazon
Your PC doesn't have to be big or expensive to get the job done. If you've been on the lookout for something that saves both space and your wallet, the Acemagician Kron mini PC is an excellent option to consider, especially now that it's available at a discount. Amazon is currently offering this compact yet powerful box for $289 after a 28% discount. That's a solid drop for a Ryzen 7-powered machine with specs that usually push the price much higher, but since it's a limited-time deal, we recommend acting fast. See at Amazon You're getting way more than entry-level specs here. The machine is powered by an AMD Ryzen 7 5700U processor with 8 cores and 16 threads, capable of speeds up to 4.3 GHz. From heavy-duty editing to some serious multitasking, it can take care of it all. The CPU is nicely paired with an AMD Radeon RX Vega 8 GPU that can push 4K visuals while handling the task at hand efficiently. The mini PC comes with 32GB of DDR4 RAM and a 512GB M.2 SSD – generous for a mix of apps, games, and other software. Still, if you ever need more space, the RAM can go up to 64GB, and storage can be expanded up to 4TB. Port-wise, you get HDMI 2.0, DisplayPort 1.4, USB 3.2 Gen1 and Gen2, Type-C, and more. Connect your TV, run a multiple monitor setup (supports up to three 4K screens), or even use it with your projector for movie nights. Windows 11 comes pre-installed, so it is ready to be used right out of the box. Of course, you'll need solid connectivity to make the most of it, and for that, you get Wi-Fi 6 and Bluetooth 5.2. Enjoy a strong and stable connection anywhere. And even with all this power, the machine stays cool, calm, and noise-free while working. The high-speed fan and dual exhaust design keep the temperature in check while also making sure you're not continuously distracted by loud fan noise. The brand also throws in a 2-year warranty along with lifetime 24/7 technical support, so the team will always be available and ready to help should you run into any issues. In short, at $289, the Kron mini PC packs more performance than most desktops at this price. You get great storage, impressive performance, a healthy selection of ports, and even lifetime support for under $300. If you've been wanting to upgrade without spending a ton, this deal is worth jumping on. See at Amazon
