Palantir Technologies Q2 2023 Business Update – Earnings & Growth

Palantir Technologies reported Q2 2023 results with third consecutive quarter of GAAP net income profitability and GAAP EPS of $0.01. Revenue grew 13% year-over-year to $533 million, with US commercial revenue increasing 20% and customer count up 35%. The company achieved adjusted operating margin of 25% and generated $96 million in adjusted free cash flow.