Prediction: Palantir's Commercial Revenue Passes Its Government Revenue Before 2027, and the Stock's Growth Math Changes With It.
A $45 million gap, a commercial business growing far faster, and a crossover the current growth rates put just one quarter away.
Overview
For most of its life, Palantir Technologies (NASDAQ:PLTR) has been a government software company.
Even now, with shares near $186 as of this writing, the artificial intelligence (AI) software specialist's biggest business at home is still the one built on government contracts. U.S. government revenue was $809 million in the second quarter, against $764 million for U.S. commercial.
Details
But the gap is down to $45 million, and the two lines are not growing at the same speed. Last quarter, the U.S. commercial side grew 149% year over year. The government side grew 90%.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.