PLTR

Contents: Prepared Remarks; Questions and Answers; Call Participants. Prepared Remarks: Rodney Nelson. Good morning. Welcome to Palantir's first quarter 2022 ...

Our U.S. government revenue represented 42% of our Q1 revenue, and a significant amount of this is in the defense space. And so the end result of this is that in Q2, we've started to see the U.S. And the practicality of our software arises from the deep love of our users, the humans who are at the coal face who do the hard work day in and day out from the factory floors of Detroit to the cold concrete floors that refugees are sleeping on in Warsaw. We build software for the world as it is today to help our customers and their humans manage to get to the world that ought to be. The prescience of our software arises from a deep love and respect for the institutions that are acquired for the world to function and a deep understanding of the macro and geopolitical shifts that some might say are coming, but we would say have already arrived. We're doing a substantial amount of work right now where we are investing in our customers, and we expect that work to have both short term but also longer-term payouts. We are spending to position the company and our customers to win in the current geopolitical environment. More fundamentally, we believe supplying our products to the U.S. government and her allies is a core pillar of our business. We work with some of the most crucial and important institutions in the world. Why is it that we are unable to see the violence that is occurring as truly something that it will be part of our ongoing future and not as episodic? But we seek to be the first company to do this as a software prime, using software innovation and our unmatched expertise to deliver new integrated hardware/software capabilities faster than the pace of conflict. Why is it that our institutions are not even pretending that they will be able to hold the center while simultaneously pretending the center will coagulate to a center independent of new structures, new ways of doing things of new products, new institutions, new ideas? But we are playing a good role in your support and buying into the world as it is, is enormously important to us.

For the second quarter ending in June, Palantir offers 'base case' financial guidance of $470 million in revenue. Wall Street had expected $484 million.

Year to date, the stock has fallen about 60%. Palantir stock (ticker: PLTR) fell 20.8% on Monday to $7.51. It hit an all-time low of $7.32 during the session. Palantir’s Earnings and Outlook Fall Short of Estimates. The Stock Plunged.

Palantir Technologies (NYSE:PLTR) stock is down 20% today after the data analytics company issued its latest quarterly financial results.

It’s a bad day to be a shareholder of Palantir. The stock is taking a big drop following lackluster results and a disappointing outlook. On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. Year to date, the technology-heavy Nasdaq index is down nearly 25% and firmly in bear market territory. Technology stocks have been particularly hard hit as investors sell equities in favor of safe-haven assets with interest rates rising and concerns growing that the U.S. economy could enter a recession. The company, based in Denver, Colorado, posted earnings that fell well short of Wall Street expectations, prompting today’s selloff. Perhaps worse than its first-quarter results, Palantir provided weaker-than-expected guidance for the second quarter.

Palantir reported underwhelming FQ1 earnings. The significant deceleration in its government revenue is worrying. Read why PLTR stock could have ...