Palantir and Snowflake Post Divergent AI-Driven Quarters

Earnings
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Summary · why it matters

Palantir and Snowflake reported contrasting quarterly results that highlight their different positions in the enterprise AI market. Palantir's revenue surged 84.7% year-over-year, driven by a 133% jump in U.S. commercial revenue to $595 million and an 84% increase in U.S. government revenue to $687 million, while CEO Alex Karp noted its Rule of 40 score reached 145%, a level he said only NVIDIA, Micron, and SK hynix have matched. Snowflake posted 33.5% revenue growth with product revenue of $1.33 billion, net revenue retention of 126%, and remaining performance obligations up 38% to $9.21 billion, as Cortex Code surpassed 7,100 accounts and Snowflake Intelligence accounts more than doubled sequentially. Palantir generated $925 million in free cash flow and raised its full-year revenue guidance to between $7.65 billion and $7.66 billion, while Snowflake continued to invest heavily through a $6 billion multi-year AWS agreement, an OpenAI partnership, and acquisitions, resulting in a GAAP operating loss of $326 million but an improved non-GAAP operating margin guidance of 13.5%. Year-to-date, Palantir shares have fallen 30.77% amid a price-to-earnings ratio near 174 and insider selling, whereas Snowflake shares have risen 33.7% with 44 buy ratings against 6 holds.

Impact on stocks 6

Artificial Intelligence▲ · 4 stocks
Cloud & Digital Infrastructure▲ · 1 stocks
Snowflake Inc.
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Product revenue grew 33.5%, Cortex Code surpassed 7,100 accounts, and Snowflake Intelligence accounts more than doubled.

Semiconductors▲ · 1 stocks

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Off-coverage companies 1

OpenAIPrivate± Mixed
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