Palantir Technologies Inc. stock research
FY2023 Q2
Palantir Technologies (PLTR) Gross Margin — Quarter Ended Jun 30, 2023
Revenue increased compared to both the immediate prior quarter and the same quarter last year, driving higher gross profit. Gross margin improved over both periods, reflecting a greater proportion of revenue flowing to gross profit.
Gross margin takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased compared to both the immediate prior quarter and the same quarter last year, driving higher gross profit. Gross margin improved over both periods, reflecting a greater proportion of revenue flowing to gross profit.
- The gross margin improvement was the most notable metric, as it reached a higher level compared to the prior quarter and the same quarter last year.
- Compared to the prior quarter, revenue and gross profit were higher while cost of revenue was slightly lower, resulting in improved gross margin. Year-over-year, revenue and gross profit grew, and gross margin also improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
80.0%
Gross profit
$426.4M
Revenue
$533.3M
Cost of revenue
$106.9M
Quarter-over-quarter change
+0.5 pts
Year-over-year change
n/a
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $525.2M | $417.5M | $107.6M | 79.5% |
| Jun 30, 2023 | $533.3M | $426.4M | $106.9M | 80.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2023
+0.5 pts
Year-over-year change
Year-ago quarter unavailable
n/a
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improvement was the most notable metric, as it reached a higher level compared to the prior quarter and the same quarter last year.
Compared to the prior quarter, revenue and gross profit were higher while cost of revenue was slightly lower, resulting in improved gross margin. Year-over-year, revenue and gross profit grew, and gross margin also improved.
Monitor the trend in cost of revenue relative to revenue changes.