Palantir Technologies Inc - Ordinary Shares - Class A

**Strong Revenue Growth**: Palantir reported a 30% year-over-year revenue growth for Q3 2024, with U.S. revenue growing 44% year-over-year. This is a significant acceleration compared to previous periods, indicating strong demand, particularly in the AI sector. The increase in revenue was attributed to the successful deployment of AI models across various sectors, both commercial and government.

**Improved Profitability**: The company achieved a 38% adjusted operating margin in Q3, marking the eighth consecutive quarter of margin expansion. Adjusted free cash flow reached $435 million, representing a 60% margin. This indicates robust unit economics and efficiency in operations, as the company balances growth with profitability.

**Increased Guidance**: Palantir raised its full-year revenue guidance to between $2.805 billion and $2.809 billion, signaling confidence in continued growth. U.S. Commercial revenue guidance was also increased to exceed $687 million, with a growth expectation of at least 50%. This suggests that the company anticipates robust performance in the final quarter of the fiscal year.