In the days leading up to the Q3 print and since reporting blockbuster Q3 FY24 results on November 4, Palantir Technologies ($PLTR) stock has been

Palantir Technologies helps the government and other clients with big data analytics, which involves analyzing massive volumes of information to discover patterns and actionable insights. It monetizes these services through a software-as-a-service (SaaS) business model, where the client gets continuous access to its platforms for a recurring fee.

Palantir stock has gained 248% year-to-date, driven by expanding profit margins and strong revenue growth. In Q3 of 2024, its sales rose by 30%, while an asset-light balance sheet allowed it to grow operating margins by 36% year over year.

Palantir ( PLTR 1.42%) has investors interested in the company following phenomenal results in 2024. *Stock prices used were the afternoon prices of Nov. 11, 2024. The video was published on Nov. 13,

Palantir's earnings continue to highlight the company's profitability. Read why PLTR stock valuation may seem excessive for some investors.

Shares of AI darling Palantir (NASDAQ:PLTR) went parabolic following the release of some exceptional quarterly earnings results. Now up more than 260% year to date, questions linger as to whether the AI-first big data analytics has what it takes to keep delivering profoundly strong quarters to support its remarkable rally.

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