Palantir Technologies reported its Q1 2024 earnings with a revenue of $634 million, surpassing the expected $617.6 million and showing a 21% year-over-year increase. The company achieved a GAAP EPS of $0.04 and an adjusted EPS of $0.08, in line with Wall Street expectations, and adjusted EBITDA of $234 million, beating the forecast of $205 million. Despite these positive results, Palantir's stock dropped due to lower-than-expected future guidance. The company has raised its full-year revenue forecast to between $2.68 billion and $2.69 billion, up from the previous range of $2.65 billion to $2.67 billion, and provided a Q2 revenue guidance of $649 million to $653 million.