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Rankings/PLTR/Q4 2023 Analysis

Palantir Technologies

PLTR
Q4 2023(PLTR Q3 FY2023)Derived20% AI
AI Revenue %
20%
AI Fair Value
$10.9B
AI Revenue (Q)
$111.6M
Total Revenue (Q)
$558.2M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.gov

Analysis

AIP ramping quarter. Revenue was $558.2M, up from $533.3M in Q2 — accelerating growth coinciding with AIP momentum. Palantir reported strong AIP boot camp activity (100+ boot camps conducted). However, no AIP-specific revenue is disclosed. The filing shows single segment operation. AIP was still early — many boot camps are evaluation/trial periods that convert to revenue later. Estimating 20% — embedded ML features (~5%) plus growing AIP adoption (~15%) as boot camp conversions begin to materialize. $111.6M AI / $558.2M total = 20.0%.
Analyzed by claude-opus-4-6

Quoted Figures

Revenue $558,159 (three months ended September 30, 2023)
10-Q for period ending 2023-09-30, Condensed Consolidated Statements of Operations
Note 12. Segment and Geographic Information for disaggregated revenue by customer segment and geographic region
10-Q Segment Note — no AI-specific segment disclosed

AI Products Identified (Ring 1)

AIP (Artificial Intelligence Platform)Gotham ML featuresFoundry ML capabilities

AI-Enabled Items (Ring 2 — Not Counted)

These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.

Foundry data integrationGotham intelligence analyticsApollo operations

Confidence Tier

DerivedCalculated from reported segments primarily serving AI