“We are raising our adjusted free cash flow guidance to an excess of $1 billion and we continue to expect GAAP operating income and net income in each quarter of this year.”

In context

“we repurchased approximately 1.8 million shares, as part of our share repurchase program. As of the end of the quarter, we have 954 million remaining of the original authorization. We ended the quarter with $4.6 billion in cash, cash equivalents and short-term U.S. treasury securities. Now turning to our outlook, for Q4 2024, we expect revenue of between $767 million and $771 million and adjusted income from operations of between $298 million and $302 million. For full year 2024, we are raising our revenue guidance to between $2.805 billion and $2.809 billion. We are raising our U.S. Commercial revenue guidance to an excess of $687 million, representing a growth rate of at least 50%. We are raising our adjusted income from operations guidance to between $1.054 billion and $1.058 billion. We are raising our adjusted free cash flow guidance to an excess of $1 billion and we continue to expect GAAP operating income and net income in each quarter of this year. With that, I'll turn it over to Alex for a few remarks and then Ana will kick off the Q&A. Alex Karp: Given how strong our results are, I almost feel like we should just go home. But we -- we made -- we've been saying since we went public in a DPO that we would build infrastructure to make America and its allies the dominant force in the world. We claimed to too much skepticism that this would be done in a software product, that defense and commercial industry would be driven by software, hardware, hybrid technologies that there were very few companies in the world that could actually do that, that these companies are basically only built in America that the companies that have tried to do this that aren't Palantir are built by ex-Palantirians. That the financials of Palantir would flow f”