Key Findings
The model argues Wall Street is 'fundamentally mismodeling the nonlinear nature of Palantir's current growth phase.' While traditional analysts treat PLTR as a linear SaaS story (13-15% growth), Gemini projects the 'Bootcamp-to-Production' conversion velocity accelerates to 22% sequential growth in Q4.
Thesis
Gemini emphasizes operating leverage targeting 40% operating margin, plus interest income of $65M+ from Palantir's cash pile. The model sees US Commercial experiencing J-Curve acceleration with +40% YoY growth expected, combined with historically strong Q4 government budget flush.
What This Means
GPT-5.2 Quant projects similar $0.24 EPS (+4.3% vs consensus), suggesting AI analyst convergence on modest upside. Both models see the Street underestimating commercial momentum, though neither is projecting a dramatic beat.