Palantir Q3 revenue jumps 96%, beats analyst expectations
PLTR•Palantir’s third-quarter revenue rose 96% year over year to $2.31 billion, beating analysts’ $2.18 billion estimate, while adjusted EPS of $0.44 topped the $0.41 estimate. The company raised its 2026 revenue guidance to $8.530 billion-$8.534 billion.
1. Quarterly results
Palantir reported third-quarter revenue of $2.31 billion, up 96% year over year and above the $2.18 billion analyst consensus. Adjusted EPS was $0.44, compared with the $0.41 estimate, and net income was $1.13 billion.
2. Raised outlook
The company raised its 2026 revenue guidance to $8.530 billion-$8.534 billion and its U.S. commercial revenue guidance to more than $3.559 billion, representing at least 143% growth. It sees fourth-quarter 2026 revenue of $2.649 billion-$2.653 billion. U.S. commercial revenue grew 148% year over year and 29% quarter over quarter, surpassing U.S. government revenue for the first time. Palantir attributed growth to demand for its AI-driven platforms, including Foundry and AIP, and said it closed 212 deals worth at least $1 million.
