Palantir reports higher revenue as U.S. commercial sales surpass government
Technology · First reported 2 Nov, 21:16 · Updated 21:34
Palantir said third-quarter revenue nearly doubled year over year and exceeded analyst estimates. U.S. commercial revenue grew faster than government revenue, and the company raised its full-year revenue outlook.
- Palantir reported $2.31 billion in revenue, above the $2.18 billion expected, and adjusted earnings per share of 44 cents, compared with 41 cents expected.
- U.S. commercial revenue rose 148% to $984 million, exceeding U.S. government revenue of $953 million, which grew 96%.
- The company raised its full-year 2026 revenue forecast to about $8.53 billion and expects U.S. commercial revenue to exceed $3.56 billion.
Summary written by Lux AI from 2 articles
Key facts
- Third-quarter revenue
- $2.31 billion
- U.S. commercial revenue
- $984 million, up 148%
- U.S. government revenue
- $953 million, up 96%
- Full-year 2026 revenue forecast
- About $8.53 billion
- Fourth-quarter revenue projection
- About $2.65 billion
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