Tech1d ago

Palantir beats third-quarter expectations as commercial sales overtake government revenue

Palantir posted third-quarter revenue of $2.31 billion and adjusted earnings of $0.44 per share, crossing $2 billion in quarterly sales as U.S. commercial revenue surpassed its government business for the first time.

Bar chart displaying Palantir's quarterly revenue growth over time, reaching $2.3 billion in the most recent quarter. — Image: @StockMKTNewz

Palantir Technologies reported third-quarter 2026 revenue of $2.31 billion, up 96% year over year, topping analyst expectations of $2.17 billion to $2.18 billion. Adjusted earnings per share reached $0.44, beating consensus estimates that ranged from $0.39 to $0.41. The company netted $1.13 billion in profit, delivering a 49% margin as total quarterly sales crossed the $2 billion threshold for the first time.^[1]^[4]^[5]^[7]^[8]^[10]^[11]^[13]

The quarter marked an inflection point for the enterprise software maker, with U.S. commercial revenue surging 148% year over year to $984 million, outpacing U.S. government revenue of $953 million for the first time in company history. In a shareholder letter, chief executive Alex Karp stated that the company had essentially doubled its business since last year and declared it Palantir's firm intent to take the entire market. In prepared remarks, Palantir's chief financial officer noted the signing of multiple eight-figure contracts with shorter durations than usual as enterprises accelerated initial sovereign AI deployments.^[2]^[3]^[5]^[7]^[8]^[9]^[10]^[13]^[18]

Alongside the earnings release, Palantir's business update showcased technical momentum, highlighting a fine-tuned four-billion-parameter Nvidia Nemotron 3 Nano model that outperformed larger frontier AI models on an RFI classification task for construction firm McCarthy. The update also disclosed that Nvidia is training open AI models on its supply chain data inside Palantir's Ontology. Palantir lifted its full-year 2026 revenue guidance to between $8.530 billion and $8.534 billion and projected fourth-quarter revenue between $2.649 billion and $2.653 billion. Although shares rose as much as 5% in initial after-hours trading, the stock traded lower the following day amid lukewarm retail investor sentiment.^[6]^[10]^[13]^[15]^[16]^[17]

Key facts

Palantir reported third-quarter 2026 revenue of $2.31 billion, a 96% year-over-year increase, beating consensus estimates of $2.17 billion to $2.18 billion.
Adjusted earnings per share reached $0.44 against estimates of $0.39 to $0.41, while profit totaled $1.13 billion at a 49% margin.
U.S. commercial revenue grew 148% year over year to $984 million, surpassing U.S. government revenue of $953 million for the first time.
Palantir raised its full-year 2026 revenue guidance to $8.530 billion-$8.534 billion and adjusted operating income guidance to $5.245 billion-$5.249 billion.
Fourth-quarter revenue guidance was set between $2.649 billion and $2.653 billion, higher than the $2.46 billion estimate.
Palantir reported that a fine-tuned Nvidia Nemotron 3 Nano 4B model achieved about 75% accuracy at $0.10 per million tokens on a customer task, surpassing Claude Sonnet 5.5 and GPT-6 Astra.
After gaining up to 5% in after-hours trading on Monday, Palantir shares traded lower on Tuesday following the earnings release.

Sources · 14 sources

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unusual_whales@unusual_whalesPost on X · 1d ago
Palantir, $PLTR, earnings: - EPS: $0.44, est: $0.41 - Revenue: $2.31 billion, est: $2.18 billion
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Wall St Engine@wallstenginePost on X · 1d ago
Palantir $PLTR CFO on shorter contract durations: We signed multiple 8-figure deals in the qtr that were "shorter in duration than usual" as customers rapidly adopted initial sovereign AI capabilities in their enterprise. As we continue to deliver value with sovereign AI over time, we expect both the duration and size of these contracts to increase. Note: Total TCV bookings grew just 6% YoY to $2.92B, while U.S. commercial TCV rose 11% against 148% revenue growth. RPO was essentially flat QoQ.
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SiliconANGLE@SiliconANGLEPost on X · 1d ago
Palantir beats Q3 forecasts as US commercial revenue overtakes government for first time https://t.co/pLF0Wc4c84
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Evan@StockMKTNewzPost on X · 1d ago
PALANTIR $PLTR JUST REPORTED EARNINGS EPS of $0.44 beating expectations of $0.39🟢 Revenue of $2.31 beating expectations of $2.18B🟢 https://t.co/nVhNWSm3IO
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TechmemeArticle · 1d ago
Palantir reports Q3 revenue up 96% YoY to $2.31B, above $2.18B est., US commercial revenue up 148% YoY to $984M, and raises FY 2026 revenue guidance to ~$8.53B (Samantha Subin/CNBC) Samantha Subin / CNBC : Palantir reports Q3 revenue up 96% YoY to $2.31B, above $2.18B est., US commercial revenue up 148% YoY to $984M, and raises FY 2026 revenue guidance to ~$8.53B — Palantir beat Wall Street's third-quarter estimates after the bell on Monday, with U.S. commercial revenue topping government …
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TechCrunch@TechCrunchPost on X · 2h ago
Palantir delivered such a huge third-quarter earnings report on Monday that its press release even bragged that the numbers were “crushing consensus expectations.” Yet, retail investors were lukewarm on the company on Tuesday, with the stock trading https://t.co/6wo3wUwKlT
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Bull Theory@BullTheoryioPost on X · 1d ago
BREAKING: Palantir beat all revenue expectations in Q3 earnings. $PLTR crossed $2 Billion in revenue for the first time ever, just double from a year ago. U.S. commercial revenue grew 148% yearly surpassing their U.S. government revenue for the first time in the company's history. But total contract value fell 13.4% from Q2, so Palantir needs to land more deals to keep this momentum going.
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Wall St Engine@wallstenginePost on X · 1d ago
PALANTIR $PLTR CEO ALEX KARP: "IT IS OUR FIRM AND UNWAVERING INTENT TO TAKE THE ENTIRE MARKET, THE WHOLE THING." In his Q3 shareholder letter, Karp said Palantir has "essentially doubled our entire business since the same quarter last year," with revenue up 96% to $2.3 billion. He said its 29% quarter-over-quarter U.S. commercial growth "would be an astonishing annual growth rate of any public software company in America." Karp called the $1.13 billion quarterly profit a record, "an amount that dwarfs what we delivered in revenue not long ago," and said Palantir is "the number one founder factory in the world, ahead of Stanford, MIT, McKinsey, Google, Harvard, Bain, and BCG," citing a recent tally.
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Decrypt@DecryptMediaPost on X · 1d ago
Palantir Says US Commercial Revenue Topped Government Sales for the First Time. Palantir's third-quarter revenue rose 96% to $2.31 billion, beating the $2.18 billion LSEG estimate, as US commercial revenue jumped 148% to $984 million, passing $953 million from the US government. https://t.co/kgGS6stKB5
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Coin Bureau@coinbureauPost on X · 1d ago
BREAKING: Palantir makes more from US companies than the US government for the FIRST time, as sales nearly DOUBLE to $2.31 BILLION. $PLTR surged as much as 5% after hours, after falling 3% during the day. Its US commercial revenue jumped 148% to $984 MILLION, topping $953 MILLION from the government. Total revenue beat the $2.17 BILLION Wall Street expected. Palantir kept $1.13 BILLION as profit, a 49% margin.
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Evan@StockMKTNewzPost on X · 1d ago
Palantir $PLTR just reported more than $2 Billion of revenue for the first time https://t.co/1FQr1ffcNc
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GURGAVIN@gurgavinPost on X · 1d ago
PALANTIR JUST REPORTED EARNINGS *PALANTIR 3Q REV. $2.31B, EST. $2.17B ( BEAT ✅ ) *PALANTIR 3Q ADJ EPS 44C, EST. 41C ( BEAT ✅ ) *PALANTIR SEES FY ADJ. OPER PROFIT $5.25B, EST. $4.79B ( BEAT ✅ ) $PLTR https://t.co/iFMkvGIdnD
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Wall St Engine@wallstenginePost on X · 1d ago
PALANTIR $PLTR Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $2.31B (Est. $2.18B) 🟢; +96% YoY 🔹 Adj. EPS: $0.44 (Est. $0.41) 🟢 🔹 US Commercial: $984M (Est. $943M) 🟢; +148% YoY 🔹 Adj. Op Income: $1.43B (Est. $1.26B) 🟢 Raises FY26 Guide: 🔹 Revenue: $8.530B-$8.534B (Est. $8.2B) 🟢 🔹 Adj. Op Income: $5.245B-$5.249B (Est. $4.76B) 🟢 🔹 Adj. FCF: $4.80B-$5.00B (Est. $4.52B) 🟢 🔹 US Commercial Revenue: >$3.6B Q4 Guide: 🔹 Revenue: $2.649B-$2.653B (Est. $2.46B) 🟢 🔹 Adj. Op Income: $1.640B-$1.644B (Est. $1.41B) 🟢 Revenue Breakdown: 🔹 US Revenue: $1.94B; +119% YoY 🔹 US Government: $953M (Est. $862M) 🟢; +96% YoY Other Q3 Metrics: 🔹 Adj. Oper Margin: 62% 🔹 Rule of 40: 158% 🔹 TCV: $2.92B; +6% YoY 🔹 US Commercial TCV: $1.46B; +11% YoY 🔹 US Commercial RDV: $6.52B; +79% YoY Key Updates: 🔸 Closed 212 deals of at least $1 million, 107 deals of at least $5 million, and 64 deals of at least $10 million Comments: 🔸 “The Sovereign AI movement is imposing the most dramatic dichotomy between haves and have nots that I have witnessed in 30 years of business. Every institution—government and commercial—is rapidly being forced, voluntarily or not, into one of these two categories,”
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Shay Boloor@StockSavvyShayPost on X · 1d ago
$PLTR CRUSHED THEIR Q3 EARNINGS • Revenue $2.31B vs Est. $2.18B • EPS $0.44 vs Est. $0.41 • Operating Income $1.4B vs Est. $1.2B • US Commercial: $984M vs Est. $937M (+148% YoY) • US Commercial RDV: $6.5B (+79% YoY) FY26 Guidance • Revenue $8.5B vs Est. $8.2B • Operating Income $5.3B vs Est. $4.9B • US Commercial: >$3.6B CEO Alex Karp: "We have now essentially doubled our entire business since same quarter last year."
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Crypto BriefingArticle · 1d ago
Palantir says a fine-tuned 4B Nvidia model beat bigger AI rivals at lower cost Smaller, fine-tuned AI models could revolutionize industries by offering cost-effective, task-specific solutions, challenging the bigger-is-better paradigm. The post Palantir says a fine-tuned 4B Nvidia model beat bigger AI rivals at lower cost appeared first on Crypto Briefing .
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Bloomberg@businessPost on X · 1d ago
Palantir gave a forecast for full-year revenue that beat Wall Street’s expectations, buoyed by surging demand for the company’s data analytics tools. https://t.co/XBZGjyoIKB
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Wall St Engine@wallstenginePost on X · 1d ago
PALANTIR SHOWS FINE-TUNED NVIDIA 4B AI MODEL BEATING GPT-6 ASTRA & CLAUDE SONNET 5.5 AT A FRACTION OF THE COST In its Q3 business update, $PLTR revealed that a fine-tuned $NVDA Nemotron 3 Nano model with just 4 billion parameters outperformed much larger frontier models on a real-world customer task. The results, based on classifying requests for information for construction firm McCarthy: • NVIDIA Nemotron 4B: ~75% accuracy at $0.10 per million tokens. • Claude Sonnet 5.5: ~66% accuracy at $4 per million tokens. • GPT-6 Astra: ~62% accuracy at $20 per million tokens. Palantir says the fine-tuned models are expected to save McCarthy approximately 30,000 drafting hours annually. Separately, NVIDIA itself is now training open AI models on its own supply chain data inside Palantir's Ontology, spanning millions of parts and thousands of suppliers. Jensen Huang says the partnership combines NVIDIA's Nemotron models with Palantir's Ontology to: “Reason, plan and orchestrate the journey from wafer to token.”
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CNBC@CNBCPost on X · 1d ago
Palantir reports booming U.S. commercial revenue growth, topping government for first time https://t.co/FWnIWeszOr
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