Palantir Reports 96% Revenue Growth and Raises Full-Year Guidance
Palantir Technologies (PLTR) reported a significant third-quarter revenue surge of 96%, reaching approximately $2.31 billion. A major milestone was achieved as U.S. commercial revenue ($984 million) surpassed U.S. government revenue ($953 million) for the first time in company history. This shift highlights the company's successful expansion into the private sector, which is driving rapid growth and widening profit margins. Despite the strong top-line performance and raised full-year guidance of 91% growth, a potential headwind emerged regarding new business acquisition. Total contract value grew only 6% year-over-year to $2.92 billion, suggesting that while existing contracts are driving current revenue, the pace of new signings is slowing. Investors will be monitoring whether the commercial backlog can accelerate to sustain these high growth rates.
Tickers: $PLTR
Topics: commercial vs government revenue earnings report guidance upgrade profit margins revenue growth