Palantir Technologies Reports Record Q3 Revenue and Accelerated Growth
Palantir Technologies (PLTR) reported strong third-quarter results for the period ending September 30, surpassing analyst expectations with $2.31 billion in revenue. This marks a significant milestone as the company's first quarter exceeding the $2 billion mark. Notably, Palantir's growth rate accelerated to 96%, driven largely by increasing demand for AI-powered intelligence. A key structural shift occurred during the quarter as U.S. commercial revenue ($984 million) surpassed U.S. government revenue ($953 million) for the first time. Despite these robust fundamentals and an adjusted EPS of $0.44 beating estimates, the stock has faced downward pressure due to broader tech sector softness and concerns regarding its high valuation, which currently trades at over 100 times earnings.
Tickers: $PLTR
Topics: AI data analytics earnings report revenue growth
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Part of the story Loomis Reports Record Revenue and Operating Margins for Q3 2026 (40 articles)