Palantir Reports 96% Revenue Growth in Q3 Driven by Commercial Surge
Palantir (PLTR) delivered a strong third-quarter performance, reporting 96% revenue growth and beating market estimates for the 13th consecutive quarter. A significant driver of this momentum was the US commercial sector, which saw revenues surge by 148%, surpassing government revenue contributions for the first time in the company's history. The company demonstrated robust profitability with GAAP gross margins exceeding 83% and adjusted free cash flow reaching $1.21 billion, representing a 53% margin. Palantir maintains a highly liquid balance sheet with $10.4 billion in cash and investments and zero debt, allowing the firm to raise its full-year revenue guidance.
Tickers: $PLTR
Topics: commercial revenue surge free cash flow guidance raise revenue growth