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Palantir reported third-quarter revenue of $2.313 billion after Monday's close, up 96% from a year earlier and ahead of the roughly $2.18 billion analysts expected.
US commercial revenue rose 148% to $984 million, above US government revenue of $953 million for the first time.
net income was $1.13 billion. The company raised its 2026 revenue forecast to $8.530 billion to $8.534 billion, about 91% growth, and guided the fourth quarter to $2.65 billion. That puts the full year well clear of the $8.15 billion that Prediction 2026-08-06-B2 is scored against.
One number moved the other way: closed in the quarter was $2.918 billion, up only 6%, so bookings are growing far slower than revenue. Alex Karp's letter leaned on "," saying it is "imposing the most dramatic dichotomy between haves and have nots."
Palantir's revenue rises 96%, and US commercial sales pass US government for the first time
Palantir reported third-quarter revenue of $2.313 billion after Monday's close, up 96% from a year earlier and ahead of the roughly $2.18 billion analysts expected. US commercial revenue rose 148% to $984 million, above US government revenue of $953 million for the first time. GAAP net income was $1.13 billion. The company raised its 2026 revenue forecast to $8.530 billion to $8.534 billion, about 91% growth, and guided the fourth quarter to $2.65 billion. That puts the full year well clear of the $8.15 billion that Prediction 2026-08-06-B2 is scored against.
One number moved the other way: total contract value closed in the quarter was $2.918 billion, up only 6%, so bookings are growing far slower than revenue. Alex Karp's letter leaned on "sovereign AI," saying it is "imposing the most dramatic dichotomy between haves and have nots." SourcesAB
Sources
- APalantir Q3 2026 press release, Form 8-K exhibit 99.1 (SEC EDGAR)sec.gov
- BPalantir Q3 2026 revenue rises 96% as U.S. commercial tops $984M (StreetInsider)streetinsider.com
This story ran in the Afternoon Brief of November 2nd 2026.