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[BUSINESS] · United States · 36 sources

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Palantir reports record revenue and US commercial growth

Palantir Technologies reported third-quarter 2026 revenue of $2.313 billion, a 96% increase year-over-year, surpassing analyst expectations. The company achieved a significant milestone as its U.S. commercial revenue, which reached $984 million, exceeded its U.S. government revenue of $953 million for the first time.

Net income rose to $1.128 billion, up from $476 million in the previous year, with adjusted earnings per share of $0.44. The company closed 212 deals worth at least $1 million during the quarter, including 64 deals valued at $10 million or more.

Despite the strong performance, Palantir shares experienced volatility and declines in after-hours trading. Analysts noted concerns regarding a deceleration in total contract value (TCV) growth, which rose 6% year-over-year to $2.918 billion, compared to a 151% increase in the same quarter last year. CFO David Glazer attributed the discrepancy to shorter contract durations as clients rapidly adopt sovereign AI tools.

Palantir raised its full-year 2026 revenue guidance to a range between $8.53 billion and $8.534 billion.

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Alex Karp · Anthropic · David Glazer · Nvidia · Palantir Technologies · Palantir Technologies Inc. · United States · Wall Street

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