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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.
Entities
Alex Karp · Anthropic · David Glazer · Nvidia · Palantir Technologies · Palantir Technologies Inc. · United States · Wall Street
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 16 SOURCES] Adjusted earnings per share were $0.44. bitfinanzas.com · www.it-boltwise.de · siliconangle.com · fortune.com · www.dgabc.com.br · +10 more
- [● 20 SOURCES] Palantir reported third-quarter revenue of $2.313 billion. bitfinanzas.com · www.it-boltwise.de · siliconangle.com · fortune.com · www.rdworldonline.com · +14 more
- [● 15 SOURCES] U.S. commercial revenue surpassed U.S. government revenue for the first time. siliconangle.com · www.dgabc.com.br · www.cnnbrasil.com.br · bitfinanzas.com · www.flz.de · +8 more
- [● 7 SOURCES] Net income rose to $1.128 billion from $476 million in the previous year. siliconangle.com · www.rdworldonline.com · coinpedia.org · www.boersennews.de · www.dgabc.com.br · +1 more
- [● 10 SOURCES] The company raised its full-year revenue guidance to a range up to $8.534 billion. bitfinanzas.com · fortune.com · www.dgabc.com.br · worldstockmarket.net · coinpedia.org · +5 more
- [● 4 SOURCES] CEO Alex Karp stated that the company’s growth rate was “absolutely striking.” fortune.com · www.dgabc.com.br · www.cnnbrasil.com.br · www.seznamzpravy.cz
- [● 14 SOURCES] U.S. commercial revenue reached $984 million. bitfinanzas.com · siliconangle.com · www.dgabc.com.br · www.cnnbrasil.com.br · www.flz.de · +8 more
- [● 21 SOURCES] Quarterly revenue increased by 96% year-over-year. bitfinanzas.com · siliconangle.com · fortune.com · www.dgabc.com.br · www.cnnbrasil.com.br · +14 more