Palantir Technologies scheduled to report third-quarter earnings on November 2

Palantir Technologies is set to release its third-quarter financial results on Monday, November 2, after the market closes. Analysts are anticipating significant growth, with consensus estimates projecting revenue of approximately $2.18 billion and earnings per share of $0.41. This would imply annual revenue growth of roughly 85%.

The company has seen rapid expansion driven by demand for its Artificial Intelligence Platform (AIP) across both commercial and government sectors. In the previous quarter, Palantir reported revenue of $1.94 billion, a 92.8% increase year-over-year.

Despite the growth, some investors remain cautious. Investor Michael Burry maintains a bearish position on the stock, holding put options that could extend into 2027. Critics have pointed to the company's high valuation, which trades at approximately 87 times forward earnings, as a potential risk if the upcoming report or future guidance fails to meet high market expectations.