Palantir Revenue Jumps 96% as U.S. Commercial Sales Lead

Palantir Technologies reported third-quarter revenue of $2.313 billion, up 96% from a year earlier, and said U.S. commercial revenue surpassed U.S. government revenue for the first time in its history. The company also raised its 2026 revenue outlook after quarterly sales and adjusted earnings exceeded analyst expectations cited in its results coverage. For the quarter ended September 30, Palantir reported adjusted earnings of 44 cents per share, compared with 21 cents a year earlier. Analysts had expected 41 cents per share and revenue of $2.18 billion. The company’s revenue topped $2 billion for the first time. U.S. commercial revenue reached $984 million, increasing 148% year over year and 29% from the second quarter. U.S. government revenue rose 96% year over year to $953 million, leaving commercial sales $31 million higher. Combined U.S. revenue was $1.937 billion, about 84% of the company’s total. Palantir raised its 2026 revenue guidance to between $8.530 billion and $8.534 billion, from its prior range of $8.150 billion to $8.158 billion. It expects U.S. commercial revenue to exceed $3.559 billion, representing growth of at least 143%. The company also raised its...