Palantir’s U.S. Commercial Sales Surge Past Government Revenue
WHO:
CNBC - Palantir Technologies reported the results; CEO Alex Karp discussed the company’s performance with CNBC’s Seema Mody.
CNBC - The company’s U.S. commercial and U.S. government segments generated $984 million and $953 million in revenue, respectively.
WHAT:
Business Wire - Palantir closed 212 deals worth at least $1 million each, 107 deals worth at least $5 million, and 64 deals worth at least $10 million.
Business Wire - Total contract value was $2.918 billion, up 6% year over year; U.S. commercial total contract value was $1.463 billion, up 11%.
Business Wire - U.S. commercial remaining deal value reached $6.517 billion, up 79% year over year and 4% quarter over quarter.
Business Wire - GAAP operating income was $1.085 billion, a 47% margin; adjusted operating income was $1.427 billion, a 62% margin.
Business Wire - Palantir reported a Rule of 40 score of 158%, operating cash flow of $1.205 billion, adjusted free cash flow of $1.216 billion, and cash, cash equivalents, and U.S. Treasury securities totaling $10.4 billion.
Business Wire - Palantir forecast fourth-quarter 2026 revenue of $2.649 billion to $2.653 billion and adjusted operating income of $1.640 billion to $1.644 billion.
Business Wire - CEO Alex Karp said, “The Sovereign AI movement is imposing the most dramatic dichotomy between haves and have nots that I have witnessed in 30 years of business.”
Yahoo Finance - Palantir set its full-year revenue outlook at $8.530 billion to $8.534 billion, above analyst estimates of $8.2 billion, and raised its U.S. commercial sales target to more than $3.559 billion.
Yahoo Finance - Adjusted earnings per share of $0.44 beat consensus estimates of $0.40.
Yahoo Finance - Palantir shares were volatile after hours; they closed at $178.34, down 3.13%, and were at $172.74 after hours, down 3.14%.
Yahoo Finance - Palantir stock was up roughly 2% year to date despite a recent technology sell-off.
Yahoo Finance - Palantir’s Maven Smart System became an official Pentagon program, establishing a multiyear role across U.S. military AI projects.
Yahoo Finance - Wall Street ratings included 30 Buys, nine Holds, and two Sells, with a consensus price target of $216 per share.
CNBC - Palantir reported third-quarter revenue of $2.31 billion, compared with LSEG estimates of $2.18 billion, and adjusted earnings of 44 cents per share, versus 41 cents expected.
Techmeme/CNBC - Revenue increased 96% year over year, exceeded $2 billion for the first time, and surpassed Wall Street’s estimate.
CNBC - Net income more than doubled to $1.13 billion, or 44 cents per share, from about $476 million, or 18 cents per share.
CNBC - U.S. commercial revenue rose 148% to $984 million, exceeding U.S. government revenue of $953 million, which increased 96%. U.S. commercial revenue had more than quintupled over the prior two years.
Techmeme/CNBC - Palantir raised its fiscal 2026 revenue guidance to approximately $8.53 billion.
CNBC - Karp said, “I don't believe anyone's had consistent results like this in the history of software AI, ever,” and said the business was succeeding without salespeople.
WHERE:
CNBC - The reported revenue figures distinguish Palantir’s U.S. commercial and U.S. government businesses.
WHY:
Yahoo Finance - Palantir argued that enterprise AI is dividing between companies paying millions of dollars for model tokens but receiving “AI slop” and companies using its underlying infrastructure layer.
CNBC - The article attributed the growth in commercial revenue to businesses adopting more of Palantir’s artificial intelligence tools.
HOW:
CNBC - Palantir’s U.S. commercial segment overtook its U.S. government segment as commercial revenue increased 148%.
(UPDATED November 3, 2026 04:01 UTC)
Palantir revenue surged 96% to $2.31 billion, beating expectations. U.S. commercial sales jumped as companies adopted its AI tools. Palantir raised its full-year revenue forecast to about $8.53 billion.
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(UPDATED November 3, 2026 01:09 UTC)
Palantir’s quarterly revenue surged 96% to $2.31 billion, beating Wall Street expectations. Adjusted earnings reached 44 cents per share, while U.S. commercial sales outpaced government revenue. The company raised its full-year revenue outlook to about $8.53 billion.
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(UPDATED November 2, 2026 22:08 UTC)
Palantir’s third-quarter revenue surged 96% to $2.31 billion, beating expectations. U.S. commercial revenue jumped 148%, overtaking government revenue. The company raised its annual revenue forecast to approximately $8.53 billion.