Palantir Q3 Revenue Jumps 96% as US Commercial Sales Overtake Government Sales

Nov 3, 2026
Palantir reported third quarter revenue of $2.31 billion, up 96% from a year earlier. US commercial revenue exceeded US government revenue for the first time.

Palantir Technologies reported in its third quarter earnings release that revenue rose 96% year over year to $2.31 billion, exceeding $2 billion for the first time. Revenue increased 20% from the previous quarter.

US commercial revenue grew 148% year over year to $984 million, surpassing US government revenue for the first time. US government revenue rose 96% to $953 million, while total US revenue increased 119% to $1.94 billion.

Palantir reported GAAP operating income of $1.085 billion and net income of $1.13 billion. The company raised its full year revenue forecast to between $8.53 billion and $8.534 billion, with US commercial revenue expected to exceed $3.559 billion.

US commercial total contract value reached $1.463 billion, down from a record $2.13 billion in the previous quarter, a sign that enterprise sales may be slowing, TechCrunch notes.

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