Palantir CEO Alex Karp Wants ‘The Whole Thing’ After First $2 Billion Quarter

Palantir's U.S. commercial revenue surpassed government revenue for the first time in Q3, while Booz Allen, CACI, and BigBear.ai reported larger backlogs and raised full-year targets. Parsons narrowed its guidance. Federal funding deadline is Dec. 11, with budget uncertainty lingering. Palantir reported $2.313B Q3 revenue, raising FY2026 guidance to $8.530B-$8.534B. Booz Allen's Q2 revenue was $2.8B, with raised EPS guidance. CACI's Q1 revenue was $2.5B, with raised FY2027 revenue guidance.

Palantir Technologies (PLTR) reported a 96% revenue increase to $2.3B in Q3, with U.S. commercial revenue surpassing government revenue for the first time. The company raised full-year forecasts and has over 600 U.S. commercial customers, a significant shift from its government-focused past. However, its high valuation and slowing new contract growth may concern some investors.

Palantir's U.S. commercial revenue surpassed government sales for the first time, growing 148% to $984M in Q3. Executive Louis Mosely called this a major milestone. Jefferies maintained its 'Underperform' rating and $80 price target on PLTR. The stock traded 1% lower overnight.

Palantir (PLTR) reported Q3 revenue of $2.31B, up 96% YoY, and raised its full-year outlook to $8.53B. Despite beating estimates, shares fell 1.7% as new contract growth slowed to 6% from 49% in Q2. Analysts note valuation may be stretched, with next guidance expected in February.

Palantir Technologies (PLTR) reported Q3 2026 earnings with $2.31B in sales and $0.44 adjusted EPS, exceeding estimates. CEO Alex Karp declared the traditional software sales model obsolete, citing faster adoption cycles. U.S. commercial revenue surged 148% YoY to $984M, surpassing government revenue. The company raised full-year guidance to over $3.559B, reflecting 143% growth. Despite strong results, shares fell 3% during trading and 3.82% after hours.

U.S. tech stocks rebounded on Nov 3, with the Nasdaq up 0.9% and S&P 500 up 0.4%, driven by semiconductor gains. Nvidia and Broadcom rose 2.3% and 3.1%, respectively, while Apple fell 1.9%. AMD reported $13.4B in revenue, beating expectations. Palantir dropped 1.6% despite 96% revenue growth. Oil prices rose due to Middle East tensions. Gold and silver saw minor gains. Investors watched U.S. midterm elections.