Palantir posts strong Q3 results but shares slip amid slowing contract growth
Palantir Technologies reported third‑quarter revenue of $2.313 billion, up 96% year‑over‑year, and adjusted earnings of $0.44 per share, beating estimates. The company raised its 2026 revenue outlook to $8.530 billion‑$8.534 billion but disclosed that total contract value grew only 6% YoY to $2.918 billion, with U.S. commercial bookings up 11% after a prior 153% surge. Despite the beat, the stock fell about 3% in after‑hours trading as investors worried about the slowdown and the company’s high non‑GAAP P/E of 153.43.
Why it matters
The modest contract‑growth pace and a high valuation give investors less margin for disappointment, so the share‑price decline signals heightened scrutiny of future growth. The guidance still tops Wall Street forecasts, but the implied 14.6% sequential Q4 growth is slower than the 20% Q3 pace, which may temper expectations.
Key facts
- 1Q3 revenue was $2.313 billion, a 96% year‑over‑year increase. tipranks.com
- 2Adjusted earnings were $0.44 per share, above the $0.41 consensus. tipranks.com
- 3Total contract value (TCV) for Q3 was $2.918 billion, up 6% YoY. tipranks.com
- 4U.S. commercial TCV rose 11% YoY. tipranks.com
- 5Palantir raised its 2026 revenue guidance to $8.530 billion‑$8.534 billion. tipranks.com
- 6Q4 revenue guidance is $2.649 billion‑$2.653 billion, implying about 14.6% sequential growth. tipranks.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.