Palantir posts 96% YoY Q3 revenue surge but shares tumble on valuation and slower bookings
Palantir Technologies reported third‑quarter FY2026 revenue of $2.313 billion, up 96% year‑over‑year, and adjusted earnings of $0.44 per share. Management raised full‑year revenue guidance to $8.53 billion and Q4 revenue guidance to $2.649‑$2.653 billion. Despite the beat, the stock fell sharply as analysts highlighted a slowdown in total‑contract‑value growth and concerns over the company’s high valuation multiples.
Why it matters
The strong top‑line growth raises expectations for continued acceleration, but the share‑price decline reflects investor worry that slower bookings and lofty valuation ratios could limit upside. The raised guidance means investors will watch Q4 results for the required 14.6% sequential revenue increase to sustain the higher outlook.
Key facts
- 1Q3 FY2026 revenue was $2.313 billion, up 96% YoY. finance.yahoo.com
- 2Adjusted EPS for the quarter was $0.44 per share. investing.com
- 3Full‑year revenue guidance was increased to $8.53 billion. 247wallst.com
- 4Q4 revenue guidance was set at $2.649‑$2.653 billion, implying a 14.6% sequential increase. finance.yahoo.com
- 5Shares fell 5.84% in pre‑market trading after the results. finance.yahoo.com
- 6Total‑contract‑value growth slowed to 6% YoY. investing.com
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.