Palantir posts 96% Q3 revenue jump, U.S. commercial beats government and lifts full‑year outlook
Palantir Technologies reported third‑quarter 2026 revenue of $2.31 billion, up 96% year‑over‑year, with U.S. commercial revenue of $984 million surpassing U.S. government revenue for the first time. GAAP operating income was $1.09 billion and adjusted free cash flow $1.22 billion. The company raised its full‑year revenue guidance to $8.53‑$8.534 billion and its Q4 revenue outlook to $2.649‑$2.653 billion.
Why it matters
The company expects full‑year revenue to exceed $8.53 billion, implying continued high‑growth momentum for investors. Management highlighted stronger margins and cash generation, which could support a higher valuation despite elevated borrowing costs.
Key facts
- 1Q3 2026 revenue was $2.31 billion, a 96% YoY increase. fxleaders.com
- 2U.S. commercial revenue reached $984 million, up 148% YoY and overtook U.S. government revenue of $953 million. fxleaders.com
- 3GAAP operating income was $1.09 billion, representing a 47% margin. fxleaders.com
- 4Adjusted free cash flow was $1.22 billion. fxleaders.com
- 5Full‑year 2026 revenue guidance was raised to $8.53‑$8.534 billion. fxleaders.com
- 6Q4 2026 revenue is expected between $2.649 billion and $2.653 billion. investing.com
Summary written by AlphAI AI Desk from 18 of 18 sources. Not investment advice. Figures are as stated by the linked sources.