Palantir posts strong Q3 results, lifts full‑year revenue outlook
Palantir Technologies reported third‑quarter 2026 revenue of $2.31 billion and adjusted earnings of $0.44 per share, both beating analyst estimates. The company raised its full‑year 2026 revenue guidance to $8.53 billion and highlighted that U.S. commercial revenue jumped 148% year‑over‑year to $984 million, surpassing U.S. government revenue for the first time. JPMorgan initiated coverage with an Overweight rating and a $262 price target. The earnings beat and upgraded outlook drove the stock up about 4‑5% in trading.
Why it matters
The earnings beat and higher revenue outlook may support further price appreciation, as noted by JPMorgan’s Overweight rating and $262 target. The shift toward commercial revenue suggests a broader market opportunity beyond government contracts.
Key facts
- 1Q3 2026 revenue was $2.31 billion, beating the $2.18 billion consensus. investing.com
- 2Adjusted EPS for Q3 2026 was $0.44, above the $0.41 estimate. investing.com
- 3Full‑year 2026 revenue outlook was raised to $8.53 billion. investing.com
- 4U.S. commercial revenue grew 148% YoY to $984 million, overtaking U.S. government revenue of $953 million. investing.com
- 5Shares rose about 4.2% to $167.16 in morning trading. investing.com
- 6JPMorgan initiated coverage with an Overweight rating and a $262 price target. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.