Palantir posts 96% Q3 revenue jump, U.S. commercial beats government and raises full‑year outlook
+20 new sources since this summary was written
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 of $953 million for the first time. GAAP operating income reached $1.09 billion and adjusted free cash flow was $1.22 billion. The company lifted its full‑year 2026 revenue guidance to $8.53‑$8.534 billion and forecast Q4 revenue of $2.649‑$2.653 billion.
Why it matters
The revenue beat and higher guidance suggest stronger demand for Palantir’s AI software, which could support the stock despite valuation concerns (the company noted elevated borrowing costs). The shift to commercial sales may broaden the customer base and reduce reliance on government contracts.
Key facts
- 1Q3 2026 revenue was $2.31 billion, a 96% YoY increase. fxleaders.com
- 2U.S. commercial revenue was $984 million, up 148% YoY. fxleaders.com
- 3U.S. government revenue was $953 million, up 96% YoY. fxleaders.com
- 4GAAP operating income was $1.09 billion, a 47% margin. fxleaders.com
- 5Adjusted free cash flow was $1.22 billion. fxleaders.com
- 6Cash, cash equivalents and U.S. Treasury securities totaled $10.4 billion. fxleaders.com
Summary written by AlphAI AI Desk from 20 of 43 sources. Not investment advice. Figures are as stated by the linked sources.