Palantir stock posts 96% Q3 revenue growth, lifts 2026 outlook
Published on 11/09/2026 at 15:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCommercial growth resets Palantir's profile
- U.S. commercial revenue surpassed U.S. government revenue for the first time.
- Third-quarter revenue reached 2.3 billion US dollars, while adjusted earnings beat analyst expectations.
- Management raised its full-year revenue outlook and expects fourth-quarter revenue above 2.6 billion US dollars.
Palantir Technologies reported a sharp acceleration in commercial demand with its third-quarter results on Monday, November 2. The company generated 2.31 billion US dollars in revenue, beating the 2.18 billion US dollars expected by analysts, according to CNBC.
Commercial business takes the lead
The central shift was inside Palantir's U.S. business. U.S. commercial revenue rose to 984 million US dollars, up 148% from the same quarter a year earlier, and exceeded U.S. government revenue of 953 million US dollars for the first time. Commercial revenue across all regions reached 1.168 billion US dollars, crossing the billion-dollar threshold for the first time.
The figures mark a change in the company's growth profile. Palantir has historically been associated with government contracts, but demand from businesses using its artificial intelligence platforms is now providing the stronger U.S. contribution. The company said U.S. commercial revenue increased 29% sequentially, while U.S. government revenue rose 18%.
Forecast rises after strong quarter
Palantir raised its full-year 2026 revenue outlook to a range of 8.530 billion to 8.534 billion US dollars. It also lifted its U.S. commercial revenue forecast to more than 3.56 billion US dollars, compared with 3.42 billion US dollars after the previous quarter. For the fourth quarter, management projects revenue between 2.649 billion and 2.653 billion US dollars.
In its November 2 shareholder letter, Palantir said third-quarter revenue grew 96% year over year and described U.S. commercial demand as the main driver of expansion. Chief Executive Alex Karp said the company generated another record quarterly profit of 1.13 billion US dollars. CNBC reported adjusted earnings per share of 44 cents, above the 41-cent analyst estimate.
What investors should watch next
The higher forecast gives the stock a demanding test: Palantir must convert the recent commercial momentum into sustained contract activity and revenue. The shift toward business customers broadens the growth engine, but it also raises expectations for execution, sales-cycle speed and continued adoption of the company's artificial intelligence software.
Palantir stock traded at 143.85 euros on Lang & Schwarz at 3:00 p.m. CET on Monday, November 9, 2026. Investors can follow the real-time quote of Palantir stock for the latest indication.
U.S. technology shares remain influenced by the wider S&P 500 market.
More news and analyses on Palantir stock will track the next results, guidance updates and commercial milestones.
Palantir Technologies Inc.
- ISIN: US69608A1088
- NASDAQ ticker: PLTR
- Lang & Schwarz quote: 143.85 euros, November 9, 2026, 3:00 p.m. CET
- Third-quarter revenue: 2.31 billion US dollars
- U.S. commercial revenue: 984 million US dollars
- Full-year 2026 revenue outlook: 8.530 billion to 8.534 billion US dollars
