Palantir Tops Third-Quarter Revenue Estimates on Strong AI Software Demand
The company forecast fourth-quarter revenue above Wall Street estimates as U.S. commercial sales rose 148% and overtook government revenue for the first time.
- On Monday, Palantir Technologies reported third-quarter revenue of $2.31 billion, with U.S. commercial revenue hitting $984 million and surpassing government sales of $953 million for the first time.
- Strong demand for AI-powered data-analytics software drove this expansion, as clients seek competitive advantages and greater control over their data and AI models to maintain security.
- Net income more than doubled to $1.13 billion, or 44 cents per share, while Palantir closed 212 deals worth at least $1 million, with 64 worth at least $10 million.
- Following these results, Palantir raised its full-year revenue forecast to between $8.530 billion and $8.534 billion, while projecting U.S. commercial revenue "in excess of" $3.56 billion for the full year.
- CEO Alex Karp remains a vocal critic of leading AI labs, warning they force businesses to sell data sovereignty, though Palantir shares closed down 3.1% on Monday amid investor valuation concerns.
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U.S. Companies Now Pay Palantir More Than the U.S. Government for the First Time
For the first time in Palantir's history, a single earnings line flipped the company's revenue mix upside down, and it signals something much bigger about where AI spending is heading.
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Compared to 2025, Palantir's quarterly earnings are almost half higher this year. The Group's US business is running particularly well, and the software is used by the Pentagon, among other things.
Palantir reported quarterly results that far exceeded analysts' expectations, nearly doubling its revenue thanks to demand for artificial intelligence. The company also significantly raised its annual forecast, but shares fell in after-hours trading.
Alex Karp, CEO of Palantir, argued that the real danger of artificial intelligence (AI) lies not in the technology itself, but in the profit-seeking of the companies developing it. In a letter to shareholders released alongside the third-quarter earnings announcement on the 2nd (local time), CEO Karp stated, "The issue of AI alignment certainly exists, but it is different from what is generally known." AI alignment is the goals of AI and
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