Palantir stock clears USD 2.3 billion revenue mark in Q3

Published on 11/06/2026 at 15:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Palantir stock enters a new phase as U.S. commercial revenue moves ahead of government sales. Management also raised its full-year outlook.

Palantir shifts toward commercial growth

U.S. commercial revenue surpassed U.S. government revenue for the first time.
Management raised its full-year revenue outlook after another record quarterly profit.
The company expects fourth-quarter revenue between USD 2.649 billion and USD 2.653 billion.

Palantir, US69608A1088, Illustration mit AI erstellt.

Palantir Technologies delivered a major shift in its revenue mix in the third quarter ended September 30, 2026. In its shareholder letter dated November 2, the company said quarterly revenue reached USD 2.3 billion, up 96 percent from the same period a year earlier.

Palantir stock traded at 141.87 euros on Lang & Schwarz at 15:06 CET on Friday, November 6, 2026. The quote reflects the latest available trading price at that time. For the real-time quote of Palantir stock, investors can follow the company's current market listing.

Commercial demand takes the lead

U.S. commercial revenue rose 148 percent year over year to USD 984 million, according to the Palantir shareholder letter. That figure exceeded U.S. government revenue of USD 953 million for the first time in the company's history. U.S. commercial revenue also increased 29 percent from the previous quarter.

Total commercial revenue climbed 113 percent to USD 1.168 billion, while government revenue increased 81 percent to USD 1.146 billion. U.S. revenue reached USD 1.937 billion, representing 84 percent of the company total and a year-over-year increase of 119 percent.

Raised outlook sets the next test

Palantir expects fourth-quarter revenue between USD 2.649 billion and USD 2.653 billion. For full-year 2026, management raised its revenue outlook to between USD 8.530 billion and USD 8.534 billion, implying 91 percent year-over-year growth at the midpoint. The company also expects full-year U.S. commercial revenue to exceed USD 3.559 billion, equivalent to growth of at least 143 percent.

The company reported another record quarterly profit of USD 1.13 billion. Management attributed the commercial momentum to demand for its artificial intelligence platforms and said its U.S. commercial business remains the primary growth driver. The expanding commercial contribution gives investors a clearer test of whether Palantir can sustain its exceptional growth beyond government contracts.