Palantir raises 2026 guidance after 96% growth in the third quarter
Palantir Technologies (NASDAQ:PLTR) reported revenue of $2.313 billion in the third quarter of 2026, up 96% year-over-year, with 148% growth in its U.S. commercial business. For the first time, U.S. commercial revenue ($984 million) surpassed U.S. government revenue ($953 million). The company raised its full-year 2026 revenue guidance to between $8.530 billion and $8.534 billion and its U.S. commercial revenue guidance to more than $3.559 billion, a growth rate of at least 143%.
In 35 seconds
- Quarterly revenue of $2.313 billion, up 96% year-over-year and 20% quarter-over-quarter
- U.S. commercial revenue grew 148% year-over-year to $984 million and surpassed government revenue for the first time
- GAAP net income of $1.128 billion, a 49% margin, and adjusted free cash flow of $1.216 billion
Read the full story at Business Wire
IASummary generated by artificial intelligence from a story by Business Wire. It may contain errors: the original source prevails.
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