Palantir reports booming US commercial revenue growth, topping government for first time
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Palantir beat third-quarter estimates after revenue nearly doubled to over $2 billion and net income more than doubled to $1.13 billion, or 44 cents per share. U.S. commercial revenue jumped 148% to $984 million, surpassing U.S. government revenue of $953 million for the first time as businesses adopted more artificial intelligence tools. Following the strong results, CEO Alex Karp's company lifted its full-year U.S. commercial revenue guidance to over $3.56 billion and projected about $8.53 billion in total revenue for full-year 2026.
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