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Palantir's U.S. Commercial Revenue Tops Government Sales for First Time
Palantir's U.S. commercial revenue tops government sales for the first time in the third quarter.
Key points
- Palantir's adjusted earnings were 44 cents per share, against 41 cents expected.
- U.S. commercial revenue rose 148% to $984 million, while U.S. government revenue was $953 million, up 96%.
- Palantir projects about $2.65 billion in fourth-quarter revenue.
Why it matters. The shift shows U.S. businesses adopting Palantir's AI tools more widely, a change from the company's long-standing strength in government sales.
Palantir beat Wall Street's third-quarter estimates on Monday as businesses adopted more of its artificial intelligence tools. Revenue rose to $2.31 billion, above the $2.18 billion expected, and passed $2 billion for the first time, the company said. U.S. commercial revenue jumped 148% to $984 million, ahead of $953 million from government. Palantir projects about $8.53 billion in revenue for full-year 2026.
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Palantir's U.S. Commercial Revenue Tops Government Sales for First Time
Palantir beat Wall Street's third-quarter estimates after the bell on Monday. Its commercial revenue jumped 148% to $984 million. That figure surpassed its government revenue of $953 million, marking the first time U.S. commercial revenue has topped government revenue for the company. The results reflect rapid growth in the company's business with private-sector customers. CNBC reports the figures from the company's earnings release.