First posted on Instagram · @profilopolitics
Palantir Technologies reported its third-quarter results after the market closed on Monday, November 2, 2026, for the three months ended September 30, in what the company presented as its strongest quarter as a public company.
Total revenue rose 96 percent from a year earlier to $2.313 billion, the first quarter in which the data-analytics and artificial-intelligence software company has topped $2 billion in sales, and up 20 percent from the second quarter. Adjusted earnings were $0.44 a share, above the $0.41 analysts had expected, and net income was $1.128 billion.
Revenue from the United States government rose 96 percent from a year earlier to $953 million, up 18 percent from the previous quarter. Total revenue from the United States reached $1.937 billion, up 119 percent from a year earlier, accounting for 84 percent of the company's overall sales.
For the first time, revenue from American commercial customers moved ahead of government revenue in the United States, rising 148 percent from a year earlier and 29 percent from the second quarter to $984 million, as companies expanded their use of Palantir's artificial-intelligence platform.
The market reaction ran against the headline numbers. Palantir shares closed Monday's regular session at $178.34, down 3.13 percent, slipped further in after-hours trading, and were quoted near $166 in premarket trading on Tuesday, November 3, a fall of about 7 percent from Monday's close. The figure weighing on the shares was new business: total contract value closed in the quarter was $2.918 billion, up only 6 percent from a year earlier, while United States commercial contract value rose 11 percent to $1.463 billion, after growth of 153 percent in the previous quarter.
Palantir nevertheless raised its outlook, lifting full-year 2026 revenue guidance to between $8.530 billion and $8.534 billion, and guiding to fourth-quarter revenue of $2.649 billion to $2.653 billion.
On the government side, the company disclosed a prime agreement with the United States Army to produce eight TITAN ground-station systems, and said its Maven Smart System now has more than 100,000 users and has been opened to all military services. Chief Executive Alex Karp framed the quarter around demand for what the company calls sovereign artificial intelligence, saying demand for its platforms remains insatiable.
The results have revived the wider debate around Palantir's work: supporters point to its growth as evidence of artificial intelligence's expanding role in national security, while critics raise questions about surveillance, military applications and the ethical implications of government artificial intelligence.