Pltr Stock Rises as Palantir Q3 Earnings Beat Forecasts, Revenue Leads

Palantir Technologies delivered third‑quarter results that topped Wall Street forecasts, yet its shares slipped roughly three percent in after‑hours trading. The company highlighted that U.S. commercial revenue now exceeds government earnings for the first time.

pltr stock performance after earnings

Following the earnings release, the pltr stock price fell about 3% in extended trading, closing at $172.65. The dip occurred despite the firm reporting a near‑doubling of revenue year‑over‑year and a significant rise in net income.

Palantir earnings beat expectations

Adjusted earnings per share came in at 44 cents, outpacing the 41‑cent consensus. Total revenue reached $2.31 billion, comfortably above the $2.18 billion analysts had projected. Net income more than doubled to $1.13 billion, compared with $476 million a year earlier.

U.S. commercial revenue surpasses government

The commercial segment in the United States surged 148% to $984 million, overtaking the government segment, which posted $953 million and grew 96%. Over the past two years, U.S. commercial revenue has increased more than five‑fold.

Guidance and outlook

Palantir raised its outlook, now expecting U.S. commercial revenue to exceed $3.56 billion for the full year, up from a prior $3.42 billion estimate. The firm also projected fourth‑quarter revenue of about $2.65 billion and full‑year 2026 revenue of roughly $8.53 billion.

Analyst view on pltr stock

JPMorgan upgraded the pltr stock to an Overweight rating and set a price target of $262, reflecting confidence in the company’s commercial momentum. Bloomberg also lifted its 2026 revenue expectations after noting the strong commercial sales trend.

CEO Alex Karp emphasized that Palantir’s growth is occurring without a traditional salesforce and that the company’s AI tools are being adopted broadly across businesses. He reiterated calls for greater regulation of AI labs, a stance that has kept the firm in the public policy spotlight.

For broader context on AI industry developments, see OpenAI Chief Argues Personal Computers Should Not Have sam altman ram.

Sources: CNBC, Bloomberg.com, Yahoo Finance.