Palantir’s revenue rises 96% to $2.3 billion as investors’ patience rests on a hair trigger
Source: Fortune ·
Palantir Technologies shares rose 1.5% before falling amid a spreading AI selloff in other tech stocks.
From the source
Palantir Technologies said Monday that third quarter revenue rose 96% year over year to $2.3 billion, surpassing last year’s 63% growth and $1.2 billion in revenue. It raised its full-year revenue forecast to between $8.53 billion and $8.534 billion, roughly 91% growth, from as high as $8.2 billion a quarter ago. In after-hours trading shares began to climb, rising about 1.5% immediately after the figures were published. The quarterly results showed that Palantir reported adjusted and GAAP earnings per share of 44 cents. That compares to third quarter 2025, when adjusted EPS was 21 cents and GAAP EPS was 18 cents. Analysts were expecting revenue of $2.18 billion and adjusted earnings of 41 cents per share. In his quarterly letter to investors, CEO Alex Karp touted the firm’s results, writing “it would be an understatement” to say Palantir’s results in Q3 “were extraordinary.” He said the company’s growth rate of 96% was “absolutely striking.” Palantir had guided revenue to roughly…
BestAIBroker analysis
- Finance-aware sentiment: slightly positive (+0.30 on a -1 to +1 scale).
- Event classification: OTHER.
- Market importance score: 30/100, weighting entity relevance, source credibility, multi-outlet coverage and recency.
- Symbols referenced: PLTR.