Palantir released Q3 2026 results on November 2 after the closing bell. Revenue reached $2.3 billion, up 96% from a year earlier and above the company's prior guidance range.
The result showed that AI software demand translated into rapid revenue growth and a record quarterly profit of $1.13 billion. U.S. commercial revenue also increased 29% from the previous quarter.
When Did Palantir Report Q3 2026 Earnings?
Palantir published results for the quarter ended September 30 after U.S. markets closed on November 2. The company's investor-relations site hosts the earnings release, shareholder letter, presentation and webcast replay.
The release has replaced the earlier preview figures. Investors can now compare the reported $2.3 billion in revenue and $1.13 billion in quarterly profit with management's updated outlook and operating comments.
What Revenue and Profit Did Palantir Report?
Palantir reported $2.3 billion in Q3 revenue, representing 96% year-over-year growth. The result was above the company's earlier revenue guidance of $2.160 billion to $2.164 billion.
Palantir also reported a record quarterly profit of $1.13 billion. The combination of revenue growth and profit shows that the company expanded without giving up software operating leverage.
Is U.S. Commercial Growth Still Accelerating?
U.S. commercial revenue is Palantir's fastest-growing business. The company raised its full-year guidance for that segment to more than $3.424 billion, representing growth of at least 134%.
Palantir said U.S. commercial revenue grew 29% sequentially. That pace shows that companies continued expanding their use of the Artificial Intelligence Platform, which connects data and models to operating workflows.
How Important Is Government Revenue?
Government contracts remain a major source of revenue and credibility. These projects can be large and long-lasting, but award timing can make quarterly growth uneven. Commercial deals usually move faster, while government work often requires longer procurement and deployment cycles.
The strongest report would show growth in both areas. Commercial expansion proves that Palantir can sell beyond its original government base. Government momentum provides scale and long-term contracts.
Are Palantir's Margins and Cash Flow Improving?
For Q3, Palantir guided for adjusted income from operations between $1.292 billion and $1.296 billion. It also raised full-year adjusted free-cash-flow guidance to $4.5 billion to $4.7 billion.
These figures show whether revenue growth is turning into cash. High software margins can support strong profit, but stock-based compensation, hiring and infrastructure costs still affect shareholder returns. Revenue growth should therefore be compared with operating margin and free cash flow.
What Matters After Palantir Earnings?
Palantir delivered a larger-than-guided revenue result, 96% year-over-year growth and a record profit. The next questions are whether U.S. commercial demand stays near its current pace and whether new contracts support another quarter of strong growth.
The call also matters. Management's comments on AIP deployment, customer budgets and contract timing can change expectations even when the reported quarter is close to consensus. Investors will also compare remaining deal value, customer concentration and average contract size. Those figures help separate broad platform adoption from growth driven by a small number of unusually large agreements. A higher customer count with expanding contracts would show that AIP demand is spreading across industries.
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FAQ
When did Palantir report Q3 2026 earnings?
Palantir released Q3 2026 results after the market closed on November 2 and held its webcast at 5:00 p.m. ET.
What revenue did Palantir report?
Palantir reported $2.3 billion in Q3 revenue, up 96% year over year.
Did Palantir beat its revenue guidance?
Yes. Reported revenue of $2.3 billion exceeded the earlier guidance range of $2.160 billion to $2.164 billion.
Does Palantir make a profit?
Yes. Palantir reported a record quarterly profit of $1.13 billion in Q3 2026.
