Palantir Technologies Inc.: Beat — EPS $0.44, Revenue $2.31B
Earnings BeatQ3 2026 · After-market
Did Palantir Technologies Inc. (PLTR) beat earnings today?
Yes, Palantir Technologies Inc. (PLTR) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+7.32% surprise
$0.44Actual
Expected: $0.41
Total Revenue+6.12% surprise
$2.31BActual
Expected: $2.18B
vs. year ago +96.0%
Released Nov 02 · 4:05 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $2.31B | $1.18B | +96.0% |
| Revenue detail — reported lines | |||
| └─U.S. revenue | $1.94B | - | +119.0% |
| └─U.S. commercial revenue | $984.00M | - | +148.0% |
| └─U.S. government revenue | $953.00M | - | +96.0% |
| Net income | $1.13B | $475.60M | +137.2% |
| GAAP Basic EPS | $0.47 | $0.20 | +135.0% |
| GAAP Diluted EPS | $0.44 | $0.18 | +144.4% |
| Adjusted Diluted EPS | $0.44 | - | - |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | Expected | FY 2026 Outlook | Expected |
|---|---|---|---|---|
| Revenue | $2.649B-$2.653B | $2.46BBeat +7.76% | $8.530B-$8.534B | $8.22BBeat +3.80% |
| Adjusted income from operations | $1.640B-$1.644B | — | $5.245B $5.249B | — |
| U.S. commercial revenue | — | — | in excess of $3.559B (at least +143% YoY) | — |
| Adjusted free cash flow | — | — | $4.8B-$5.0B | — |
Business Highlights
- ➤U.S. commercial revenue surpassed U.S. government revenue for the first time.
- ➤Quarterly revenue surpassed $2 billion for the first time ever.
- ➤Closed 212 deals of at least $1 million.
- ➤Closed 107 deals of at least $5 million.
- ➤Closed 64 deals of at least $10 million.
- ➤Closed $2.918 billion of total contract value.
- ➤Closed $1.463 billion of U.S. commercial total contract value.
- ➤U.S. commercial remaining deal value reached $6.517 billion.
- ➤Palantir highlighted Foundry, Ontology, and AIP with ontologized, fine-tuned open-weight models.
Management Commentary
Alex Karp, Co-Founder and Chief Executive Officer
“The Sovereign AI movement is imposing the most dramatic dichotomy between haves and have nots that I have witnessed in 30 years of business. Every institution—government and commercial—is rapidly being forced, voluntarily or not, into one of these two categories. Witness our third quarter results: overall revenue soared 96% year-over-year, U.S. commercial revenue grew 148% year-over-year and 29% sequentially, and aggregate U.S. revenue grew 119% year-over-year. Our U.S. commercial revenue has surpassed our U.S. government revenue for the first time in our company’s history.”
Alex Karp, Co-Founder and Chief Executive Officer
“The Sovereign AI moment is purpose-built for Palantir. Our products—from Foundry and Ontology to AIP with its ontologized, fine-tuned open-weight models—ignite a self-improvement loop that joins and aligns the workflow with its optimal model and us with our partners. This dialectic drives transformational value for both Palantir and our partners—and works only in artistic combination. Each becomes stronger as the sum becomes more powerful.”