On Nov. 2, Palantir raised its full-year financial outlook. The update followed U.S. commercial revenue surpassing government revenue for the first time. The company also reported a trend of businesses turning away from AI labs to gain more control over their technology.
Revenue topped analyst estimates, while U.S. commercial business outpaced government for the first time; the company raised its forecast for U.S. commercial sales growth in 2026.
Read the full storyThe company reported its first quarter in which U.S. commercial revenue exceeded government revenue and raised its 2026 outlook as commercial revenue grew 148% in the third quarter.
Quarterly results beat estimates with profit of $0.44 per share, as the company raised its Q4 revenue guidance to a midpoint of $2.65 billion.