alantir Q3 revenue surged 63% YoY on booming defense orders; full-year guidance raised.
Palantir reported Q3 revenue of $1.18 billion, a surge of 63% year-over-year, beating analysts’ expectations of $1.09 billion. This marks the 21st consecutive quarter that PLTR has topped Wall Street estimates. The company also significantly raised its full-year revenue guidance to $4.40 billion, up from the previous range of $4.14–$4.15 billion—its third upward revision this year.
Palantir is experiencing unprecedented growth in its U.S. commercial segment, with revenue expected to exceed $1.433 billion, representing a 104% increase. However, U.S. government sales showed a slight sequential slowdown, rising 52% year-over-year (compared to 53% in Q2). After hours, Palantir’s stock initially jumped 7% before quickly pulling back.
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