Palantir reports Q3 revenue up 96% YoY to $2.31B, above $2.18B est., US commercial revenue up 148% to $984M, and raises FY 2026 revenue guidance to ~$8.53B (Samantha Subin/CNBC)

Palantir Technologies reported strong Q3 results, with adjusted earnings per share of 44 cents, surpassing analyst expectations of 41 cents per share. The company's revenue of $2.313 billion marked a 96% increase year-over-year, with U.S. commercial revenue overtaking government revenue for the first time. U.S. commercial sales reached $984 million, up 148% year-over-year, while government sales rose 96% to $953 million.

Palantir raised its full-year revenue guidance for the third time this year, with an expected $2.649 billion to $2.653 billion in fourth-quarter revenue and adjusted operating income of $1.640 billion to $1.644 billion.

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