{
  "id": 16201733,
  "title": "Palantir Guided for $2.16 Billion in Revenue for Q3. Its Last 2 Quarters Suggest We Should Expect More.",
  "url": "https://urgent.news/2026/10/23/palantir-guided-for-2-16-billion-in-revenue-for-q3-its-last-2",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-23T16:04:00.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/10/23/palantir-guided-for-216-billion-in-revenue-for-q3/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Palantir Technologies (PLTR) has witnessed remarkable growth, with its stock skyrocketing over 1,000% in the past three years. Investors might be surprised to learn that the company has a knack for surpassing its revenue forecasts. Palantir's upcoming third-quarter earnings report on November 2 is expected to be another strong performer, potentially exceeding $2.3 billion in revenue.\n\nThe company's impressive growth comes from its Artificial Intelligence Platform (AIP), which enables businesses and government agencies to process vast amounts of data and make data-driven decisions using AI. Palantir's stock has consistently underperformed its growth expectations, as it has repeatedly beaten its revenue guidance in recent quarters.\n\nIn the first half of 2023, Palantir delivered revenue above expectations, with a 6.4% and 7.5% increase in Q1 and Q2, respectively. The company's growth rate has accelerated, with revenue increasing by 16% sequentially in Q1 and a whopping 19% in Q2. Moreover, year-over-year revenue growth reached an astonishing 93% in Q2.\n\nPalantir's commercial business has been expanding at an extraordinary pace, particularly in the U.S. market, where second-quarter revenue grew by 149% year-over-year to $764 million, and sequential growth reached 28%. The company has also closed 220 deals worth at least $1 million, with a total contract value of $3.37 billion in the second quarter. This indicates a substantial pipeline of potential revenue, even if not all contracts will translate into immediate earnings.\n\nPalantir's focus on AI sovereignty, which provides businesses and governments with greater control over their AI systems, sensitive data, and operational decisions, is another factor contributing to its growth. The company recently conducted two sovereignty boot camps that attracted nearly 200 organizations, showcasing its technology and demonstrating how customers can leverage AI without compromising their data. These efforts may lead to additional commercial opportunities in the future.\n\nGovernment business is also a significant driver of Palantir's growth. Its U.S. government revenue increased by 90% year-over-year in Q2 to $809 million, fueled by demand for defense and intelligence applications. With no guarantees in investing, Palantir's consistent performance in beating revenue forecasts and the rapid expansion of its commercial business make it a compelling long-term investment opportunity.",
  "summary": "The data analytics giant has made a habit of beating its guidance, and there's good reason to believe it will do so again this time.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Palantir Guided for $2.16 Billion in Revenue for Q3. Its Last 2 Quarters Suggest We Should Expect More.",
        "url": "https://urgent.news/2026/10/23/palantir-guided-for-2-16-billion-in-revenue-for-q3-its-last-2-16202403",
        "published": "2026-10-23T16:24:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}