{
  "id": 17862083,
  "title": "Palantir’s revenue rises 96% to $2.3 billion as investors’ patience rests on a hair trigger",
  "url": "https://urgent.news/2026/11/02/palantirs-revenue-rises-96-to-2-3-billion-as-investors-patience-rests",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T21:47:03.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/11/02/palantir-q3-results-stock-ai-trade-selloff/"
  },
  "original_language": "en",
  "account": "Palantir Technologies reported a staggering 96% increase in revenue for the third quarter, reaching $2.3 billion. This marks a significant jump from its previous 63% growth and $1.2 billion in revenue. The tech company has raised its full-year revenue forecast to between $8.53 billion and $8.534 billion, a nearly 91% growth rate. Palantir's adjusted and GAAP earnings per share have also seen a notable improvement, with $0.44 compared to $0.21 and $0.18 respectively in the same period last year. Analysts had been anticipating revenue of $2.18 billion and adjusted earnings of 41 cents per share. CEO Alex Karp described the results as \"extraordinary\" and highlighted the company's 96% growth rate as \"absolutely striking.\" The strong performance comes amidst a downturn in certain tech stocks, providing insight into the AI trade's current state. Karp noted the potential for a major shift across various industries, including banks, insurers, hospitals, and even law firms, as AI software transforms into revenue growth. The software maker serves as a key indicator of public market confidence in AI software converting into revenue. Palantir's U.S. commercial revenue grew by 148% to $984 million, surpassing U.S. government revenue for the first time, which grew by 96% to $953 million. Total contract value increased by 6% to $2.9 billion, with U.S. commercial contract value rising by 11% to $1.5 billion. Palantir has forecast revenue of $2.64 billion to $2.65 billion, or about 88% growth for the current quarter, with fiscal year 2026 revenue guidance reaching 91% year-over-year growth.",
  "summary": "Palantir Technologies shares rose 1.5% before falling amid a spreading AI selloff in other tech stocks.",
  "key_points": [
    "Palantir's revenue surged 96% to $2.3 billion in Q3",
    "Company raised full-year revenue forecast to $8.53-$8.534 billion",
    "CEO Alex Karp called growth \"extraordinary\" and \"absolutely striking\""
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}