Palantir Revenue Nearly Doubles to $2.31 Billion in Third Quarter

Palantir on Monday reported third-quarter revenue of $2.313 billion, up 96% from a year earlier and 20% from the prior quarter, topping Wall Street estimates.

U.S. commercial revenue grew 148% year over year to $984 million, and the company raised its full-year 2026 revenue guidance to 91% growth. Adjusted free cash flow reached $1.22 billion, a 53% margin.

The results extend a run of rapid growth for the Denver-based data analytics company, fueled by demand for its artificial intelligence platform from commercial and government customers.