Palantir Revenue Climbs 96% as U.S. Commercial Revenue Tops U.S. Government Revenue

Palantir Technologies reported third-quarter revenue of $2.313 billion, up 96% from a year earlier. U.S. commercial revenue exceeded government revenue for the first time in the company's history.

U.S. commercial revenue reached $984 million, a 148% increase. U.S. government revenue totaled $953 million, up 96%.

“Our U.S. commercial revenue has surpassed our U.S. government revenue for the first time in our company’s history,” Palantir CEO Alex Karp said.

Palantir raised its 2026 revenue guidance to between $8.530 billion and $8.534 billion. The company announced its third-quarter results Nov. 2.