# Palantir CEO Says Commercial Contracts Are Getting Shorter By John Kim Canonical URL: https://www.tokenpost.com/news/business/48270 Published: 2026-11-04T05:46:33.000Z Updated: 2026-11-04T05:46:33.000Z Section: Business > U.S. commercial total contract value fell about 31% from a second-quarter record even as revenue rose 96% year over year to $2.31 billion. Palantir Technologies CEO Alex Karp said commercial customers are moving to deployment faster but signing shorter contracts, a shift that coincided with a 31% quarterly drop in U.S. commercial total contract value. On the third-quarter earnings call, Karp described “much quicker interaction, much quicker to deployment, shorter duration of the contract but then an ability to expand that contract dramatically.” Palantir closed $1.46 billion in U.S. commercial total contract value in the quarter, down about 31% from the $2.13 billion record in the second quarter. Total revenue rose 96% year over year to $2.31 billion, while U.S. commercial revenue climbed 148% to $984 million. U.S. commercial revenue exceeded U.S. government revenue of $953 million for the first time. Quarterly revenue also topped $2 billion for the first time. The result surpassed Palantir’s [previous third-quarter revenue forecast](). ## Links in this article - [previous third-quarter revenue forecast](https://www.tokenpost.com/news/business/44747)