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Palantir's U.S. commercial revenue tops U.S. government revenue for the first time

Palantir's U.S. commercial revenue rose 148% year over year to $984 million, versus $953 million in U.S. government revenue.

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Palantir reports booming U.S. commercial revenue growth, topping government for first time

TLDR

Palantir's third-quarter revenue reached $2.31 billion, beating the $2.18 billion analyst estimate as businesses adopted more of its AI tools. Adjusted earnings were 44 cents a share, versus 41 cents expected. The company raised its full-year U.S. commercial revenue forecast to more than $3.56 billion, up from a $3.42 billion forecast last quarter.

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