Palantir Q3 revenue hits $2.31B as U.S. commercial sales pass government
Overview
Palantir reported third-quarter revenue of $2.31 billion, above the $2.18 billion LSEG estimate, with adjusted earnings of 44 cents per share against 41 cents expected.
U.S. commercial revenue rose 148% to $984 million, passing U.S. government revenue of $953 million for the first time.
The company raised its full-year U.S. commercial revenue guidance to "in excess of" $3.56 billion. CNBC reports that businesses are adopting more of Palantir's artificial intelligence tools.
Written by AI from the articles below · updated Nov 2, 4:35 PM ET
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- CNBC · TechnologyNewsPalantir's U.S. commercial revenue tops government for first time in Q3
AIPalantir reported third-quarter revenue of $2.31 billion, above the $2.18 billion LSEG estimate, with adjusted earnings of 44 cents per share against 41 cents expected. U.S. commercial revenue rose 148% to $984 million, passing U.S. government revenue of $953 million for the first time, and the company raised its full-year U.S. commercial revenue guidance to "in excess of" $3.56 billion.
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