Palantir earnings show surging U.S. sales as management raises its full-year outlook
Earnings results
- EPS comparison not verified
Actual: $0.44 (adjusted)
- Revenue comparison not verified
Actual: $2.31341 (reported, billions)
- Guidance
Raised FY2026 revenue to $8.530–$8.534 billion from $8.150–$8.158 billion; issued Q4 revenue outlook of $2.649–$2.653 billion.
Earnings and the stock move
Palantir’s November 2 earnings release showed faster U.S. sales growth and lifted its revenue and cash-flow outlook. Strong operating profitability supports the business case, while slower contract-value growth and a demanding valuation remain useful checks on enthusiasm. The positive after-close price comparison is an observed reaction, with its exact time and basis retained in the report evidence.
Q3 2026 ended September 30, 2026 earnings recap
Palantir raised its full-year sales outlook after earnings showed faster growth in its U.S. business. Shares traded about 1.0% higher after hours on November 2, compared with the same day’s regular close.
- Third-quarter revenue reached $2.31 billion, up 96% from a year earlier. That exceeded the $2.16–$2.16 billion range management had previously projected.
- U.S. commercial revenue rose 148% to $984 million and surpassed U.S. government revenue for the first time. This gives investors another way to judge demand beyond government contracts.
- Palantir now expects full-year revenue of $8.53–$8.53 billion, up from $8.15–$8.16 billion. The midpoint increase is $378 million.
- GAAP and adjusted diluted EPS, meaning profit per share, were both $0.44. GAAP operating margin reached 47%, showing how much sales remained after operating expenses.
- Cash generated by operations was $1.2 billion in the quarter. Management also raised its full-year adjusted free-cash-flow outlook to $4.8–$5 billion.
- Contracts signed during the quarter had $2.92 billion of potential lifetime value, growing just 6%. Contract values include options and can be affected by cancellations, so they are not the same as booked revenue.
The next test is whether strong sales growth continues while new contracts keep pace. A high valuation and stock-based compensation leave shareholders exposed if expectations cool.
Financials and technicals
Charts through Nov 2, 2026. The session move above may reflect later news.
Technical setup and risks
Bearish scenario: A regular close below $178 would break the November 2 low area. Earnings volatility can cross these levels. Bullish scenario: A regular close above the $186–$188 area would reclaim the November 2 high and the 50-day average. Confirmation: Watch the next regular-session close and volume after the earnings discussion.
After-hours move is measured versus the same-day regular close AI-assisted research with source and calculation checks. Prices may be delayed. Technical charts use the stated completed session, which can precede the quoted intraday move. Educational information; investing involves risk.