Palantir Revenue Nearly Doubles to $2.31 Billion as U.S. Commercial Sales Surge 148%, and It Lifts 2026 Guidance

Palantir reported third-quarter revenue of $2.313 billion, up 96% from a year earlier. U.S. commercial revenue rose 148% to $984 million, and U.S. government revenue grew 96% to $953 million.

GAAP net income was $1.128 billion. Adjusted operating income was $1.427 billion, a 62% margin, and adjusted free cash flow was $1.216 billion. The company put its Rule of 40 score at 158%.

Palantir now expects fourth-quarter revenue of $2.649 to $2.653 billion and full-year 2026 revenue of $8.530 to $8.534 billion, up from about $8.15 billion in its August outlook. CEO Alex Karp said "The Sovereign AI moment is purpose-built for Palantir."