Wall Street wants $2.18 billion from Palantir. Will its third-quarter revenue top that when it reports Nov 2?
100% of users predicted YES — the community got this one right. 7 predictions cast.
Palantir Technologies reported third-quarter 2026 revenue of $2.313 billion on Nov. 2, exceeding the $2.18 billion bar analysts and the market had set, according to the company's SEC-filed earnings release. Revenue rose 96% year over year, marking the company's first quarter above $2 billion. The growth was driven by U.S. commercial demand, which hit $984 million and surpassed U.S. government revenue for the first time in the company's history. GAAP net income was $1.128 billion, and diluted EPS came to $0.44, with adjusted operating income of $1.427 billion representing a 62% margin. Total contract value reached $2.918 billion, up 6% year over year.
The results followed a long run of quarterly beats, keeping a high bar heading into the report. The company's continued acceleration in U.S. commercial sales, tied to enterprise adoption of its AI platform, has been the central driver of its 2026 growth story.
The Predict Six community correctly anticipated the beat, with all participants predicting revenue would clear the $2.18 billion threshold.