Palantir Q3 U.S. commercial revenue jumps 148% to $984M, surpassing government for first time
Palantir's third-quarter earnings beat Wall Street estimates, with U.S. commercial revenue jumping 148% to $984 million, topping government revenue of $953 million for the first time. The company's total revenue nearly doubled to over $2 billion for the first time ever, and net income more than doubled to $1.13 billion, or 44 cents per share. Palantir also lifted its full-year guidance, now expecting U.S. commercial revenue in excess of $3.56 billion.
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