Palantir's U.S. business sales top its government sales for the first time
Palantir reported third-quarter revenue of about $2.31 billion, up 96% from a year earlier and above Wall Street estimates, and raised its full-year revenue outlook. For the first time, its U.S. commercial revenue ($984 million) was larger than its U.S. government revenue ($953 million). Shares fell in after-hours trading Monday despite the beat.
The day's 5 biggest stories, verified, free by email
▶ Watch the 90-second briefing (story 4 of 5) 🔔 Get 6 AM & 5 PM alerts
Why it matters
Palantir's results show U.S. companies are now a bigger source of its U.S. revenue than the federal government. Shares fell after hours despite the beat and the higher outlook, which affects investors who hold the stock or funds that own it.
What to watch
AMD reports its quarterly results after the market closes on Tuesday, November 3.
Sources
- Yahoo Finance: Stock market today, Tuesday, November 3
- Investing.com: Palantir tops Q3 2026 estimates but shares fall
- TipRanks: Stock market today, Nov. 3
Also in this edition
Get the catch-up in your inbox
The same fact-checked briefing, sources included, at 6 AM and 5 PM Central. No spin, no spam — unsubscribe anytime.
We only use your email to send the briefing.