Business
Palantir's revenue nearly doubles to $2.31 billion
The data and AI software company had its first $2 billion quarter and raised its outlook for the year.
In short
$2.31Bquarterly revenue, nearly double last year
- Q3 revenue: $2.31 billion
- Full-year guide: ~$8.5 billion
- First-ever $2B quarter
What happened
Palantir, which sells data and AI software to governments and companies, reported third-quarter revenue of $2.31 billion — almost twice what it made a year ago. It now expects about $8.5 billion in revenue for 2026.
Growth was led by US companies buying its AI platform.
Why it matters
Palantir has become one of the clearest examples of a company actually making money from AI, not just spending on it. But its shares are priced for a lot of future growth, so even strong results can be met with nervous trading — especially in a week when AI stocks were falling.
