Palantir reported Q3 revenue of $2.3 billion, up 96% year over year and its fastest growth on record, with EPS of $0.44, up 144%, beating consensus estimates of $2.2 billion and $0.41. U.S. commercial revenue rose 148% to $984 million, surpassing U.S. government revenue of $953 million for the first time. Management raised full-year revenue growth guidance to roughly 91% from 82%. The article notes the stock trades at 125 times earnings with a PEG ratio of 0.53, and the author views the outlook positively while cautioning that the premium valuation could lead to a swift and severe rerating if results fall short.
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