Palantir (PLTR) shares fell about 6% in premarket trading on Tuesday, though analysts largely defended the stock after a third-quarter report that beat expectations. Revenue growth accelerated to 96% from 93% last quarter, US commercial sales rose 148% year over year, and commercial revenue surpassed government revenue for the first time. Palantir raised full-year adjusted operating profit guidance by $354 million to $5.247 billion and free cash flow guidance by $300 million to $4.9 billion. D.A. Davidson's Gil Luria called Palantir the best story in software, while Yorkville Ives' Dan Ives said 2027 is the inflection year for AI monetization and that Palantir remains his top pick in software.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Palantirartificial intelligencesoftwareearnings
Open a keyword to see other news on the same topic.
Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/02/2026 | 681.13 |
| Change that session | -1.36% |
AMZN
▼ Likely negativeAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.6T |
| Close on 11/02/2026 | 245.63 |
| Change that session | +2.20% |
NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/02/2026 | 202.06 |
| Change that session | -1.26% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Palantir Grows Revenue 96% as New Deals Slow: Rapid Earnings Reaction
Palantir (PLTR) grew third-quarter revenue 96% to about $2.31 billion and raised its full-year revenue outlook again to about $8.53 billion, or 91% growth. U.S. commercial revenue rose 148% to $984 million and surpassed U.S. government revenue for the first time, which was $953 million. GAAP operating margin reached 47%, up from 33% a year earlier, as operating expenses grew about 46% while revenue nearly doubled. The soft spot is new business: total contract value closed was $2.92 billion, up just 6% year over year. The article says the key metric to watch is U.S. commercial remaining deal value, which rose 4% from last quarter while U.S. commercial revenue rose 29%; if this does not improve, the current growth rate will be hard to sustain.
- Palantir reports booming U.S. commercial revenue growth, topping government for first time
Palantir beat Wall Street's third-quarter estimates after the bell on Monday, with adjusted earnings of 44 cents per share versus 41 cents expected and revenue of $2.31 billion versus $2.18 billion. U.S. commercial revenue rose 148% to $984 million, topping U.S. government revenue of $953 million (up 96%) for the first time. Net income more than doubled to $1.13 billion. Palantir raised its full-year U.S. commercial revenue outlook to “in excess of” $3.56 billion from $3.42 billion, and projects about $2.65 billion in fourth-quarter revenue and about $8.53 billion for full-year 2026.
- Palantir earnings reveal a major AI turning point
In the third quarter, Palantir's U.S. commercial business brought in more money than its U.S. government segment. This was a key point in the company's earnings report.
- Palantir Technologies vs. Figma: Comparing Revenue Growth Trends
This comparison looks at revenue over the last eight quarters for Figma (FIG) and Palantir Technologies (PLTR), using data as of Oct. 22, 2026. Figma, a browser-based design platform, recently launched several AI design features and disclosed that its CEO voluntarily forfeited $46 million in stock awards. Its second-quarter sales of $370.1 million rose 48% year over year, partly due to AI credit monetization, with Q2 being the first full quarter of that revenue stream. Palantir's revenue is considerably larger and has increased every quarter, with the company forecasting third-quarter revenue of around $2.2 billion; it has also secured a U.S. Army ground station production contract and a collaboration with NVIDIA. Figma is scheduled to report third-quarter earnings on Nov. 4.
- Palantir Guided for $2.16 Billion in Revenue for Q3. Its Last 2 Quarters Suggest We Should Expect More.
Palantir (PLTR) guided for third-quarter revenue of $2.160 billion to $2.164 billion, but the author considers that forecast conservative given its first-half results. In the first and second quarters, revenue beat the midpoint of guidance by about 6.4% and 7.5%, with second-quarter revenue reaching $1.935 billion, up 93% year over year. U.S. commercial revenue rose 149% to $764 million in the second quarter, and total contract value reached $3.37 billion. If sequential growth matches the 19% of the second quarter, third-quarter revenue would be about $2.3 billion, and the author will be watching whether it exceeds that level.
- Palantir Technologies (PLTR) Deepens Sovereign AI Deployments Across Sensitive Industries
Palantir Technologies (PLTR) announced a new wave of sovereign AI deployments with partners including L3Harris, McCarthy, NVIDIA, Ondas, and Tampa General Hospital. The collaborations span sensitive sectors such as defense, advanced manufacturing, construction, and healthcare, focusing on real-world AI workflows and data control. Clients use Palantir's platforms to fine-tune models, keep control over their data, and pursue operational efficiency. The article argues the moves reinforce the company's software moat but also heighten reliance on large U.S. government and defense contracts and a customer base skewed heavily toward the U.S. It suggests tracking upcoming earnings updates through late 2026 for disclosures on total contract value and how much demand comes from outside the U.S.
Related markets
Latest news
- Liquid Network Restores Full Bitcoin Backing Two Months After $320M Exploit
The Liquid Federation said the sidechain's Bitcoin reserves are fully restored, with 1:1 backing reestablished for all LBTC, the token representing Bitcoin on Liquid. The milestone follows the restoration of BTC-LBTC swaps several weeks earlier. In September, purported white-hat hackers withdrew about 4,000 BTC, worth around $320 million, from the federation wallet, later returning 3,400 BTC but keeping roughly 598 BTC. Blockstream CEO Adam Back shared a dashboard showing 100% backing and a reserve deficit of 0.00 BTC, though the federation did not explain how the shortfall was covered. Blockstream refused to pay a ransom for the remaining bitcoin and called the withdrawal theft, while Back urged developers to treat AI-suggested fixes with suspicion.
- VN-Index Falls Below 1,700 Points Again as Foreign Investors Extend Net Selling Streak
On November 3, the VN-Index fell 11.1 points (0.65%) to close below 1,700 points, after touching 1,713 points intraday and dipping to 1,690. Pressure came mainly from large-cap stocks, with VIC down 3.31% and taking more than 12 points off the index, while oil and gas names and BVH, PNJ and KOS also fell sharply. Steel stocks rose strongly, with HPG up 4.17%, HSG up 3.88% and NKG up 3.42%, and 152 stocks on HoSE advanced against 135 that declined. HoSE trading value fell 34% from the previous session to 10,474 billion VND, the lowest in five sessions. Foreign investors net sold nearly 500 billion VND, their eighth straight session of net selling, led by MBB (about 255 billion VND) and VCB (nearly 219 billion VND), while HPG saw net buying of over 227 billion VND.
- Russia Speeds Up Push to Seize the Entire Eastern Bank of the Dnipro River
The Telegram channel Legitimny says Ukraine faces a severe manpower shortage that could lead to the collapse of its Zaporizhzhia defenses. Orikhiv is reportedly encircled on three sides and could fall within 2-3 months. If the current advance continues, Russian forces could approach Zaporizhzhia city by summer 2027 and cut southern supply lines, reaching the Dnipro's left bank by late 2027. Ukrainian and Russian analysts also cite high casualties and reserve shortages, while drone operations may become harder in cold winter weather, potentially opening new gaps in the front line.
- Why Williams-Sonoma Stock Gained 11% in October
Williams-Sonoma (WSM) shares rose 11% in October, according to S&P Global Market Intelligence data. The market has rewarded the housewares retailer's resilience to inflation, as its upscale customers are less affected and its products are mostly lower-priced housewares rather than big-ticket furniture. In the fiscal second quarter ended Aug. 2, sales rose 6.7% on 6.2% comparable sales growth, while adjusted operating margin of 17.3% fell 0.60 percentage points and adjusted EPS of $2.10 rose 5%. The company kept its full-price strategy and raised full-year guidance, and its dividend has risen for 17 years, including a 15% increase in March, with a 1.1% yield. The stock is up 47% this year and also rose after the Federal Reserve raised rates in September.
- Not Micron. Not Sandisk. This AI Memory Stock Is the One Wall Street Is Overlooking.
Penguin Solutions (PENG) of Fremont, California, is targeting the AI 'memory wall' with CXL technology that adds memory outside the GPU, so processors spend less time waiting for data. A KV cache server shown in September pairs 3 terabytes of DDR5 with up to eight 1-terabyte CXL cards, for roughly 11 terabytes per machine. In its fiscal fourth quarter it signed six new AI infrastructure customers, four of them neoclouds, including a 36,000-GPU facility in Norway backed by a $10 billion compute contract. The article says its software and operations capabilities are hard to replicate, but its memory business is cyclical, the stock has fallen over 30% from its early-October peak, and it depends on a few large customers. The author sees the stock as overlooked and an opportunity, while noting it remains partly cyclical.
- What FedEx Holders Got Right
FedEx shares returned 58.9% over the past year, including dividends. At the start of the period the stock traded at US$254, and investors weighed a bullish Fair Value of US$320, based on integrated logistics gains and programs like DRIVE and Network 2.0, against a bearish Fair Value of US$200, based on concerns about digitalization reducing parcel volumes and rising labor and environmental costs. Actions such as the FedEx Freight spin-off and the US$1.4b sale of FedEx Supply Chain supported the efficiency case, while Amazon opening its supply chain services to third parties and FedEx closing facilities and cutting jobs kept volume and competition concerns alive. The stock now trades at US$318, above the article's more cautious Fair Value, and the current price assumes FedEx turns its AI, Dataworks and Network 2.0 programs into durable pricing power despite pressure from fuel, labor and decarbonization spending.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.