Palantir Technologies (PLTR) fell as much as 7.3% early in the session despite a quarterly report that beat analyst estimates; at 11:32 a.m. ET it was down 3.5%. Third-quarter revenue hit a record $2.3 billion, up 96% year over year, and EPS of $0.44 compared with a consensus of $0.41. U.S. commercial revenue rose 148% to $984 million and became the company's largest growth driver for the first time, ahead of U.S. government revenue of $953 million. Management raised its full-year 2026 revenue forecast to roughly $8.53 billion, up 91%. However, total contract value grew only 6% year over year, down from 49% in Q2, and the stock trades at 147 times earnings, which fueled concerns that growth may be moderating.
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