# Palantir raises 2026 outlook after 96% revenue growth in Q3

> Palantir reported record quarterly revenue of $2.313 billion, rapid U.S. commercial growth and higher full-year guidance for 2026.

Source page: https://stoqly.net/news/palantir-q3-2026-outlook-commercial-ai

- **Published:** 2026-11-03T16:29:00+00:00
- **Section:** Quarterly results
- **Company:** Palantir (PLTR), https://stoqly.net/companies/pltr.md

Palantir Technologies reported third-quarter 2026 revenue of $2.313 billion, up 96% year over year and 20% sequentially. U.S. revenue reached $1.937 billion, up 119% year over year, with U.S. commercial revenue at $984 million, up 148%.

The company said U.S. commercial revenue exceeded U.S. government revenue for the first time. It reported GAAP net income of $1.128 billion, a 49% margin, and adjusted free cash flow of $1.216 billion, or 53% of revenue. It also closed 212 deals worth at least $1 million during the quarter.

Palantir raised its full-year 2026 revenue guidance to $8.530–$8.534 billion, implying 91% year-over-year growth, and lifted U.S. commercial revenue guidance to at least $3.559 billion, or at least 143% growth. It expects fourth-quarter revenue of $2.649–$2.653 billion.

The figures show acceleration in the commercial business alongside continued government demand. The release also reported $10.4 billion in cash, cash equivalents and U.S. Treasury securities, providing substantial liquidity as the company expands its AI software platform.

**Why it matters** Palantir’s raised outlook and commercial revenue scale make the quarter a significant update for the enterprise AI market, while the guidance remains management’s forward-looking estimate.

- Q3 revenue: $2.313B +96% year over year
- U.S. commercial revenue: $984M +148% year over year
- Adjusted free cash flow: $1.216B +53% margin
- Cash and Treasuries: $10.4B

- [Palantir Q3 2026 earnings release, filed as Exhibit 99.1 to Form 8-K on November 2, 2026](https://www.sec.gov/Archives/edgar/data/1321655/000132165526000045/a2026q3ex991pressrelease.htm)
- [Palantir Technologies Form 8-K, November 2, 2026](https://www.sec.gov/Archives/edgar/data/1321655/000132165526000045/0001321655-26-000045-index.htm)

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Written by Stoqly from SEC filings and market data. For information only — not investment advice or a recommendation to buy, sell or hold any security.