Palantir Technologies (PLTR) reported third quarter earnings and revenue that topped Wall Street targets, boosted by U.S. government and commercial growth. Palantir stock wavered in late trades amid fourth quarter revenue guidance that came in above expectations.
The maker of data analytics software reported Palantir earnings for the September quarter after the market close.
In Q3, Palantir earnings were 21 cents on an adjusted basis, doubling from a year earlier. Revenue climbed 63% to $1.81 billion, the software maker said.
Analysts expected Palantir to report Q3 adjusted profit of 17 cents per share, up 68% from a year earlier. Analysts predicted revenue growth of 50% to $1.092 billion. September quarter revenue beat estimates by 8%, roughly the same as in the previous quarter.
Over the previous four quarters, Palantir sales had accelerated 30%, 36%, 39% and 48%.
In Q3, US. commercial revenue grew 121% year-over-year to $397 million. U.S. government revenue grew 52% to $486 million, slightly above Wall Street targets.
In a letter to shareholders, Chief Executive Alex Karp said: “In the United States, our commercial business has now more than doubled in the last twelve months, growing 121% and generating $397 million in the last quarter. This segment of our operations is an absolute juggernaut.”
Also, analysts projected over 46% U.S. government revenue growth to $475 million, with U.S. commercial revenue growth of over 90% to $344 million, according to Visible Alpha.
On the stock market today, Palantir stock rallied, before trading sideways. The stock was up a fraction in extended trading.
For the current quarter ending in December, Palantir said it expects revenue of $1.329 billion versus estimates of $1.176 billion.
Ahead of the Q3 earnings report, Palantir stock hit a record high of 207.46 on Monday. Palantir stock has soared 175% in 2025.
Palantir Stock Technical Ratings
Meanwhile, Palantir’s data analytics software has been utilized by government customers for intelligence gathering, counterterrorism and military purposes. It’s now targeting generative artificial intelligence applications in health care, energy and manufacturing. Palantir is among artificial intelligence stocks to watch.
Also, Palantir stock holds a Composite Rating of 99 out of a best-possible 99, according to IBD Stock Checkup. IBD’s Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.
Palantir stock owns an Accumulation/Distribution Rating of C-plus. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading. A+ signifies heavy institutional buying; E means heavy selling. Think of a C grade as neutral.
Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
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