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Palantir revenue rises 96% as U.S. commercial business overtakes government

November 2, 2026. Palantir reported third-quarter revenue of $2.31 billion, up 96% from a year earlier. U.S. commercial revenue rose 148% to $984 million, surpassing the $953 million from U.S. government customers for the first time.

The company expects revenue of $2.649 billion to $2.653 billion in the fourth quarter and $8.530 billion to $8.534 billion for 2026. These figures are forecasts, not realized results.

Why it matters

Commercial growth shows the expanding scale of enterprise analytics software and AI tools alongside government contracts.

Rockstar Briefing analysis

The sector comparison points to a more balanced U.S. revenue mix. Sustaining the pace will depend on renewing contracts, expanding the customer base and turning AI demand into recurring revenue. Guidance remains subject to change.

Featured image: AI-generated illustration.

Source: Palantir third-quarter 2026 investor presentation.