Palantir Technologies earnings date
Palantir Technologies (PLTR) Q3 2026 Earnings Report
MX:PLTR Q3 2026 EPS Results
- Actual EPS
- MXN 8.19
- Consensus EPS
- MXN 7.56
- Beat/Miss
- Beat by +MXN 0.63
- One Year Ago EPS
- MXN 3.91
MX:PLTR Q3 2026 Revenue Results
- Actual Revenue
- MXN 43.08B
- Expected Revenue
- MXN 40.55B
- Beat/Miss
- Beat by +MXN 2.53B
- YoY Revenue Growth
- +95.87%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/02/2026
- Time
- After Close
- Conference Call
- Monday, November 2, 2026
Palantir Technologies's next earnings date is estimated for February 17, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was strongly optimistic, supported by record 96% year-over-year revenue growth, accelerating U.S. commercial demand, expanding government adoption, large pilot-to-production conversions, record profitability and raised full-year guidance. The main challenges were comparatively weak international commercial growth, shorter-than-usual contract durations, higher expenses tied to stated investments, limited organizational bandwidth and the planned end of strategic contract revenue. The positive metrics and management outlook significantly outweighed the explicitly stated challenges.
For Q4 2026, Palantir expects revenue of between $2.649 billion and $2.653 billion and adjusted income from operations of between $1.640 billion and $1.644 billion; for full year 2026, it is raising revenue guidance to between $8.530 billion and $8.534 billion, with a guidance midpoint of $8.532 billion, representing 91% growth year-over-year and a 9-point increase over its full year 2026 revenue guidance from last quarter, U.S. commercial revenue guidance to in excess of $3.559 billion, representing a growth rate of at least 143%, adjusted income from operations guidance to between $5.245 billion and $5.249 billion, and adjusted free cash flow guidance to between $4.8 billion and $5 billion, while continuing to expect GAAP operating income and net income in each quarter of this year; revenue from strategic commercial contracts is expected to be less than $500,000 in the fourth quarter, with no further revenue from these contracts beyond the fourth quarter of this year.
- Record Revenue GrowthThird-quarter revenue grew 96% year-over-year and 20% sequentially, the highest growth rates Palantir has delivered as a public company. Revenue reached $2.313 billion and crossed $2 billion for the first time.
- U.S. Business AccelerationU.S. revenue grew 119% year-over-year and 23% sequentially to $1.937 billion, representing 84% of total revenue. U.S. commercial revenue grew 148% year-over-year and 29% sequentially to $984 million, while U.S. government revenue grew 96% year-over-year and 18% sequentially to $953 million.
- U.S. Commercial Revenue Surpassed U.S. Government RevenueU.S. commercial revenue eclipsed U.S. government revenue for the first time. U.S. commercial revenue increased by $587 million in one year, from $397 million in the third quarter of 2025 to $984 million in the third quarter of 2026.
- Commercial Segment Crossed $1 BillionThird-quarter commercial revenue grew 113% year-over-year and 24% sequentially to $1.168 billion, crossing the $1 billion mark for the first time.
- Strong Commercial Bookings and Deal ValueCommercial TCV bookings totaled $1.652 billion, up 17% year-over-year. U.S. commercial TCV bookings totaled $1.463 billion, up 11% year-over-year, while the past 12 months of U.S. commercial TCV bookings reached $6.114 billion, a 62% increase from the prior 12-month period. Total remaining deal value in U.S. commercial grew 79% year-over-year and 4% sequentially.
- Customer Expansion and RetentionThe average trailing 12-month revenue from Palantir's top 20 customers increased 76% year-over-year to $146 million per customer. U.S. commercial customer count grew 29% year-over-year and 5% sequentially to 686 customers. Net dollar retention was 165%, an increase of 800 basis points from the prior quarter.
- Large Customer Conversions from PilotsAn industrial materials company converted a nearly $3 million pilot into a $29 million ACV deal. A global athletic company converted a $1.6 million pilot into an approximately $21 million ACV deal. A global home appliance company expanded from a $1 million pilot to a $3 million ACV deal and then to a $15 million ACV deal. An apparel company converted a $2.5 million pilot into an $11.5 million ACV deal.
- Government Business Reached New MilestonesGovernment revenue grew 81% year-over-year and 16% sequentially to $1.146 billion, crossing $1 billion for the first time. Third-quarter U.S. government revenue reached $953 million, and the Army awarded Palantir a prime agreement to produce eight TITAN systems.
- Maven Adoption and Defense Platform ExpansionMaven exceeded 100,000 users and became available to all services beyond the combatant commands, as well as many combat support agencies. A Maven hackathon included 46 teams across the joint force and a 25,000-strong builder community. Palantir also reported demand for Maven at the tactical edge in disconnected environments and success with DORA, its Disconnected Ontology Resilient Architecture.
- International Government GrowthInternational government revenue grew 31% year-over-year and 6% sequentially to $192 million.
- Sovereign AI Customer OutcomesL3Harris reported that a sovereign model fine-tuned on its own data outperformed the frontier model it had been using in less than 48 hours and reduced costs by 95% in preliminary results. Tampa General improved model performance by 7% and reduced latency by 22x while keeping sensitive data and model processing local. McCarthy Building Companies is expected to save 30,000 hours annually through post-trained AI for contract and subcontractor work.
- Product and Technology ProgressPalantir described continued investment in AIP Evolve, AutoResearch and a closed-loop model factory that supports automated post-training, evaluation and deployment. At a PACOM exercise, Palantir deployed a 30-billion-parameter post-trained model into space- and power-constrained compute with superior task-specific performance to GPT 5.6 Sol, a 3-trillion-parameter model. A DevCon participant also built a production-ready model that was better than frontier for its use case in 48 hours.
- Revenue Guidance RaisedFull-year 2026 revenue guidance was raised to between $8.530 billion and $8.534 billion, representing 91% year-over-year growth and a 9-point increase to the midpoint from the prior quarter. U.S. commercial revenue guidance was raised to in excess of $3.559 billion, representing growth of at least 143%.
- Profitability and Cash Flow StrengthAdjusted gross margin was 85%, adjusted operating income was $1.427 billion with a 62% margin, and GAAP operating income was $1.085 billion with a 47% margin. GAAP net income was $1.128 billion with a 49% margin, nearly eight times the $144 million reported in the third quarter of 2024. Cash from operations was $1.205 billion, adjusted free cash flow was $1.216 billion with a 53% margin, and cash, cash equivalents and U.S. Treasury securities totaled $10.4 billion.
- Raised Profit and Cash Flow OutlookAdjusted income from operations guidance was raised to between $5.245 billion and $5.249 billion for full-year 2026. Adjusted free cash flow guidance was raised to between $4.8 billion and $5 billion, while the company continued to expect GAAP operating income and net income in each quarter of the year.
- Improving Rule of 40 PerformanceCombined revenue growth and adjusted operating margin reached 158%, a 3-point increase from the prior quarter and the 13th consecutive quarter of an expanding Rule of 40 score.
- Continued Investment in AI and Technical TalentPalantir stated that it remains committed to investing in its AI platform, product pipeline, Sovereign AI efforts, research and development, and elite technical talent. The company welcomed its latest class of new graduate hires while continuing to target sustained GAAP profitability.
MX:PLTR Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 17, 2027 | 2026 (Q4) | 9.68- | 4.66 | ― | ― |
| Nov 02, 2026 | 2026 (Q3) | 7.568.19 | 3.91 | 109.52% (+4.28) | |
| Aug 03, 2026 | 2026 (Q2) | 6.437.64 | 2.98 | 156.25% (+4.66) | |
| May 04, 2026 | 2026 (Q1) | 5.166.15 | 2.42 | 153.85% (+3.72) | |
| Feb 02, 2026 | 2025 (Q4) | 4.284.66 | 2.61 | 78.57% (+2.05) | |
| Nov 03, 2025 | 2025 (Q3) | 3.133.91 | 1.86 | 110.00% (+2.05) | |
| Aug 04, 2025 | 2025 (Q2) | 2.572.98 | 1.68 | 77.78% (+1.30) | |
| May 05, 2025 | 2025 (Q1) | 2.402.42 | 1.49 | 62.50% (+0.93) | |
| Feb 03, 2025 | 2024 (Q4) | 2.072.61 | 1.49 | 75.00% (+1.12) | |
| Nov 04, 2024 | 2024 (Q3) | 1.691.86 | 1.3 | 42.86% (+0.56) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
