Palantir commercial AI growth outlook

Description Palantir is trying to sustain profit and guidance growth as U.S. commercial customers adopt its AI-focused data software faster than government clients. Overview Palantir reported sharply higher third-quarter profit as businesses increased use of its data management and AI software. U.S. commercial revenue overtook U.S. government revenue for the first time, signaling a shift in its growth mix. Revenue rose 96% to $2.31 billion, Palantir raised its full-year 2026 outlook and management set a $15 billion U.S. commercial run-rate target by 2028. Why it matters The outlook affects Palantir shareholders, enterprise AI buyers and public-sector software competitors testing whether commercial AI demand can sustain growth. Key details • Quarterly profit was $1.13 billion, or 44 cents a share. • Adjusted earnings were 44 cents a share versus an expected 41 cents. • U.S. commercial revenue rose 148% to $984 million. • U.S. government revenue was $953 million. • Palantir signed 212 deals worth at least $1 million in the quarter.