Palantir expects its U.S. commercial business to reach a $15 billion annual revenue run rate by 2028, with Chief Executive Officer Alex Karp stating the company must expand its partner ecosystem to keep pace with enterprise AI demand. The growth target follows a third quarter in which Palantir signed 212 deals worth at least $1 million and saw its U.S. commercial remaining deal value grow 79% to $6.52 billion. During the period, revenue from U.S. commercial clients surged 148% to $984 million, surpassing the $953 million earned from U.S. government contracts for the laest laest… first time in the company’s history.
The company reported a total Q3 revenue of $2.31 billion, beating analyst estimates of $2.18 billion, and posted GAAP net income of $1.128 billion. Palantir raised its full year 2026 revenue outlook to between $8.530 billion and $8.534 billion, and its adjusted operating profit forecast to $5.25 billion. While the firm posted a Rule of 40 score of 158% and laest laest… adjusted earnings per share of $0.44, its total contract value declined 13.4% from the second quarter.