Palantir posts ‘highest-ever’ revenue growth rate of 96% as investors’ patience rests on a hair trigger

Palantir Technologies said Monday that third quarter revenue rose 96% year over year to $2.3 billion, surpassing last year’s 63% growth and $1.2 billion in revenue. Chief financial officer David Glazer called it the “highest-ever” reported year-over-year growth rate as well as the highest ever sequential revenue growth rate of 20%. Moreover, quarterly revenue crossed the $2 billion milestone marker for the first time.

It raised its full-year revenue forecast to between $8.53 billion and $8.534 billion, roughly 91% growth, from as high as $8.2 billion a quarter ago. However, investors didn’t seem swayed immediately. In after-hours trading shares began to climb, rising about 1.5% immediately after the figures were published, before dropping 3.6%.

In the third quarter, Palantir reported adjusted and GAAP earnings per share of 44 cents. That compares to third quarter 2025, when adjusted EPS was 21 cents and GAAP EPS was 18 cents. Analysts were expecting revenue of $2.18 billion and adjusted earnings of 41 cents per share.

In his quarterly letter to investors, CEO Alex Karp touted the firm’s results, writing “it would be an understatement” to say Palantir’s results in Q3 “were extraordinary.” He said the company’s growth rate of 96% was “absolutely striking.” Palantir had guided........

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