#STOCK ⚡️ Palantir (PLTR) Q3 2026 earnings explode — and the stock still fell about 3% after hours.
The headline is a beat on almost every line, with one historic shift: US commercial revenue has overtaken US government revenue for the first time.
Key numbers:
- Revenue: $2.313 billion, up 96%, above expectations
- Adjusted EPS: $0.44, above the $0.41 expected
- US commercial revenue: $984 million, up 148%
- US government revenue: $953 million, up 96%
- Q4 guidance: $2.649 - $2.653 billion in revenue, well above expectations
- Full-year revenue guidance raised to $8.530 - $8.534 billion, up about 91%
The takeaway: the AI commercialisation inflection, built on a data-centre model, has arrived — commercial overtaking government is the biggest signal in the report, growth and profit both beat, and guidance was raised sharply. Yet with a rich valuation, the market followed the classic "buy the rumour, sell the news" pattern, pushing the price down about 3% after hours.
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