❯ Palantir revenue rises 96% as US commercial sales overtake government sales

Commercial customers contribute almost $1 billionPalantir reported November 2 third-quarter revenue of $2.313 billion, up 96% year over year. US commercial revenue grew 148% to $984 million, exceeding US government revenue of $953 million for the first time. Its earnings release shows sequential growth of 20% overall and 29% in US commercial sales.

Connect models to business operationsPalantir sells enterprise analytics and operational software. Its AIP platform connects AI models with customer data, permissions and workflows, allowing businesses to use AI within their working environments. Customers pay for software that links models and data with operational actions. Rapid US commercial growth reflects demand for this kind of deployment.

Raise the annual outlook while generating operating profitQuarterly GAAP operating income reached $1.085 billion and operating cash flow reached $1.205 billion. Management raised full-year revenue guidance to $8.530 billion–$8.534 billion and expects US commercial revenue above $3.559 billion. With commercial sales now larger than government sales in the US, enterprise expansion has a more direct influence on overall growth.

▮ SIGNALEnterprise AI spending increasingly rewards software that connects models with internal data and concrete operational actions.