Data analytics company Palantir (PLTR) has reported third-quarter financial result that beat Wall Street’s forecasts on the top and bottom lines.
The Denver, Colorado-based company announced earnings per share (EPS) of $0.21 U.S., which was ahead of the $0.17 U.S. expected among analysts.
Revenue of $1.18 billion U.S. beat the consensus forecast of $1.09 billion U.S. Sales were up 63% from a year earlier, and above $1 billion U.S. for a second consecutive quarter.
Palantir builds data analytics tools for private sector companies and government agencies.
The company also raised its guidance for the current fourth quarter, saying that sales and profits are largely being driven by demand for artificial intelligence (A.I.).
Management said they now expect revenue of $1.33 billion U.S. for the current quarter, which is ahead of the $1.19 billion U.S. expected among analysts.
The bullish outlook comes despite the government shutdown in Washington, D.C. that is now in its second month, potentially threatening some of Palantir’s contracts.
Revenue in Palantir’s U.S. government business grew 52% in this year’s third quarter from a year earlier to $486 million U.S.
Palantir’s U.S. commercial business saw revenue more than double to $397 million U.S. during Q3. The company has forged partnerships with Snowflake (SNOW) and Nvidia (NVDA), among others private sector technology companies in recent months.
For all of 2025, Palantir said that it now expects $4.4 billion U.S. in sales, topping the $4.17 billion U.S. forecast on Wall Street.
The company also raised its full-year free cash flow outlook to between $1.9 billion U.S. and $2.1 billion U.S.
PLTR stock, which had risen 175% this year, is down 7% in premarket trading on Nov. 4 after the latest financial results were released. The shares are trading at $207.18 U.S. each.
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