Palantir stock drops 7.09% as growth outlook faces scrutiny
Published on 11/05/2026 at 17:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey takeaways from the quarter
- Third-quarter revenue crossed USD 2 billion for the first time as sales rose 96 percent year over year.
- U.S. commercial revenue exceeded U.S. government revenue for the first time, driven by 148 percent annual growth.
- Management raised its full-year revenue outlook and expects fourth-quarter revenue of USD 2.649 billion to USD 2.653 billion.
Palantir Technologies delivered a stronger third quarter on November 2, 2026, with revenue growth accelerating to 96 percent year over year. The company also raised its full-year outlook, according to the Business Wire release.
Commercial growth changes the mix
Revenue reached USD 2.313 billion for the quarter ended September 30, 2026, up 20 percent from the previous quarter. U.S. revenue rose 119 percent to USD 1.937 billion, with commercial revenue increasing 148 percent to USD 984 million. U.S. government revenue grew 96 percent to USD 953 million, leaving commercial sales ahead for the first time.
Total commercial revenue rose 113 percent to USD 1.168 billion. Palantir closed 212 deals worth at least USD 1 million, while total contract value reached USD 2.918 billion, up 6 percent year over year. U.S. commercial remaining deal value rose 79 percent to USD 6.517 billion.
Higher guidance raises the bar
Palantir lifted its full-year 2026 revenue outlook to USD 8.530 billion to USD 8.534 billion, implying 91 percent annual growth at the midpoint. The company now expects U.S. commercial revenue of more than USD 3.559 billion, adjusted operating income of USD 5.245 billion to USD 5.249 billion and adjusted free cash flow of USD 4.8 billion to USD 5.0 billion.
For the fourth quarter, management guided to revenue of USD 2.649 billion to USD 2.653 billion and adjusted operating income of USD 1.640 billion to USD 1.644 billion. Investors will focus on whether commercial demand continues to convert into recognized revenue as the company enters the next reporting cycle.
Quote moves after the report
Palantir stock traded at 138.14 euros on Lang & Schwarz at 17:08 CET on Thursday, November 5, 2026, 7.09 percent below the 148.68-euro quote cited at 14:38 CET in the latest Palantir report published the same day. The real-time quote of Palantir Technologies stock remains available for current market monitoring.
Palantir Technologies key facts
- Company: Palantir Technologies Inc.
- ISIN: US69608A1088
- Ticker: PLTR
- Home exchange: Nasdaq
- Lang & Schwarz quote: 138.14 euros at 17:08 CET on November 5, 2026
- Change since latest report: 7.09 percent lower than 148.68 euros at 14:38 CET on November 5, 2026
- Third-quarter revenue: USD 2.313 billion for the period ended September 30, 2026
- Full-year revenue guidance: USD 8.530 billion to USD 8.534 billion
Broader U.S. technology shares can be tracked through the S&P 500 market environment.
