Palantir's Record Q3 Beat Fades as Shares Slip 3% on 97x Forward P/E
PLTR sits 63% above its 52-week low of $106.37.
Summary
Palantir delivered a blowout Q3: revenue of $2.31 billion, up 96% year over year and ahead of the $2.18 billion consensus, with adjusted EPS of $0.44 versus $0.41 expected. Net income hit $1.128 billion and free cash flow $1.216 billion. The notable shift is mix — US commercial revenue of $984 million (+148%) overtook US government revenue of $953 million (+96%) for the first time, easing the dependence on federal budgets. Management raised FY 2026 revenue guidance to $8.530–$8.534 billion, roughly 91% growth. The stock initially jumped as much as 4% on the print, then reversed to a 3% decline as investors sold into a 97x forward P/E and broader de-risking in AI names. Deal momentum is the soft spot: 64 contracts of at least $10 million took total contract value to $2.92 billion, but net new signings barely grew.
At the time of this announcement, PLTR was trading at $173.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $428.6B. The 52-week trading range was $106.37 to $212.94. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Coinpedia.