Palantir beat Q3 expectations with $1.18B revenue and 21 cents EPS

Palantir stock jumped 7% on Monday after it reported third-quarter numbers that beat Wall Street estimates and pushed guidance higher for the fourth ￰0￱ to the earnings report, the company posted $1.18 billion in revenue, outpacing the $1.09 billion analysts had ￰1￱ hit 21 cents per share, topping the 17 cents ￰2￱ software company, known for supplying data tools to the ￰3￱ and large corporations, said it now expects $1.33 billion in Q4 revenue, well above the $1.19 billion analysts had been projecting. That’s despite the ongoing government shutdown, which is now in its second month and still putting federal contracts at ￰4￱ said government revenue rose 52% year-over-year, totaling $486 million in ￰5￱ boosts full-year forecast as commercial business explodes Palantir has relied heavily on defense contracts over the years, and those deals are still coming ￰6￱ of the largest remains its multi-year agreement with the U.

S. Army, which could reach up to $10 ￰7￱ company has also drawn fire for how its software is used by agencies like Immigration and Customs Enforcement, but those criticisms weren’t addressed this ￰8￱ full-year outlook has now been ￰9￱ expects $4.4 billion in revenue for 2025, up from the previous Wall Street estimate of $4.17 ￰10￱ cash flow is now projected to land between $1.9 billion and $2.1 billion by year’s ￰11￱ Alex Karp said the company’s growth was driven by real demand, not ￰12￱ revenue more than doubled to $397 million in ￰13￱ total value of signed commercial contracts shot up to $1.31 billion, over four times higher than a year ￰14￱ company has signed new partnerships in recent weeks with Snowflake, Lumen, and Nvidia, aiming to strengthen its commercial reach even ￰15￱ revenue rose 63% from the same quarter last year, when the company made $725.5 ￰16￱ income jumped more than 230% to $475.6 million, or 18 cents per share, compared to $143.5 million, or 6 cents per share, the year ￰17￱ shares have now surged more than 170% since the start of 2025, giving it a market cap above $490 ￰18￱ puts it among the largest tech companies globally by ￰19￱ analysts have flagged concerns over the stock’s extreme valuation, especially when compared to much larger software firms with higher ￰20￱ his letter to shareholders, Alex wrote : “The reality is that Palantir has made it possible for retail investors to achieve rates of return previously limited to the most successful venture capitalists in Palo ￰21￱ we have done so through authentic and substantive growth.” That comment followed his jab at critics, who he said had been “left in a kind of deranged and self-destructive befuddlement.” Get $50 free to trade crypto when you sign up to Bybit now