Palantir Reports 96% Revenue Jump to $2.3 Billion

Palantir just pulled off a ninety-six percent revenue jump to hit two billion three hundred million dollars for the third quarter. CEO Alex Karp called the numbers absolutely striking as the firm beat analyst estimates across the board. The real shift happened in the commercial sector. For the first time, U.S. commercial revenue raced past government sales to reach nine hundred eighty-four million dollars. That commercial side surged one hundred forty-eight percent from a year ago. The blowout report lands right after a brutal week for tech giants like Alphabet and Intel where investors started questioning AI spending. Palantir brushed past those fears by raising its full-year revenue forecast to roughly eight billion five hundred million dollars. Karp warned investors that every industry from banks to hospitals will either be remade by AI or set aside.