Palantir Q3 revenue jumps 96% as US commercial contracts fall
What happened
Palantir's third-quarter revenue rose 96% year over year to $2.31 billion, per a Nov 4 report. US commercial revenue grew 148% to $984 million, passing US government revenue of $953 million for the first time. US commercial contract total value fell to $1.46 billion from $2.13 billion the prior quarter. CEO Alex Karp said deployments are faster and contract terms shorter, leaving room to expand later; the report also notes customers are more willing to cancel.
Written by AI from the coverage · updated 1 hour ago
Coverage
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- TechCrunch · AIHiding inside Palantir’s skyrocketing quarter is a foreboding signal
Palantir第三季度营收同比增长96%至$2.31 billion，但美国企业合同总价值从上季度的$2.13 billion降至$1.46 billion。美国商业收入同比增长148%至$984 million，首次超过美国政府收入的$953 million。CEO Alex Karp表示，企业部署速度加快、合同期限缩短，后续仍能大幅扩展合同；文章指出，企业也更愿意取消合同。
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