Palantir Technologies (PLTR) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and Palantir Technologies published the results on November 2, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Palantir Technologies reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Palantir's adjusted EPS adds back stock-based compensation and related employer payroll taxes, then applies an estimated long-term tax rate of 23.0%. Because Palantir's actual tax provision was small, the tax adjustment nearly offsets the add-backs, and adjusted and GAAP EPS were both $0.44.
• The year-ago adjusted EPS of $0.21 is the figure in Palantir's Q3 2025 release.

Source: Palantir Q3 2026 earnings release, November 2, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Palantir Technologies splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Palantir Technologies's Commercial revenue was $1.2 billion in Q3 2026, up 113% from $548 million in Q3 2025, 50% of total revenue.
• Palantir Technologies's Government revenue was $1.1 billion in Q3 2026, up 81% from $633 million in Q3 2025, 50% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Palantir Technologies said:

“Revenue of between $2.649 - $2.653 billion.”

“Adjusted income from operations of between $1.640 - $1.644 billion.”

“We are raising our revenue guidance to between $8.530 - $8.534 billion.”

“We are raising our U.S. commercial revenue guidance to in excess of $3.559 billion, representing a growth rate of at least 143%.”

Source: Palantir Q3 2026 earnings release, Nov 2, 2026.

This is the company's own guidance as of Nov 2, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the PLTR forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Revenue and GAAP diluted EPS attributable to common stockholders, each as first reported in that quarter's release. Palantir's Q4 release reports the fourth quarter directly, so no quarter here is derived.

Palantir Technologies's next report is expected around February 1, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 2, 2026

Palantir reports two segments, commercial and government. In Q3 2026 commercial revenue was $1,167.9 million and government revenue $1,145.5 million, for total revenue of $2,313.4 million, up 96%. Commercial revenue rose $619 million, or 113%, and government revenue rose $513 million, or 81%. (Palantir Form 10-Q, Q3 2026, Nov 3, 2026)

Palantir's revenue is concentrated in the U.S.: U.S. customers produced $1,937.2 million, or 84% of the quarter's revenue, against 75% a year earlier, and no country outside the U.S. reached 10%. U.S. commercial revenue was $984 million, up 148% from $397 million, and U.S. government revenue $953 million, up from $486 million. Palantir said U.S. commercial revenue passed U.S. government revenue for the first time. (Palantir Form 10-Q, Q3 2026, Nov 3, 2026; Palantir Q3 2026 earnings release, Nov 2, 2026)

Most of Palantir's growth came from customers it already had. Of the $619 million commercial increase, $407 million came from commercial customers existing as of December 31, 2025, and of the $513 million government increase, $484 million came from existing government customers. Average trailing twelve-month revenue from the top twenty customers was $146 million, up 76% from $83 million, and no single customer was more than 10% of revenue. (Palantir Form 10-Q, Q3 2026, Nov 3, 2026)

Palantir sells four software platforms: Gotham, Foundry, Apollo and AIP, its generative AI platform. In Q3 2026 it closed total contract value of $2.918 billion, up 6%, including $1.463 billion of U.S. commercial TCV, and closed 212 deals of at least $1 million. Remaining performance obligations were $4.9 billion at September 30, 2026, of which Palantir expects to recognize about 44% as revenue over the next 12 months. (Palantir Form 10-K, 2025, Feb 17, 2026; Palantir Q3 2026 earnings release, Nov 2, 2026; Palantir Form 10-Q, Q3 2026, Nov 3, 2026)

Palantir's GAAP diluted EPS was $0.44 in Q3 2026, against $0.18 a year earlier, on net income attributable to common stockholders of $1,128 million. Adjusted EPS was also $0.44. The adjusted figure adds back stock-based compensation of $318.9 million and related employer payroll taxes of $23.1 million, then subtracts $327.7 million of income tax effects calculated at an estimated long-term rate of 23.0%. The actual provision for income taxes was $13.6 million. (Palantir Q3 2026 earnings release, Nov 2, 2026)

Palantir's GAAP income from operations was $1,084.8 million, a 47% margin, and adjusted income from operations $1,426.8 million, a 62% margin, against 51% a year earlier. Below the operating line, interest income was $88.9 million and other income (expense) was an expense of $25.8 million, against income of $27.5 million a year earlier. (Palantir Q3 2026 earnings release, Nov 2, 2026)

Palantir's diluted share count was 2,573,926 thousand in the quarter, against 2,571,057 thousand a year earlier. Stock-based compensation was $318.9 million, up from $172.3 million. Repurchases of common stock in the first nine months of 2026 came to $1.5 million. (Palantir Q3 2026 earnings release, Nov 2, 2026; Palantir Form 10-Q, Q3 2026, Nov 3, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Palantir gives a numeric outlook in its release. For Q4 2026 it expects revenue of between $2.649 billion and $2.653 billion and adjusted income from operations of between $1.640 billion and $1.644 billion. (Palantir Q3 2026 earnings release, Nov 2, 2026)

For full year 2026 Palantir raised its revenue guidance to between $8.530 billion and $8.534 billion, its U.S. commercial revenue guidance to in excess of $3.559 billion, a growth rate of at least 143%, and its adjusted free cash flow guidance to between $4.8 billion and $5.0 billion. It also expects GAAP operating income and net income in each quarter of the year. Palantir says a reconciliation of its non-GAAP guidance to GAAP is not available without unreasonable effort. (Palantir Q3 2026 earnings release, Nov 2, 2026)

A consensus figure is the average of the models published by the analysts who cover Palantir Technologies, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Palantir Technologies's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning PLTR is on is PLTR a buy or a sell?, what analysts expect next is on the PLTR forecast, and what the company does is on the Palantir Technologies (PLTR) stock page.

Every number on this page can be traced to a document Palantir Technologies published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.