Odaily Planet Daily reports that qinbafrank posted on X that Palantir’s revenue for the quarter increased 96% year-over-year to $2.313 billion, surpassing the market expectation of $2.18 billion. The company provided a Q4 revenue guidance of $2.649 billion to $2.653 billion and raised its full-year revenue guidance to $8.530 billion to $8.534 billion, above the market expectation of $8.2 billion. qinbafrank noted that his previous forecasts for the quarter’s revenue, Q4 revenue, and full-year revenue were approximately $2.3 billion, $2.6 billion to $2.8 billion, and $8.568 billion, respectively.
QinbaFrank stated that Palantir exceeded expectations this quarter in revenue, profit, EPS, commercial customer business, government business, and guidance for next quarter, with record backlog and cash reserves; commercial customer revenue surpassed government revenue for the first time. After the earnings release, Palantir's stock declined in after-hours trading.
According to MSX.COM, Palantir fell 3.13% during trading and declined an additional 2.65% in after-hours trading.