Palantir Stock Falls 4% Despite Record Q3 Revenue Growth of 63%
The company's U.S. commercial revenue surged 121%, but lofty investor expectations led to a "sell the news" reaction in after-hours trading.
Record Revenue Driven by AI Platform
Palantir Technologies (PLTR) reported record third-quarter earnings after the market closed on November 3, 2025. Revenue grew 63% year-over-year to $1.181 billion, surpassing the $1.1 billion consensus expectation. Adjusted earnings were $0.21 per share, beating the $0.17 consensus forecast. The company's growth was attributed directly to its Artificial Intelligence Platform (AIP). The U.S. commercial segment, Palantir's largest, saw revenue surge 121% year-over-year to $397 million. "These results make undeniable the transformational impact of using AIP to compound AI leverage," said CEO Alex Karp in a shareholder letter.
Stock Declines on High Expectations
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