Palantir raises its outlook as commercial AI revenue overtakes government sales

Reuters reported that Palantir expects fourth-quarter revenue of $2.649 billion to $2.653 billion, compared with an analyst consensus of $2.46 billion. Third-quarter revenue rose about 96% to $2.31 billion, and the company raised its full-year forecast.

US commercial revenue reached $984 million, exceeding US government revenue of $953 million for the first time. Commercial total contract value grew 11% from a year earlier, a sharp slowdown from the previous quarter, and shares fell in after-hours trading.