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FortuneAmanda Gerut

Palantir posts ‘highest-ever’ revenue growth rate of 96% as investors’ patience rests on a hair trigger

PalantirTechnologies said Monday that third quarter revenue rose 96% year over year to $2.3 billion, surpassing last year’s 63% growth and $1.2 billion in revenue.

It raised its full-year revenue forecast to between $8.53 billion and $8.534 billion, roughly 91% growth, from as high as $8.2 billion a quarter ago.

However, investors didn’t seem swayed immediately. In after-hours trading shares began to climb, rising about 1.5% immediately after the figures were published, before dropping 3.6%.

In the third quarter, Palantir reported adjusted and GAAP earnings per share of 44 cents. That compares tothird quarter 2025, when adjusted EPS was 21 cents and GAAP EPS was 18 cents.

Analysts were expecting revenue of $2.18 billion and adjusted earnings of 41 cents…

Read the full story at Fortune