Palantir reports booming U.S. commercial revenue growth, topping government for first time
Palantir's commercial revenue jumped 148% to $984 million, surpassing government revenue of $953 million.
TL;DR
- Palantir exceeded Q3 earnings and revenue expectations.
- U.S. commercial revenue surpassed U.S. government revenue for the first time ($984 million vs. $953 million).
- U.S. commercial revenue saw a 148% increase year-over-year.
- Palantir raised its full-year guidance for U.S. commercial revenue.
- CEO Alex Karp commented on the company's success without salespeople and reiterated calls to nationalize AI labs.