Palantir Revenue Beats Estimates on AI Demand

Palantir Technologies forecasts fourth-quarter revenue between $2.649 billion and $2.653 billion, surpassing analyst estimates of $2.46 billion. Commercial client revenue surpassed government revenue for the first time, driven by AI adoption. Total third-quarter revenue jumped 96 per cent to $2.31 billion, while the company raised its annual revenue expectations to between $8.530 billion and $8.534 billion.