Palantir Boosts Its Outlook for 3rd Straight Quarter as AI Demand Drives Record Revenue

Core Insights - Palantir reported record quarterly results that exceeded analysts' expectations and raised its full-year revenue outlook for the third consecutive quarter [8][4]. Financial Performance - The company achieved adjusted earnings per share of $0.21 and revenue of $1.18 billion for the third quarter, reflecting a 63% year-over-year increase, significantly surpassing analysts' estimates [2][8]. - Palantir's U.S. commercial revenue surged 121% to $397 million, while U.S. government revenue increased by 52% to $486 million [3][12]. Future Outlook - For the fourth quarter, Palantir anticipates revenue between $1.327 billion and $1.331 billion, raising its full-year revenue guidance to $4.396 billion to $4.4 billion, up from a previous estimate of $4.14 billion to $4.15 billion [5][12]. Market Reaction - Following the earnings release, Palantir's shares rose over 5% in extended trading, contributing to a year-to-date increase of over 170%, positioning it as one of the top-performing stocks in the S&P 500 for 2025 [6][4].