Headquartered in Aventura, FL Fiscal year ends December NYSE: PLTR palantir.com
Palantir Technologies Inc. builds software platforms that let government and commercial organizations integrate, analyze and act on large volumes of data and deploy AI in their operations.
Its core offerings are:
- **Foundry**, its data-operations platform.
- **Ontology**, its framework for modeling an organization's data and workflows.
- **AIP (Artificial Intelligence Platform)**, which connects workflows with large language and fine-tuned open-weight models.
The company positions these products around what it calls the 'Sovereign AI' movement. It reports revenue through U.S. Commercial and U.S. Government customer categories. In Q3 2026, U.S. commercial revenue overtook U.S. government revenue, and U.S. customers accounted for most of total revenue.
Palantir sells through multi-year contracts, tracked through total contract value and remaining deal value. It also pursues channel and strategic partnerships. The company is profitable on a GAAP basis, generates substantial free cash flow, and holds roughly $10.4 billion in cash, cash equivalents and U.S. Treasury securities. Updated
A 6.94% intraday jump to $176.46 adds roughly $28 billion to a $406 billion name, and it lands the same morning as a defense tech contractor guidance roundup. Moves this size are rare even for a stock used to volatility.
The leadership baton is being passed to second-tier data center names, and Cramer would rather own companies with clean balance sheets than the big caps issuing debt and equity to stay in the AI race. He is not calling a bottom yet: without a high-volume reversal day, he keeps money elsewhere.
Fabrinet opened 13.32% higher at $355.82, the widest single move across 382 priority names this morning. Thomson Reuters anchors the other end, down 9.84%, with Shopify close behind.
RDDTsouring fast
Traders are turning bearish on Oracle even as it pulls 302 comments, while Palantir is the one AI infrastructure name they're still excited about. Meta draws the heaviest chatter with opinion split both ways, and Reddit's own stock is souring fast.
Source: RedditIf only i could live long enough to see this person and company go bankrupt
U.S. commercial revenue of $984 million just passed government revenue for the first time, which reframes Palantir from a defense contractor into an enterprise AI vendor. The thread's pushback centers on valuation rather than growth, worth weighing before chasing it.
U.S. commercial revenue of $984 million outgrew the government book for the first time ever, putting enterprise AI at the center of the bull case. Management raised full-year revenue guidance to roughly $8.53 billion.
The Sovereign AI movement is imposing the most dramatic dichotomy between haves and have nots that I have witnessed in 30 years of business. Every institution—government and commercial—is rapidly being forced, voluntarily or not, into one of these two categories.
Karp is framing Palantir's Q3 as a land grab for sovereign AI contracts, where governments and enterprises pick a side now or get locked out. For a $412.5 billion stock, that is the growth story holding up the multiple.
Witness our third quarter results: overall revenue soared 96% year-over-year, U.S. commercial revenue grew 148% year-over-year and 29% sequentially, and aggregate U.S. revenue grew 119% year-over-year. Our U.S. commercial revenue has surpassed our U.S. government revenue for the first time in our company's history.
Corporate customers now outspend Washington for the first time ever, which reframes the growth story for a $412.5 billion company. Karp laid out the Q3 math on the earnings call.
The Sovereign AI moment is purpose-built for Palantir. Our products—from Foundry and Ontology to AIP with its ontologized, fine-tuned open-weight models—ignite a self-improvement loop that joins and aligns the workflow with its optimal model and us with our partners.
Karp is staking Palantir's next leg of growth on governments buying their own AI stacks, a market Nvidia and a wave of startups are already chasing. On the Q3 call he framed Foundry, Ontology and AIP as the one integrated answer, which sets the bar for how investors judge the $412.5 billion valuation from here.
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Palantir just posted the fastest revenue growth in its history, sending shares back toward all-time highs, but a jaw-dropping valuation multiple means one stumble could unwind the entire rally.
Palantir Technologies Inc. builds software platforms that let government and commercial organizations integrate, analyze and act on large volumes of data and deploy AI in their operations.
24/7 Wall St.'s 12-month price target for PLTR is $208.25, rated Buy. The Wall Street consensus target is $212.50. PLTR price prediction →
