# Palantir's commercial business overtakes government revenue

> Data analytics firm Palantir reports US commercial revenue exceeding government work for the first time, with strong earnings beating analyst expectations.
- Title: Palantir's commercial business overtakes government revenue
- Summary: Data analytics firm Palantir reports US commercial revenue exceeding government work for the first time, with strong earnings beating analyst expectations…
- Keywords: palantir, earnings, commercial revenue, us government, alex karp, ai software, technology, startups, Palantir's, commercial, business, overtakes
- Source: The Next Web — https://thenextweb.com/news/palantir-q3-2026-earnings-us-commercial-revenue-tops-government
- Author: Cristian Dina
- Published: 2026-11-02T21:51:37+00:00
- Read time: 1 min
- Topics: palantir, earnings, commercial revenue, us government, alex karp, ai software, technology, startups
## Commercial beats government for first time
Palantir's US commercial revenue rose 148% year-on-year to nine hundred eighty-four million dollars in Q3, exceeding US government revenue of nine hundred fifty-three million dollars for the first time.
## Total revenue beats expectations
Total revenue rose 96% to two point three one billion dollars, the first quarter above two billion dollars. Analysts had expected two point one eight billion dollars according to LSEG estimates reported by CNBC.
## Earnings and profit surge
Adjusted earnings of forty-four cents a share beat the forty-one cents analysts expected. Net income more than doubled to one point one three billion dollars, or forty-four cents a share, from four hundred seventy-six million…
## Karp claims unprecedented software results
Chief executive Alex Karp told CNBC: "I don't believe anyone's had consistent results like this in the history of software AI, ever." He also said the business is succeeding without salespeople.

> I don't believe anyone's had consistent results like this in the history of software AI, ever.
## Palantir raises full-year forecast
Palantir raised its full-year revenue forecast to between eight point five three billion and eight point five three four billion dollars, growth of 91%.
## Key takeaway

Palantir's US commercial revenue surpassed government revenue in Q3, growing 148% year-on-year to nine hundred eighty-four million dollars, as total revenue hit two point three one billion dollars.