Palantir Technologies Inc. PLTR is scheduled to report its third-quarter 2026 results on Nov. 2, after the bell.
We expect a significant year-over-year improvement in the company’s top line in the to-be-reported quarter, driven by healthy business from both existing and new customers, strengthening both the Government and Commercial segments. The consensus estimate for total revenues stands at $2.17 billion, indicating 83.9% year-over-year growth.
According to the consensus estimate, government revenues are projected to be $1.04 billion, suggesting 63.9% year-over-year growth. The consensus estimate for Commercial revenues is pegged at $1.1 billion, suggesting more than 100% year-over-year growth. Revenues are likely to have benefited from increased adoption of products and services by new and existing customers.
Palantir’s growth story rests on more than rapid AI-related revenue growth. The company is becoming deeply embedded within critical customer operations, while expanding deployments suggest rising platform value after initial adoption. Its ability to connect artificial intelligence with governed enterprise workflows creates meaningful differentiation and potentially high switching costs. Improving deployment efficiency could broaden customer adoption, while government and commercial momentum provide multiple growth avenues.
Palantir Technologies Inc. Price and EPS Surprise
Palantir Technologies Inc. price-eps-surprise | Palantir Technologies Inc. Quote
How Do Industry Peers Compare?
Snowflake SNOW and C3.ai AI are two U.S.-listed companies competing for enterprise AI spending. Snowflake is strengthening its AI capabilities with Snowflake Intelligence and Cortex Code, helping organizations build intelligent applications on enterprise data. Snowflake's integrated data infrastructure supports broader AI deployment and customer engagement.
Meanwhile, C3.ai offers enterprise AI applications designed to improve operational efficiency across industries. Its industry-specific software solutions address complex business challenges through predictive analytics and automation. While Snowflake benefits from its established cloud data ecosystem, C3.ai focuses on expanding enterprise application adoption. Both companies face increasing competition as businesses accelerate AI investments.
PLTR stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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