Palantir Q3 Earnings Show Record Revenue but Decelerating Enterprise Contract Value
This is a business/financial news article about Palantir Technologies' third-quarter earnings report, not a cybersecurity incident. Revenue grew 96% year-over-year to $2.31 billion, surpassing analyst expectations, and U.S. commercial revenue exceeded U.S. government revenue for the first time ($984 million vs $953 million). CEO Alex Karp attributed enterprise growth to demand for AI software that runs frontier models and trains custom models securely without sharing data with outside AI labs. However, total contract value from U.S. enterprises declined to $1.46 billion from a record $2.13 billion the previous quarter, signaling potential deceleration in enterprise sales despite shorter, faster-signed trial contracts.
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Palantir Q3 Earnings Show Record Revenue but Decelerating Enterprise Contract Value
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This is a business/financial news article about Palantir Technologies' third-quarter earnings report, not a cybersecurity incident. Revenue grew 96% year-over-year to $2.31 billion, surpassing analyst expectations, and U.S. commercial revenue exceeded U.S. government revenue for the first time ($984 million vs $953 million). CEO Alex Karp attributed enterprise growth to demand for AI software that runs frontier models and trains custom models securely without sharing data with outside AI labs. However, total contract value from U.S. enterprises declined to $1.46 billion from a record $2.13 billion the previous quarter, signaling potential deceleration in enterprise sales despite shorter, faster-signed trial contracts.