Palantir Q3 Earnings: Revenue Jumps 63% to $1.181B, Beating Estimates, Stock Down 2.9% Despite Huge Growth

Palantir's Q3 earnings beat Wall Street estimates, with total revenue up 63% to $1.181 billion and adjusted EPS at $0.21, up 110% YoY. The company reported massive growth in U.S. commercial revenue, customer base, and total contract value. Despite this, Palantir stock crashed 2.9% in after-hours trading due to investors taking profits and concerns over the ongoing U.S. government shutdown.