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Palantir Stock Falls 6.27% as Q3 Earnings Near
What to expect from Palantir earnings today?
Palantir (PLTR) stock fell 6.27% on Friday to $184.11 before its Q3 earnings report today, where Wall Street expects $2.18B revenue after US commercial sales jumped 149% last quarter.
Key numbers
| Q3 revenue estimate | $2.18B+84.7% YoY |
|---|---|
| Q3 EPS estimate | $0.41Yahoo cites $0.33 (per [2]) |
| Q2 US commercial revenue | $764M+149% YoY |
| Company Q3 revenue forecast | $2.160-2.164BQ2 revenue was $1.935B |
| Options-implied move | ±11.65%about $23 a share |
| Last close (Oct 30) | $184.11-6.27% on the day |
What happened
Palantir (PLTR) stock fell 6.27% on Friday to $184.11 before its Q3 earnings report today, where Wall Street expects $2.18B revenue after US commercial sales jumped 149% last quarter. That jump took sales to US business customers (US commercial revenue) to $764 million, while total sales grew 93% to $1.935 billion. Palantir's own forecast (guidance) is about $2.16 billion for Q3, so the $2.18 billion estimate assumes a small beat. Options traders are pricing in a swing of about 11.65% in either direction after the report.
Why it matters
Palantir is one of the market's most closely watched AI software companies, and its stock is priced as if fast growth will continue. It trades at about 97 times expected yearly profits (forward P/E), far above most software peers. Because of that, results that only match estimates could still disappoint investors. Analysts say US commercial growth needs to stay well above 100%.
Who this affects
- MarketmixedMedium impact
- AI software investors face a large move either way.
- CompanymixedHigh impact
- Shareholders need a big guidance raise to justify the price.
- CompetitorsneutralMedium impact
- Snowflake and C3.ai get compared against Palantir's growth.
- IndustryneutralMedium impact
- Business AI spending trends get a public test.
Palantir vs Snowflake, ServiceNow, C3.ai
How we got here
Palantir reports Q2: revenue up 93%, US commercial up 149%, and raises 2026 outlook.
Palantir shares close at $184.11, down 6.27%, ahead of earnings.
Palantir reports Q3 results after the market close.
What to watch
- Q3 revenue against the $2.18B estimate and the company's $2.16B forecast2026-11-02
- Whether US commercial growth stays well above 100%, versus 149% last quarter2026-11-02
- Size of the raise to 2026 revenue guidance, now $8.150-8.158B2026-11-02
Educational content only. Not investment advice.
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