Palantir’s AI-Driven Earnings Beat Falls Flat as PLTR Stock Dips
Palantir Technologies delivered a robust third-quarter performance, surpassing Wall Street expectations with $1.18 billion in revenue and adjusted earnings of 21 cents per share. Despite a 63% year-over-year revenue surge and U.S. commercial sales jumping 121%, PLTR stock retreated 4.3% in after-hours trading—a stark reminder that valuation concerns can eclipse fundamental strength in today's markets.
The company's AI-powered growth narrative remains intact, with net income more than tripling to $475.6 million and U.S. commercial contract values quadrupling to $1.31 billion. "We're seeing transformational impact," said Chief Revenue Officer Ryan Taylor, though investors appeared unmoved by the fourth consecutive quarter of commercial business outperforming government segments.
