Palantir Technologies (PLTR) reported third-quarter 2026 earnings per share (EPS) of $0.44, ahead of the $0.41 estimate, on revenue of $2.31 billion, above the $2.18 billion forecast. Shares traded at $173.15 after hours, down 2.91% from the $178.34 close.
Source: Trades in the regular session and after hours, against the close · as of November 2, 2026 at 6:45 PM ET · Five-minute closes. Extended-hours trading is thin; the price can move a long way before the open.
| Measure | Reported | Estimate | Result |
|---|---|---|---|
| Earnings per share | $0.44 | $0.41 | Beat |
| Revenue | $2.31 billion | $2.18 billion | Beat |
Source: Company earnings report and sell-side analyst consensus estimates · as of November 2, 2026 at 6:45 PM ET · Reported after the close on Monday, November 2, 2026.
Against the quarters before
Palantir has beaten estimates in each of the last four quarters. In the quarter reported on August 3, 2026, EPS came in at $0.41 versus $0.34 expected, with revenue of $1.94 billion. On May 4, 2026, EPS was $0.33 against a $0.29 estimate, with revenue of $1.63 billion. On February 2, 2026, EPS reached $0.25 versus $0.23 expected, with revenue of $1.41 billion. In the quarter reported on November 3, 2025, EPS was $0.21 against a $0.17 estimate, with revenue of $1.18 billion.
Each of these quarters shows revenue climbing from the prior period alongside steady earnings beats, a pattern that continued into the latest report.
Source: Company earnings reports and the consensus estimates at the time
| Reported | EPS | Estimate | Revenue | EPS result |
|---|---|---|---|---|
| August 3, 2026 | $0.41 | $0.34 | $1.94 billion | Beat |
| May 4, 2026 | $0.33 | $0.29 | $1.63 billion | Beat |
| February 2, 2026 | $0.25 | $0.23 | $1.41 billion | Beat |
| November 3, 2025 | $0.21 | $0.17 | $1.18 billion | Beat |
Source: Company earnings reports and the consensus estimates at the time
How the stock took it
Despite the earnings and revenue beat, Palantir shares fell 2.91% after hours to $173.15, down from the $178.34 close, putting the company's market value at $410.31 billion.
According to Benzinga's coverage of the earnings call, management lifted its full-year 2026 outlook, pointing to a higher revenue range and stronger expected operating income than previously projected. Executives also highlighted what they called the strategic importance of government-focused artificial intelligence work in driving growth across both commercial and public-sector customers, per Benzinga. Business Wire reported that U.S. commercial revenue grew 148% year over year and total revenue rose 96% year over year, with the company also raising its full-year revenue growth guidance and its U.S. commercial growth guidance for 2026.
| Measure | Value |
|---|---|
| Last close | $178.34 |
| Price | $173.15 |
| Change | -2.91% |
Source: Extended-hours trades against the regular close · as of November 2, 2026 at 6:45 PM ET · Extended-hours trading is thin; the price can move a long way before the open.
Who it buys from and sells to
Company filings list several customers of Palantir, including GE Aerospace (GE), Johnson Controls (JCI), Lear (LEA), Ondas (ONDS), Kirkland and Ellis, AIG, Motor, and Freedom Mortgage, spanning aerospace, industrial, legal, insurance, and mortgage sectors.
This spread of customers across industrial and financial fields illustrates how widely Palantir's software is used outside of any single sector, reflecting the breadth of its commercial and government-facing business.
| Company | Role | Stock | Last move |
|---|---|---|---|
| Ondas | Customer | ONDS | -9.02% |
| GE Aerospace | Customer | GE | +4.63% |
| Johnson Controls | Customer | JCI | -1.70% |
| Lear | Customer | LEA | +3.25% |
| Kirkland and Ellis | Customer | Not listed | — |
| AIG | Customer | Not listed | — |
| Motor | Customer | Not listed | — |
| Freedom Mortgage | Customer | Not listed | — |
Source: Relationships named in company filings (Earnings call transcript); stock quotes · as of November 2, 2026 at 6:45 PM ET · Named in filings; a neighbour's move is not evidence of a link to this report.