GoKawiilPalantir's commercial revenue overtakes government sales for first time, but deals shorten
Palantir reported third-quarter revenue of $2.31 billion, up 96% year over year and ahead of analyst estimates, with adjusted earnings per share of $0.44. U.S. commercial revenue hit $984 million, edging past U.S. government revenue of $953 million for the first time, driven by enterprises adopting its AI software. CEO Alex Karp told analysts that commercial customers are now signing shorter-duration contracts that move faster to deployment before later expanding.