Economy / Markets
Palantir clears $2 billion a quarter and lifts its full-year target
Palantir's third-quarter revenue rose 96% to $2.31 billion, the first quarter above $2 billion, as U.S. commercial sales climbed 148% to $984 million and overtook U.S. government revenue for the first time. GAAP operating margin reached 47%. The company raised full-year revenue guidance to $8.53 billion to $8.534 billion and pointed to $2.649 billion to $2.653 billion for the fourth quarter.