Palantir raised its full-year revenue forecast to between $8.53 billion and $8.534 billion, above analyst estimates of $8.2 billion. Its US commercial business surpassed US government sales for the first time, and it forecast fourth-quarter revenue of roughly $2.64 billion to $2.65 billion.
Palantir now sees full-year revenue between $8.530 billion and $8.534 billion, topping analyst estimates of $8.2 billion. The company raised its forecast from as high as $8.2 billion a quarter ago, and the new range implies roughly 91% growth.
Palantir's US commercial business surpassed its US government sales for the first time ever.
For the fourth quarter, Palantir forecast revenue of roughly $2.64 billion to $2.65 billion. That would be about 88% growth at the midpoint, versus analyst expectations of about $2.46 billion.
