However, Karp's exuberance about Palantir's Q3 results is warranted. The company blew past the consensus Wall Street revenue estimate of $1.09 billion. Its revenue growth accelerated from a 48% year over year in the second quarter of 2025.

Palantir reported third-quarter financial results after the market close on Monday. Here's a rundown of the report.

Meanwhile, Veteran analyst Stephen Guilfoyle credits Palantir’s growth to strong fundamentals, noting, “Sales are running wild as are margins. The commercial business is exploding. Cash flows are not just robust; they are enormous. The balance sheet is simply the greatest balance sheet I can remember seeing. The CEO is focused and aggressive.”

Palantir stock fell 2.9% after-hours despite a massive Q3 2025 earnings beat. Revenue jumped 63% to $1.181 billion, topping $1.09 billion estimates. Adjusted EPS hit $0.21, up 110%. GAAP net income surged 231% to $476 million.

Palantir reported revenue of $1.18 billion for the third quarter, beating analyst estimates of $1.09 billion. The AI software company reported third-quarter adjusted earnings of 21 cents per share, beating analyst estimates of 17 cents per share, according to Benzinga Pro.

Palantir (PLTR) delivered strong Q3 results, beating expectations on revenue, earnings, and Rule of 40, with robust growth in both government and