PLTR · Palantir · Q3 FY2026
Palantir Accelerates Growth as Margins Widen
Revenue growth accelerated to 95.9% from 92.8%, and operating margin widened 1360 basis points to 46.9%.
- Published
- Nov 3, 2026
- Event
- Nov 2, 2026
- Quarter ended
- Sep 30, 2026
- Data as of
- Nov 3, 2026
Published becauseQuarterly results were reported (Nov 2, 2026).
The Blockhaven read
Palantir's quarter moved in one direction: revenue growth accelerated to 95.9% from 92.8% and operating margin widened 1360 basis points to 46.9%. GAAP operating income rose 175.9% against 95.9% revenue growth, so profit grew faster than sales, with the wider margin accounting for the gap. A single quarter shows a direction, not yet a trend.
Latest reported quarter
Earnings release filed Nov 2, 2026
RevenueGAAP
- Latest
- $2.31 billion
- Year ago
- $1.18 billion
- Change
- +95.9% (Up year over year)
Operating incomeGAAP
- Latest
- $1.08 billion
- Year ago
- $393 million
- Change
- +175.9% (Up year over year)
Net incomeGAAP
- Latest
- $1.13 billion
- Year ago
- $476 million
- Change
- +137.2% (Up year over year)
Diluted EPSGAAP
- Latest
- $0.44
- Year ago
- $0.18
- Change
- +144.4% (Up year over year)
Operating margin (GAAP)Derived
- Latest
- 46.9%
- Year ago
- 33.3%
- Change
- +1360 bp (Up year over year)
| Measure | Basis | Latest quarter | Year ago | Change |
|---|---|---|---|---|
| Revenue | GAAP | $2.31 billion | $1.18 billion | +95.9% (Up year over year) |
| Operating income | GAAP | $1.08 billion | $393 million | +175.9% (Up year over year) |
| Net income | GAAP | $1.13 billion | $476 million | +137.2% (Up year over year) |
| Diluted EPS | GAAP | $0.44 | $0.18 | +144.4% (Up year over year) |
| Operating margin (GAAP) | Derived | 46.9% | 33.3% | +1360 bp (Up year over year) |
Revenue growth +95.9% against +92.8% in the prior quarter (year over year, GAAP).
Trend: Accelerating. Revenue growth accelerated, operating margin widened, GAAP operating income improved and management raised its outlook.
GAAP unless labelled. Non-GAAP and company-defined measures are labelled.
What changed
- Revenue growth accelerated to 95.9% from 92.8%.
- Operating margin widened 1360 basis points year over year, to 46.9% from 33.3% (GAAP).
- GAAP operating income rose 175.9% year over year, with net income 137.2% and diluted EPS 144.4% moving the same way.
Why it matters
Operating income grew 175.9% on 95.9% revenue growth: the margin change accounts for the difference between the two rates.
Net income grew more slowly than operating income: the difference sits below the operating line.
Market reaction
At 8:15 AM ET on Nov 3, 2026, the quoted share price was down 6.3% from the prior close. This is a timed price observation, not an explanation of the move.
What to watch
- Operating margin at the next report against 46.9% this quarter: a further move in the same direction would confirm this reading, and a reversal would weaken it.
- Year-over-year revenue growth against 95.9% now and 92.8% before: holding above these levels would confirm the acceleration, and a slide back would weaken it.
Data and sources
Figures come from the company's SEC filings and its own 8-K earnings release, filed Nov 2, 2026. GAAP figures are labelled as such. Blockhaven used no outside forecasts, so no figure here is measured against market expectations.
Descriptive company facts. Not investment advice, a rating or a recommendation.