Palantir Q3: Revenue Up 96% to $2.31 Billion, Guidance Raised, Yet Shares Slip

Palantir Beats, Stock Dips

Palantir reported third-quarter results after the close on 2 November 2026.

Key numbers

• Revenue: $2.31 billion, up 96% year on year.
• Analyst estimate: about $2.18 billion.
• Outlook: full-year 2026 revenue guidance raised.

Why the stock still fell

Shares slipped about 2% in after-hours trading. When a stock is priced for perfection, "good" results are often not enough, especially on a day when investors were selling AI names.

The lesson for traders

Earnings reactions depend on expectations, not just results. Implied volatility usually falls after the report, which can hurt option buyers even when they guess the direction right.

Educational content, not investment advice. Practise earnings trades with virtual money in Trading Titans.