Palantir Technologies (PLTR) is set to report third-quarter results on Monday, November 3rd, after market close, with investors watching for updates on its expanding AI partnerships and defense contracts after a strong run driven by demand from government and enterprise clients.
Wall Street expects earnings of $0.17 per share (+70.0% Y/Y) on revenue of $1.09B, representing a 50.2% year-over-year increase.
Palantir Technologies has been in focus ahead of its third-quarter earnings, as the firm deepens its push into defense and enterprise AI. The company recently teamed up with Boeing to provide AI tools for the planemaker’s defense and space division. It also struck a deal with Nvidia to integrate its chips and software into Palantir’s platforms to help businesses improve logistics and supply chain decision-making.
An analyst said, the partnership “validates Palantir’s evolution from a niche government contractor to a mainstream AI operating system provider,” adding that integrating Nvidia’s technology “accelerates its expansion into commercial and industrial verticals.”
In Europe, Palantir signed new defense-related agreements with the UK and Polish governments and extended its commercial collaboration with Lumen Technologies in a deal reportedly valued at $200 million. The company has also faced scrutiny over its work with the U.S. Army after an internal memo raised security concerns about a battlefield communications system developed with Anduril, though both firms said the issues have been addressed.
Citigroup said Palantir’s strong government demand and expanding commercial pipeline support near-term growth, but warned that high valuation and limited visibility into large-scale commercial adoption remain key risks. The firm expects momentum from AI-related contracts to sustain revenue growth, while execution and margin trends will be closely watched.
Over the last two years, PLTR has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time.
In the last three months, EPS estimates have seen 20 upward revisions and 0 downward. Revenue estimates have seen 19 upward revisions and 0 downward.
Palantir’s shares have gained 8.92% over the past month and are up about 166.06% so far this year.