Palantir’s Q3 revenue soars 63%—so why is its stock still struggling?
Palantir has reported strong financial results for Q3, with revenue up 63% year-over-year. The company also secured new contracts worth $2.8 billion, beating market expectations. Yet, despite this growth, its stock (pltr) remains nearly 20% below its 52-week peak.
Palantir’s Q3 performance was impressive. Revenue jumped 63% compared to the same period last year, exceeding Wall Street forecasts. The company’s U.S. commercial business alone expanded by 121%, a major driver of growth. Additionally, it landed $2.8 billion in new contracts, reinforcing its position in data analytics.
Palantir’s Q3 results show robust growth, with revenue and contracts surpassing expectations. Yet, its stock price (palantir stock) remains under pressure, and key investors are making conflicting bets. Thiel’s shift away from Nvidia and Tesla, combined with Burry’s bearish position, adds to the debate over the company’s long-term outlook. The coming months will reveal whether Palantir’s momentum can overcome market scepticism.
