Palantir Q3 2025: record growth, stronger guidance, AI demand accelerates

Episode summary:

Palantir ($PLTR) delivered a blockbuster Q3: revenue $1.181B (+63% y/y), adjusted EPS $0.21 (beat), U.S. commercial revenue +121% y/y to $397M, and full-year revenue guidance raised to about $4.396B–$4.40B. Management guided Q4 sales to roughly $1.327B–$1.331B, citing “otherworldly” AI demand and continued adoption of AIP across U.S. commercial and government customers.

Market reaction:

Shares whipsawed after hours as valuation concerns met very strong fundamentals and a sizable guidance raise.

Why it matters for traders:

The print reinforces the “AI apps at scale” thesis. Budget share appears to be consolidating around platforms that can move from pilots to production quickly, pulling through GPU s ...