Palantir (PLTR) Q3 Earnings Preview: Can AI Growth Match Last Quarter's 93% Surge?

Palantir (PLTR) is set to report third-quarter earnings after the market closes on Monday, Nov. 2, with investors focused on whether AI momentum can continue after last quarter’s 93% revenue surge. Wall Street expects earnings of $0.41 per share, nearly double last year’s $0.21. In the second quarter, revenue rose 93% year over year to $1.935 billion, boosted by U.S. commercial revenue up 149% to $764 million. Palantir also generated $1.22 billion in adjusted free cash flow. For Q3, management guided revenue of $2.160 billion to $2.164 billion and adjusted operating income of $1.292 billion to $1.296 billion, while warning operating expenses will rise. Analysts’ Moderate Buy consensus points to a $218.95 average target.