Palantir Q3 Blowout: Extraordinary Numbers and CEO Perspectives

Nov 6, 2025

Palantir's revenue skyrocketed by 63% in Q3, surpassing expectations with almost $1.2 billion. The company defies categorization, blending apps, analytics, data, and AI into one transformative entity. Notably, U.S. commercial growth surged by 121%, making it the fastest-growing segment. With new contracts valued at $2.8 billion, Palantir illustrates its enduring momentum, challenging the notion of an AI bubble. CEO Alexander Karp's contrarian philosophy and commitment to real value set the company apart in the tech landscape.

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INSIGHT

Palantir Defies Easy Categorization

Palantir defies simple labels and combines apps, analytics, data, AI, and database capabilities as customers need.
That breadth and decade-long tech development let Palantir capitalize as cloud AI became mainstream.

INSIGHT

Blowout Revenue And Rapid Commercial Growth

Q3 revenue jumped 63% to nearly $1.2B, far above the projected 51% growth.
U.S. commercial grew fastest (121% to ~$400M) while U.S. government rose 52% to $486M.

INSIGHT

Huge New Deal Volume Signals Sustainability

Palantir signed $2.8B in new contract value in the quarter, showing deal momentum.
Ninety-three deals were $5M+ and 51 were $10M+ indicating large, sustained customer commitments.

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In today's Cloud Wars Minute, I spotlight Palantir’s stunning 63% revenue surge and its defiant, rule-breaking vision for the AI Era.

Highlights

00:30 — Palantir, earlier this week, reported its Q3 numbers, and they were absolutely extraordinary. I thought the only thing that matched the blowout numbers that Palantir had was the perspective and philosophy revealed in the Q3 earnings call from CEO Alexander Karp. I want to talk about that in just a minute.

01:23 —You hear talk around the industry, people saying, “Well, what is Palantir? Are they an apps company? Are they an analytics company? Are they a data company? Are they an AI company? Are they a database company? Are they, you know, this or that?” Palantir absolutely defies any easy positioning or being put in a particular box or category. It is all of those things.

02:26 — Its revenue for Q3, ending September 30, was up 63% — almost $1.2 billion. It had projected growth for Q3 of about 51% and blew that number away. Within that, its U.S. commercial business is now by far the fastest-growing part of its company. Remarkable growth there of 121% in Q3 to almost $400 million. The U.S. government business was up 52% to $486 million.

03:42 — Palantir signed new deals totaling $2.8 billion in contract value. That new business alone is an indication that this is not a blip. Some people talk about an AI bubble. Karp said, “The bubble exists only for companies that are not really trying to impart enduring value.” Of that $2.8 billion, there were 93 deals signed in the quarter for $5 million or more, and 51 deals for $10 million or more.

04:14 — A big point that Karp made is that as the company gains more visibility, it’s important that: “We are always at the toughest and most complex part of our customers’ technology stacks, because with AI, that’s the only way we can impart real value for those customers and unlock for them the ability to become truly transformed companies in the AI revolution.” He speaks like no other CEO I’ve been around.

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