Filing Flows › Palantir Technologies (PLTR) › Q3 2026
Palantir Technologies (PLTR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Palantir Technologies (PLTR) reported revenue of $2.3B for the third quarter 2026 (Q3 2026), +96% from a year earlier and +20% from the quarter before. Operating margin was 46.9%, net earnings $1.1B (48.8% of revenue).
Palantir Technologies, Q3 2026: revenue $2.3B (+96% year over year), operating margin 46.9%, net earnings $1.1B, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3B | +20% | +96% |
| Gross profit | $1.9B | +18% | +98% |
| Operating profit | $1.1B | +19% | +176% |
| Net earnings | $1.1B | +6% | +137% |
| Operating cash flow | $1.2B | -1% | +137% |
| Free cash flow | $1.2B | -0.4% | +139% |
What changed
Revenue was $2.3B in Q3 2026, up 96% year over year and up 20% from the previous quarter.
Gross margin was 83.4%, up 1.0 points from Q3 2025. Operating profit was $1.1B, a 46.9% margin (up 13.6 points year over year). Of the extra revenue versus Q3 2025, 61% reached operating profit, above the 33% margin then. Operating expenses grew 46% against revenue growth of 96%. The fastest-growing cost line was Research & development (+52%). Net earnings were $1.1B, up 137% year over year. The effective tax rate was 1.2%.
Operating cash flow was $1.2B (up 137% year over year), 106% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.32B of share-based compensation. Working capital and other items used $0.26B. Capital expenditures of $0.01B left free cash flow of $1.2B.
Questions
What was Palantir Technologies' revenue in the third quarter 2026?
Palantir Technologies (PLTR) reported revenue of $2.3B for the third quarter 2026 (Q3 2026), +96% from a year earlier and +20% from the quarter before.
Was Palantir Technologies profitable in the third quarter 2026?
Operating profit was $1.1B (46.9% of revenue) and net earnings $1.1B.