Palantir's Q3 revenue tops $2.31B, but enterprise deals show signs of slowing

Key points

• Revenue grew 96% year over year to $2.31 billion, first time above $2 billion, beating the $2.18 billion expectation.
• U.S. commercial revenue ($984 million) surpassed U.S. government revenue ($953 million) for the first time.
• Total U.S. enterprise contract value fell to $1.46 billion from a record $2.13 billion in the prior quarter.
• CEO Alex Karp said enterprises sign faster but often on shorter contracts, with the ability to expand them.

Why it matters for marketers: Enterprise AI buyers are trying software quickly on short terms, so content teams selling AI platforms may need to prove ongoing value rather than rely on initial trials.