PLTR · Earnings call · 2026Q3T · Full report

Contract Bookings Growth

Palantir Technologies Inc. · 2026-11-02 · Importance 75 · Surprise 64

Palantir closed $1.652 billion in commercial TCV bookings in the third quarter, up 17% year over year, including $1.463 billion in U.S. commercial TCV bookings, up 11%. U.S. commercial TCV bookings over the prior 12 months totaled $6.114 billion, a 62% increase from the preceding 12 months. Government TCV bookings were $2.918 billion, up 6% year over year. Total remaining deal value ended the quarter at $13.4 billion, up 55% year over year and 2% sequentially, while remaining performance obligations were $4.9 billion, up 88% year over year and flat sequentially.

Key facts

• Palantir closed $6.114 billion of U.S. commercial TCV bookings over the 12 months preceding the call, up 62% from the prior 12 months.
• Palantir's total remaining deal value was $13.4 billion at Q3 end, up 55% year-over-year and 2% sequentially.
• Palantir's remaining performance obligations were $4.9 billion at Q3 end, up 88% year-over-year and flat sequentially.
• Palantir closed $1.652 billion in commercial TCV bookings in Q3, up 17% year-over-year.
• Palantir closed $1.463 billion of U.S. commercial TCV bookings in Q3, up 11% year-over-year.
• Palantir signed multiple 8-figure deals in Q3 that were shorter in duration than usual; the company expects both contract duration and size to increase over time as it delivers value with Sovereign AI.