PLTR · Earnings call · 2026Q3T · Full report
Operating Expense Trends
Palantir Technologies Inc. · 2026-11-02 · Importance 68 · Surprise 64 · No source text
Third-quarter adjusted expense was $887 million, up 53% year over year and 20% sequentially. Management attributed the increase primarily to continued investment in the AI platform and technical hiring, including the latest class of new-graduate hires. Palantir said it would continue investing in technical talent, product-pipeline R&D, and Sovereign AI efforts while pursuing sustained GAAP profitability. Stock-based compensation expense was $319 million and related employer payroll tax expense was $23 million in the quarter.
Key facts
- Palantir's Q3 adjusted expense was $887 million, up 20% sequentially and 53% year-over-year, primarily due to continued AI platform investment and technical hiring.
- Palantir said it remains committed to investing in technical talent and R&D for its product pipeline and Sovereign AI efforts while pursuing sustained GAAP profitability.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -15.9% | Palantir's Q3 adjusted expense was $887 million, up 20% sequentially and 53% year-over-year, primarily due to continued AI platform… |