PLTR · Earnings call · 2026Q3T · Full report

Margin Expansion

Palantir Technologies Inc. · 2026-11-02 · Importance 57 · Surprise 32

Third-quarter adjusted gross margin was 85%, excluding stock-based compensation expense. Adjusted income from operations was $1.427 billion, producing a 62% adjusted operating margin. GAAP operating income reached $1.085 billion, a 47% margin, and GAAP net income was $1.128 billion, a 49% margin. The combined revenue growth and adjusted operating margin reached 158% in the third quarter, a 3-point increase from the prior quarter and the 13th consecutive quarter of expansion.

Key facts

• Palantir reported Q3 adjusted income from operations of $1.427 billion and an adjusted operating margin of 62%.
• Palantir said third-quarter adjusted gross margin, excluding stock-based compensation expense, was 85%.