Why Palantir Stock Fell Despite 96% Growth (Nov 3, 2026)

Palantir grew Q3 revenue 96% to $2.313B, yet the stock fell as much as 7% on November 3, 2026, as analysts flagged slower new US commercial deal value.

November 3, 2026 · 247 views · YouTube video: Palantir Grew 96% in a Year. The Stock Still Fell

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Quick overview

Palantir's Q3 revenue grew 96% to $2.313B, its first quarter above $2 billion. US commercial grew 148%.
The stock still fell as much as 7% on November 3, 2026, and about 11% since the prior Thursday.
Analysts pointed to slower new US commercial contract value. Priced for perfection, great was not enough.

+96% Q3 revenue growth, to $2.313B
−7% Stock at its low on Nov 3, 2026
−11% Since the prior Thursday's close

What happened

Palantir reported third-quarter revenue up 96% year over year to $2.313 billion. US commercial revenue grew 148%, and it raised 2026 revenue guidance to $8.530 to $8.534 billion. Still, the stock fell as much as about 7% on Tuesday, November 3, 2026.

Why it matters

Analysts reportedly pointed to a slowdown in the value of new US commercial contracts. The stock is down about 11% since the prior Thursday's close. When a stock is priced for perfection, great results are not always enough.

Watch the 30-second short to see why 96% growth was not enough.

FAQ

Why did Palantir stock drop after earnings?

Analysts pointed to a slowdown in the value of new US commercial deals, even though revenue grew 96%.