Palantir's AI software drives $984M in commercial contracts, but raises red flags

palantir's q3 revenue reached $2.31b, a 96% year-over-year growth, with commercial contracts driving the increase. the company's ai software allows enterprises to run frontier models and custom-train open-weight models securely. however, palantir's ceo alex karp noted that enterprises are signing shorter-term trials, and total contract value declined from $2.13b to $1.46b. despite this, palantir increased its guidance for u.s. commercial revenue to $3.559b, representing a growth rate of at least 143%.