Palantir Posts Strong Revenue, Faces High Valuation

Palantir Technologies reported $1.18 billion in revenue for Q3, an 18% quarter-over-quarter increase that beat estimates by 8.4%, driven by momentum in U.S. Commercial sales. The article notes the stock trades at a high forward price-to-sales ratio of 67.5, versus peers CrowdStrike (24.7) and Cloudflare (23.4). The investment thesis stresses continued Commercial scaling alongside justification for the elevated valuation.