Palantir CFO reports shorter contract durations amid AI adoption

Customers are signing big sovereign AI deals faster, but for shorter terms, and Palantir expects that to change as value shows up Palantir just posted revenue growth that most software companies only see in pitch decks. Its customers are also signing shorter contracts than they used to. CFO David Glazer’s explanation is that clients are moving fast on Palantir’s sovereign AI tools, testing the waters with shorter commitments. Management anticipates both contract length and contract size will grow once those customers see ongoing value. The numbers behind the quarter Palantir released its third-quarter 2026 earnings on November 2, 2026. Total revenue came in at $2.313 billion, up 96% year over year. The standout line was US commercial revenue. It jumped 148% to $984 million and, for the first time, topped Palantir’s US government revenue. Deal flow was busy too. In the quarter, Palantir closed 212 deals worth more than $1 million, 107 deals above $5 million, and 64 deals exceeding $10 million. Then there is total contract value, or TCV, which measures the full value of the deals signed during the period. It finished the quarter at $2.918 billion, a 6% increase year over year. US com...