Palantir ($PLTR) TCV 49%→6%…revenue up 96%

Palantir’s total contract value growth slowed to 6% year over year in the third quarter from 49% in the second quarter, even as revenue rose 96% over the same period, according to its November 2 SEC filing. U.S. commercial TCV growth decelerated to 11% from 153%, while U.S. commercial revenue reached $984 million, up 148%, and U.S. government revenue totaled $953 million. The gap between rapid revenue expansion and sharply slower contract bookings matters because TCV signals future revenue visibility for the data-analytics software maker. Investors will watch whether U.S. commercial TCV growth stabilizes in the fourth quarter and whether the revenue surge can be sustained without a rebound in contract value growth.