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Palantir posts record Q3 2026, revenue up 96% YoY to $2.31B — Daily Fintech News, November 2, 2026

Tuesday, November 3, 2026 · 12:17 AM ET

Earnings

1.Palantir posts record Q3 2026, revenue up 96% YoY to $2.31B

Palantir's Q3 revenue jumped 96% YoY to a record $2.31B — its first quarter above $2B — as U.S. commercial revenue soared 148% to $984M, topping U.S. government revenue for the first time. Adjusted operating margin hit 62% and management lifted FY2026 revenue guidance to $8.53B (91% growth).

$PLTR
$PLTR Close$178.34-3.13%
1Y -13.9% Rev QoQ +92.8% EPS QoQ +215.4% 52wk $106.37–$212.94 P/E 159.2 Mkt Cap $428.56B

AI Infrastructure

2.Meta and Oracle prep roughly $20B capital raises to fund AI buildout

Meta is reportedly targeting at least $20B via a multi-tranche dollar- and euro-denominated bond offering, while Oracle is preparing a nearly $10B equity offering at an ~11% discount plus a six-part bond deal. Fitch estimates Oracle's combined raise near $20B as hyperscalers keep funding AI infrastructure.

$META$ORCL
$META Close$606.73-1.34%
1Y -4.9% Rev QoQ +26.1% EPS QoQ +264.8% 52wk $520.26–$779.82 P/E 20.7 Mkt Cap $1.55T

Earnings

3.Grab delivers strong Q3; revenue up 27% YoY to $1.11B, record adj. EBITDA

Grab's Q3 revenue rose 27% YoY to $1.11B and adjusted EBITDA surged 73% to a record $237M, with monthly transacting users hitting a record 57.2M. Financial Services turned EBITDA-positive for the first time, and the company raised FY2026 revenue guidance to $4.15B–$4.20B.

$GRAB
$GRAB Close$2.86+5.54%
1Y -52.9% Rev QoQ +21.9% EPS QoQ — 52wk $2.67–$6.235 P/E 23.8 Mkt Cap $11.70B

Macro

4.Trump and Vance voice optimism on a possible U.S.–Iran deal

President Trump and VP Vance expressed growing optimism about a potential U.S.–Iran agreement, with Trump linking progress to falling oil prices and no deadline set for resuming strikes. Qatari mediators are reportedly traveling to Tehran, though Iranian state-linked media pushed back on talk of a breakthrough.

Markets

5.NVDA and TSLA lead the day's most active options

The day's most active options by contracts traded were led by Nvidia (4.7M) and Tesla (3.7M), followed by Intel, Micron, Amazon, Apple, Alphabet, AMD, SpaceX and Oracle. The concentration underscores how heavily retail and institutional flow remains tilted toward the megacap AI complex.

IPO

6.Anthropic pressed to price November IPO at $1.5T–$1.6T, below ~$2T hopes

Institutional investors are reportedly pushing Anthropic to price its November IPO at a $1.5T–$1.6T valuation, down from earlier expectations near $2T, after the recent tech selloff and AI-spending concerns. Anthropic reported $17B in Q3 revenue and disclosed $895.4B in combined AI compute purchase and lease commitments.

M&A

7.Marvell to acquire Lumentum in $115B all-stock AI-networking deal

Marvell announced a $115B all-stock acquisition of Lumentum at 4.5 Marvell shares per Lumentum share — roughly $1,132 per share, a 23.9% premium. Marvell holders would own 67% of the combined optical-and-custom-silicon powerhouse targeting an estimated $550B total addressable market.

$MRVL$LITE
$MRVL Close$171.41-12.72%
1Y +89.7% Rev QoQ +36.5% EPS QoQ +50.0% 52wk $70.69–$329.88 P/E 64.7 Mkt Cap $154.05B

Markets

8.U.S. equity funds see $6.7B in outflows, largest since mid-September

U.S. equity funds recorded $6.7B in net outflows in the week ending October 28, their biggest weekly withdrawal since mid-September, reversing recent inflows. Global equity funds still drew $10.2B, extending a six-week inflow streak led by Asian funds, though the pace slowed sharply.

Layoffs

9.Disney reportedly preparing to cut thousands of jobs

Disney is reportedly planning a major cost-cutting drive, with some managers told to target 20% in annual savings via layoffs and lower operating expenses. The company employed roughly 231,000 people at last fiscal year-end and plans to redirect savings toward programming, technology, parks and cruises.

$DIS
$DIS Close$113.11+1.96%
1Y +0.9% Rev QoQ +6.8% EPS QoQ -48.3% 52wk $92.19–$117.09 P/E 22.9 Mkt Cap $195.31B

Energy

10.Bloom Energy and California Resources to explore >1 GW of California power

Bloom Energy and California Resources Corporation signed a non-binding MOU to explore developing more than 1 GW of power generation in California, pairing Bloom's solid-oxide fuel cells with CRC's carbon capture and storage. The projects could supply AI data centers and industrials, with up to 3M metric tons of CO2 a year captured.

$BE$CRC
$BE Close$196.25-3.41%
1Y +37.8% Rev QoQ +138.1% EPS QoQ — 52wk $75.7–$351.28 P/E 123.4 Mkt Cap $58.00B

Telecom

11.AST SpaceMobile and AT&T pull off first satellite-to-terrestrial call handoff

AST SpaceMobile and AT&T announced the first successful handoff of an active cellular connection between a ground network and satellites using an unmodified smartphone, leveraging Ericsson and Nokia networking tech. AT&T said real-world beta testing is the next step ahead of a potential commercial rollout.

$ASTS$T
$ASTS Close$36.33-11.33%
1Y -48.9% Rev QoQ +2626.6% EPS QoQ — 52wk $36.08–$133.86 P/E — Mkt Cap $14.14B

Markets

12.Piper Sandler sees a SpaceX–Tesla merger as more likely than not

Piper Sandler believes a SpaceX–Tesla merger proposal is now more likely than not, noting both have reportedly formed independent special committees to evaluate a combination. The firm expects Elon Musk to retain over 70% voting control of the combined entity under most structures.

$TSLA
$TSLA Close$403.82+1.00%
1Y -13.8% Rev QoQ -0.2% EPS QoQ -43.6% 52wk $297.38–$498.83 P/E 443.8 Mkt Cap $1.60T

Earnings · WSJ

13.Apple’s growth machine slows as margin warning pressures new CEO Ternus

Apple shares fell after it warned on its earnings call that its high-margin services business and gross margin will keep slowing this quarter, even though price increases lifted September-quarter results. The cautious outlook raises pressure on new chief executive John Ternus.

$AAPL
$AAPL Close$338.32-1.83%
1Y +25.7% Rev QoQ +16.4% EPS QoQ +28.7% 52wk $243.42–$351.73 P/E 37.7 Mkt Cap $4.94T

Earnings · Bloomberg

14.Match Group falls after Q3 sales and profit outlook miss estimates

Match Group dropped in extended trading after third-quarter revenue of $891M missed estimates and Q4 adjusted EBITDA guidance of $327.5M–$332.5M came in short, underscoring a still-unfinished turnaround at the dating-app owner.

$MTCH
$MTCH Close$42.07+1.59%
1Y +29.4% Rev QoQ -1.2% EPS QoQ +50.4% 52wk $28.81–$46.67 P/E 14.9 Mkt Cap $9.81B

AI · FT

15.Nvidia tells data-center clients to reduce their China exposure

Nvidia has told cloud-computing providers that a majority of their customers must be non-Chinese, the FT reported, as the chipmaker navigates tightening US–China restrictions and scrutiny over how its AI chips keep reaching China despite export curbs.

$NVDA
$NVDA Close$202.06-1.26%
1Y -2.3% Rev QoQ +105.9% EPS QoQ +127.8% 52wk $164.27–$243.37 P/E 25.5 Mkt Cap $4.88T

Markets · Bloomberg

16.Nasdaq 100 enters correction as megacap results amplify AI fears

The tech-heavy Nasdaq 100 fell 1.4% Monday to close more than 10% below its Oct. 6 peak, meeting the technical threshold for a correction — its third of the year — as investors turned more pessimistic on Big Tech and the AI trade.

Markets · Bloomberg

17.Wall Street chiefs see robust demand for massive AI deals; Morgan Stanley eyes $15T

At Hong Kong’s Global Financial Leaders’ Investment Summit, top bank CEOs said capital markets will keep underwriting the AI infrastructure buildout. Morgan Stanley’s Ted Pick projected cumulative AI spending could reach $15 trillion over the next decade, with hyperscalers deploying $800B–$1T a year.

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