Washington, November 4th / PRNewswire / -- According to news reports, Palantir's U.S. business revenue surpassed its government revenue for the first time in the third quarter. In the past two weeks, government technology contractors from Booz Allen Hamilton to BigBear.ai have all announced larger backlogs of orders and have raised their annual targets in most cases. Meanwhile, federal agencies are still operating under a temporary funding act that lasts until December 11th. Active companies with the latest developments in the market include: Palantir Technologies Inc (. NASDAQ : PLTR), Booz Allen Hamilton Holding Corporation ( NYSE : BAH), CACI International Inc ( NYSE : CACI), Parsons Corporation ( NYSE : PSN), as well as BigBear.ai Holdings, Inc (. NYSE : BBAI).
Among the following five companies, four have raised their full-year forecasts for at least part of the latest quarter reports, while Parsons has narrowed its revenue and adjusted EBITDA guidance range, reiterating its midpoint. The aforementioned reports are from a budget year in which, according to the status report from the Congressional Research Service on congress.gov, none of the 12 regular appropriation bills for the fiscal year 2027 have been passed. The "Continuing Appropriations and Deferral Act of 2027," which became Public Law 119-103 on September 2, provides funding for most federal programs at the 2026 fiscal year level until December 11, 2026, or until the relevant appropriation bills are approved, whichever comes first. The House Appropriations Committee passed its Fiscal Year 2027 Defense Appropriation Act H.R 9495 on June 24 with a vote of 34 to 27, and the latest progress on this bill on congress.gov is that it was added to the House Joint Agenda on June 26.
The annual National Defense Policy Act has also not yet been completed. The House of Representatives passed its National Defense Authorization Act for fiscal year 2027 with a vote of 216 to 212 on July 22, and it was sent to the Senate on September 14. The Senate's version, S.4784, was reported on by the Armed Services Committee on June 15, with the latest progress occurring on July 27 when a motion to proceed with deliberations was made. All of the above information is based on congress.gov.
This schedule now also takes into account the changes in party control in both houses of Congress. According to the results of the elections reported by The Associated Press, the Democratic Party won a majority of seats in both the House of Representatives and the Senate in the midterms on Tuesday; as of 2:26 a.m. Wednesday (Eastern Time), The Associated Press had not yet announced the results of five Senate races. The deadline for fundraising on December 11 is earlier than the new Congress will convene on January 3, 2027.
Readers who are interested in how the federal budget is transmitted to contractor performance can also access the free guide " Knowledge is Power " provided at americannewsgroup.com / Apply for Stock Preachers.
Other industry developments and trends in the market this week include:
Palantir Technologies Inc. ( NASDAQ : PLTR )
On November 2, Palantir Technologies announced third-quarter revenue of $2.313 billion, a year-on-year increase of 96% and a 20% increase from the previous quarter. The relevant results have been submitted to the U.S. Securities and Exchange Commission. The company's government-related revenue grew by 96% to $953 million, while its business-related revenue increased by 148% to $984 million. This is the first quarter in which the company claims that its business operations have surpassed government-related operations.
The company has raised its full-year revenue guidance for the fiscal year 2026 to $8.53 billion to $8.534 billion, with a fourth-quarter revenue guidance of $2.649 billion to $2.653 billion. According to Nasdaq data, Palantir shares closed at $175.40 on Tuesday, November 3, down 1.65% for the day, and hit a low of $165.25 during trading.
Palantir, Co-Founder and CEO, Alex Karp stated: "For the first time, our business revenue in the United States has surpassed the company's historical revenue from the U.S. government."
Booz Allen Hamilton Holding Corporation ( NYSE : BAH )
Booz Allen Hamilton announced its financial results for the second quarter of fiscal year 2027 on October 23. Revenue amounted to $2.8 billion, a year-on-year decrease of 3.9%, while adjusted diluted earnings per share were $1.76, representing a year-on-year increase of 18.1%. Revenue from national security business reached $2.076 billion, up from $2.063 billion in the same period last year; however, revenue from civil and commercial business decreased from $827 million to $702 million.
Total order backlogs increased by 1.9% to $41 billion, with the book-to-bill quarter ratio being 1.5 times. The company has raised its adjusted earnings per share guidance for the fiscal year 2027 to $6.50 to $6.70 from $6.00 to $6.35, and stated that it is accelerating investment and delivery in advanced networking, proxy-based, and defense technologies.
Booz Allen Chairman and CEO Horacio Rozanski stated: "The Booz Allen has performed exceptionally well, and we are now investing in our next phase of growth."
CACI International Inc ( NYSE : CACI )
CACI International announced on October 21st that its revenue for the first quarter of the fiscal year 2027 was $2.5 billion, a year-on-year increase of 8.2%, of which organic growth accounted for 2.1%; the amount of contracts awarded was $4.8 billion, with a book-to-bill ratio of 2.0 times. Revenue from the Department of War increased by 14.8% to $1.354 billion, accounting for 54.8% of total revenue.
This quarter's awards include a one-year contract with four optional extensions, totaling up to $1.5 billion, to support the U.S. Central Command; CACI indicates that Apollo will be used to help that command make decisions more quickly. The backlog of funded orders has increased by 14.8% to $6.2 billion, and the company has raised its revenue guidance for the fiscal year 2027 to $10.7 billion to $10.9 billion.
CACI, President and CEO, John Mengucci stated: "Based on our performance, the growing backlog of large orders, and a healthy pipeline of projects, we have raised our revenue and profit forecasts for the fiscal year 2027, while also reiterating the guidance for other financial indicators."
Parsons Corporation ( NYSE : PSN )
Parsons announced on October 28th that its revenue for the third quarter was $1.7 billion, a year-on-year increase of 2%, but a decrease of 1% on a organic basis; after adjustment, EBITDA grew by 6% to a record $168 million, with a record profit margin of 10.2%. Contract awards increased by 14% year-on-year, with federal solution awards growing by 53%; the total backlog of orders and the backlog of orders with funded support reached records of $9.4 billion and $6.8 billion respectively.
The company stated that the US Cybercom has increased the five-year ceiling for its single-source Other Transaction Agreement to $750 million, and the company has begun full-scale mass production of Joint Cyber Hunt Kit under this agreement. Parsons has narrowed its revenue guidance for 2026 to between $6.25 billion and $6.45 billion, while reiterating its midpoint target.
Parsons Chairman, President, and CEO Carey Smith stated: "Although we are still dealing with uncertainties in procurement timing and geopolitics, the alignment between our differentiated capabilities and the most critical national security and infrastructure needs of our customers has enhanced our confidence in the prospects of Parsons."
BigBear.ai Holdings, Inc. ( NYSE : BBAI )
BigBear.ai claims to be a company that focuses on security and defense technologies, providing AI that can be executed directly. On October 27th, the company announced its third-quarter revenue of $43.6 million, a year-on-year increase of 31%, and achieved organic growth for the third consecutive quarter. The company stated that this growth was mainly driven by its BigBear Generative AI Platform, which was acquired in December 2025 as part of a Ask Sage; the gross margin also increased from 22.4% to 31.2%.
BigBear.ai has raised its revenue guidance for 2026 to between $150 million and $165 million, stating that since the second quarter it has secured more than 25 new contracts worth over $225 million, a figure that is not an GAAP metric. The backlog of orders has increased by 22% to $330 million compared to the second quarter, with approximately 23% of these orders already funded. The net loss for this quarter was $91.9 million, which includes a non-cash goodwill impairment expense of $76.7 million.
BigBear.ai CEO Kevin McAleenan stated: "We have won more than 25 new contracts, with clients including FBI, the U.S. Coast Guard, the Department of Energy, as well as bids for confidential projects."
For defense technology and government software companies, the upcoming key dates include the expiration of temporary funding on December 11th, and the opening of the new Congress on January 3, 2027; the Senate has not yet passed its version of the 2027 Fiscal Year Defense Policy Act. For continuous coverage of this sector, as well as the free guides provided by Stock Preachers titled Knowledge is Power, they can be found at americannewsgroup.com.
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This article is an independent news commentary. American News Group is wholly owned and operated by Market Equities Limited (“MEL”). MEL is a company registered under Irish law. MEL has not received any compensation in relation to any of the companies mentioned in this article. MEL and its owners, operators, directors, and related parties currently do not hold any shares in the companies mentioned in this article, but retain the right to buy or sell such shares at any time without prior notice. The stock price data is as of the close on Tuesday, November 3, 2026, according to Nasdaq. The status of legislation and funding as of November 4, 2026, at approximately 2:35 a.m. Eastern Time, is sourced from congress.gov; the election results reflect the determinations made by The Associated Press as of 2:26 a.m. Eastern Time on November 4, 2026. The information comes from company press releases and documents, government and industry data, published reports, and third-party data considered reliable, but its accuracy is not guaranteed. Investing in securities carries risks, including the potential loss of part or all of the investment. This document is governed by Irish law.
