Key Highlights

  • Palantir's Revenue hit $2.313 billion, a 96% gain, and 2026 revenue guidance was lifted to a band between $8.530 billion and $8.534 billion.
  • Lumentum's fiscal first-quarter sales of $1,262.6 million rose 136.5%, and its next-quarter revenue outlook is $1.575 billion through $1.625 billion.
  • Tempus AI's sales reached $411.5 million, a 23.1% increase (calculated), while its red ink shrank to $14.9 million.
  • Cipher Digital's $31.6 million profit leaned on $127.2 million of non-cash Warrant income, against revenue of $26.7 million.
  • ON Semiconductor's AI Data Center sales came to $180 million, up 175% year over year.

AI-Tied Businesses: The Size of Their Latest Reports

Five companies connected to artificial intelligence Demand released figures on Nov 2, 2026, and their Business models differ widely. Palantir (NASDAQ:PLTR) took in $2.313 billion during the third quarter, a 96% rise, and recorded GAAP profit of $1.128 billion. Lumentum (NASDAQ:LITE) booked $1,262.6 million in sales for its fiscal first quarter, up 136.5%, plus GAAP profit of $360.3 million.

Tempus AI (NASDAQ:TEM) reported $411.5 million of revenue and red ink of $14.9 million. Cipher Digital (NASDAQ:CIFR) had $26.7 million of revenue, a 62.8% decline (calculated), but still ended with $31.6 million of net income. ON Semiconductor (NASDAQ:ON) delivered revenue of $1.722 billion, roughly 11% higher, and $313.9 million of net income.

No ranking is implied, and the bases are uneven: sales span $26.7 million at the low end up to $2.313 billion at the high end, while fiscal periods vary, as Lumentum's quarter closed Sep 26, 2026. Not every article frames the business as AI-driven. Palantir and ON Semiconductor reference AI demand and sales from AI data centers, whereas the Lumentum and Cipher Digital writeups mention connectivity inside data centers and hosting for high-performance computing.

Palantir: U.S. Commercial Revenue Edges Past Government Revenue for the First Time

Palantir's Top Line climbed 96%, reaching $2.313 billion, and rose 20% from the second quarter. U.S. commercial revenue advanced 148% to $984 million, marking the first occasion it has been larger than the $953 million from government customers. On a GAAP basis, Earnings for common holders reached $1.128 billion, which works out to $0.44 per diluted share and a 49% margin.

Remaining deal value rose 55% to $13.4 billion. Management credited demand for what it calls Sovereign AI, while adjusted free Cash Flow totaled $1.216 billion and cash plus Treasuries reached $10.4 billion. The fourth quarter is guided to between $2.649 billion and $2.653 billion, and the 2026 revenue outlook was raised to $8.530 billion and $8.534 billion.

Lumentum: Pump Lasers and Optical Switches Behind Fiscal First-Quarter Growth

Lumentum's sales were $1,262.6 million, against $533.8 million twelve months before, and the gain was driven chiefly by optical circuit switches and pump lasers. Systems revenue jumped 228.8%, arriving at $508.4 million, and components climbed 98.9%, landing at $754.2 million. The GAAP gross Margin reached 51.0%, versus 34.0% before.

GAAP Net Income came to $360.3 million, which equals $3.54 per diluted share. The preceding quarter showed a $7.2 billion net loss, and the reconciliation traces that to a Debt extinguishment loss of $7,756.6 million. For the fiscal second quarter, revenue guidance sits between $1.575 billion and $1.625 billion. Management cited a second major co-packaged optics success, with customer purchase commitments above $5 billion. Cash declined by $758.8 million versus the prior quarter, a reason the file leaves unstated.

Tempus AI: Separating Operating Results From Equity Revaluations

Tempus AI's sales of $411.5 million compare with $334.2 million one year before. Diagnostics contributed $303.5 million, and data and applications contributed $108.1 million. The net loss came in at $14.9 million, or $0.08 a share, down from $80.0 million. Per the filing, unrealized equity-security gains rose by $44.0 million and explain much of the change.

Adjusted EBITDA, a non-GAAP metric, reached $25.6 million compared with $1.5 million, while the operating loss stood at $56.9 million. Management lifted its 2026 revenue outlook, yet the transcript garbles the new band, so this article leaves it out. The acquisition, valued at $1.5 billion on an enterprise basis, should wrap up in the fourth quarter, and a Shareholder meeting is set for Nov 30, 2026.

Cipher Digital: A Warrant Gain Lifts Profit Above an Operating Loss

Cipher Digital recorded a $31.6 million profit even though operations lost $71.9 million. A warrant Liability gain of $127.2 million, which is non-cash, plus $32.7 million in interest earnings more than covered $59.0 million in interest costs. Basic EPS came to $0.08, whereas diluted results showed a $0.22 loss per share.

Top-line figures dropped from $71.7 million to $26.7 million, with Bitcoin Mining producing $20.8 million. High-performance computing leases brought in $5.9 million, following the August 2026 start of phase one at a single campus. Management pointed to contracted revenue of about $16.6 billion spread over three sites. On Oct 16, 2026, $850.0 million of convertible notes were issued, and cash on Sep 30, 2026 totaled $656.0 million.

ON Semiconductor: AI Data Center Sales as a Slice of a $1.72 Billion Quarter

ON's sales were $1.722 billion, up from $1.551 billion twelve months back, and GAAP profit reached $313.9 million, equal to $0.79 for each diluted share. AI data center is now reported as a separate end market, and it produced $180 million, which is 39% above the prior quarter and 175% above last year's. Automotive revenue dipped 1% to $777 million.

On an adjusted basis, gross margin landed at 41.2%, marking the fifth straight quarter of growth. ON signed an agreement to acquire Ferric in exchange for $600 million, along with earn-out payments of as much as $175 million, and its 2030 AI data center goal was increased by $500 million, now exceeding $3 billion. Guidance for the fourth quarter spans $1.715 billion through $1.815 billion, and automotive is expected to decline by high single digits.

Concentration and Profit Margins Across the Five Reports

Taken together, the five posted $5.737 billion of revenue (calculated), with Palantir accounting for 40.3% of the sum (calculated). Profit relative to sales is 48.8% at Palantir, 28.5% at Lumentum, 18.2% at ON Semiconductor and minus 3.6% at Tempus AI (all calculated). Cipher Digital's profit exceeded its sales, so a margin figure has little meaning here.

AI data center sales equal about 10.5% of ON's revenue (calculated), a far smaller share than the AI-driven expansion reported by Palantir and Lumentum. Lumentum's revenue stood at about 2.4 times its prior-year figure (calculated). Because fiscal calendars and business models differ, growth rates cannot be directly compared.

What to Watch Next: Upcoming Meetings, Closings and Installation Schedules

Tempus AI's shareholder meeting falls on Nov 30, 2026, and the Acquisition should close in the fourth quarter. Oncology pricing adjustments begin Jan 1, 2027. ON expects its Ferric purchase to close during the fourth quarter. Cipher Digital anticipates Barber Lake data halls spanning late 2026 into early 2027, and a Texas site is due a final load classification in December.

Palantir and Lumentum point to upcoming updates for the Q4 period and fiscal Q2, though no dated event appears in their materials. Lumentum's filing for the period ending Sep 26, 2026 was still outstanding.