Palantir touts record expansion and ‘battlefield’ AI value

< warm data-start="68" data-end="134">Palantir Technologies reported a blowout number one canton, locution revenue rose 85% year on year to $1.63 billion as its US business more than doubled, driven by rapid growth across both commercial and government customers.

The company said in its Q1 report, published Monday, that US revenue jumped 104% to $1.28 billion, with commercial revenue up 133% to $595 million and government revenue up 84% to $687 million. The results beat Wall Street estimates, and the company also raised its full-year guidance, saying it now expects 2026 revenue of up to $7.66 billion, implying annual growth of about 71%.

CEO Alex Karp, who has increasingly framed Palantir’s AI tools as central to Western military and industrial power, said the “twin pistons of our US business are now firing in sync.”

Palantir reports Q1 ‘26 U.S. Revenue growth of 104% Y/Y and revenue growth of 85% Y/Y; raises FY ’26 revenue guidance to 71% Y/Y growth and U.S. Comm revenue guidance to 120% Y/Y, crushing consensus expectations.Q1 U.S. Commercial revenue grew 133% y/y and adjusted operating… pic.twitter.com/eSKl9BQ3HW

“We believe it is not hyperbolic to say that nearly all AI workflows that actually create value – especially on the battlefield – are built on Palantir,” Karp wrote in an accompanying letter to shareholders, stating that the company “was founded to strengthen US national security, to protect Americans and their freedom.”

Palantir – named after the obsidian seeing-stones from Tolkien’s The Lord of the Rings, through which the dark lord Sauron keeps watch on his underlings – is a software firm primarily serving the defense and intelligence sectors.

Palantir’s flagship product is a system called Gotham, which pulls together and analyzes satellite footage, human intelligence from the CIA, signals intelligence from the NSA, and other data that might otherwise take days to sift through. Gotham and MOSAIC – another Palantir target-identification program that pulls digital data, including surveillance footage and IP addresses, from a target area – use AI to label the most effective targets for military strikes.

The US has acknowledged using these programs to select targets during its ongoing war on Iran, but insists that humans make the final decision to fire. Abroad, Palantir’s technology is used by the British Ministry of Defence, the Israel Defense Forces, and the Armed Forces of Ukraine.

The company’s earnings update came weeks after Palantir drew criticism for a 22-point manifesto summarizing themes from Karp’s book The Technological Republic. The manifesto argued that Silicon Valley has an “obligation” to participate in national defense, that “hard power” will be built on software, and that AI weapons are inevitable. Critics labeled it a blueprint for “technofascism.”

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