1705 ET - Palantir's record 1Q results include a substantial contribution from the U.S. government. Revenue from U.S. government contracting was $687 million in the company's most recent quarter, up 84% year-over-year and accounting for nearly 54% of Palantir's total revenue in the U.S. Palantir's government contracting has been a source of some controversy, but CEO Alex Karp dismisses criticism of its work for the government in a letter to shareholders. "It is worth noting there is really nobody making the case that the U.S. military should have second-rate AI capabilities or lackluster software," he writes. "If we are going to ask someone to step into harm's way on behalf of our country, they deserve the best." (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

May 04, 2026 17:06 ET (21:06 GMT)

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