Palantir's U.S. Government Revenue Soars -- Market Talk

Dow Jones
May 05

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)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10