Palantir CEO slams Silicon Valley rivals who he says don't support US military
Palantir reported a significant revenue surge, exceeding analyst expectations. The company secured numerous high-value deals, boosting its financial performance. US commercial and government sectors drove substantial revenue growth for Palantir. Executives highlighted customer preference for AI sovereignty over rival models. CEO Alex Karp emphasized the inherent dangers and need for AI regulation.
Palantir Technologies reported a remarkable quarter, with revenue soaring 93% year-over-year to $1.94 billion, surpassing analyst expectations. The company's net income reached $1.1 billion, or 41 cents per share, exceeding Wall Street's projection of 35 cents. Palantir's shares surged more than 14% in after-hours trading following the earnings call.
According to Fortune, CEO Alex Karp was particularly vocal on the call, taking aim at unnamed Silicon Valley AI rivals, claiming they "eat vegetables" and don't support the US military. Karp expressed satisfaction with Palantir's strong results, which are driving growth and benefiting customers and the broader West. The company closed 220 deals worth at least $1 million, with 98 deals exceeding $5 million and 73 above $10 million.
US commercial revenue increased by 149%, while government revenue accounted for 90% of overall growth. Palantir raised its full-year 2026 revenue guidance to between $8.15 billion and $8.16 billion, up from its previous range of $7.18 billion to $7.20 billion. Executives emphasized the growing preference for "AI sovereignty" over reliance on off-the-shelf models from rivals such as OpenAI and Anthropic.
CEO Alex Karp urged a more serious discussion about the dangers of AI models, highlighting the need to acknowledge their potential risks.
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
