US EditionPalantir CEO defends surveillance tech as US government contracts boost sales
Palantir projects 61% revenue growth in 2026 driven by a 66% rise in U.S. government contracts, including defense and immigration enforcement, amid ongoing public scrutiny.
- On Monday, Alex Karp, CEO of Palantir Technologies, defended the firm's surveillance and AI tools as total sales of $1.41 billion exceeded analysts' estimates.
- U.S. government contracts lifted revenue, as Palantir won a $30 million contract with U.S. Immigration and Customs Enforcement in April for real-time visibility systems.
- The CEO emphasized legal and technical safeguards, noting the system requires Fourth Amendment data protections and that audit logs and permissioning controls ensure only authorized access.
- Market reacts were mixed as Palantir expects revenue between US$7.18-billion and US$7.20-billion in 2026, with shares jumping around 5% and nearly 12% early on Tuesday.
- Amid growing scrutiny after January's deadly protests, Palantir's military-grade AI marketing and the sale of a U.S. unit by CapGemini reflect broader reputational risks, critics said.
49 Articles
49 Articles
Palantir stock jumps as Q4 earnings beat forecasts on US AI demand
Palantir Technologies reported stronger-than-expected fourth-quarter results on Monday, sending its shares sharply higher in premarket trading as investors reacted to accelerating growth in both government and commercial demand for its artificial intelligence-driven software. In premarket ...
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finanzen100.dePalantir Technologies delights the market with a 70 percent jump in sales and significantly exceeds analyst expectations. The share increases by more than eight percent in post-trade US trade.
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