US EditionPalantir CEO defends surveillance tech as US government contracts boost sales
Palantir's CEO emphasized legal safeguards amid public scrutiny while reporting a 70% revenue increase driven by U.S. government contracts including a $30 million ICE deal.
- 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.
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While the Dow Jones set a new record on Tuesday, strong earnings from AI giant Palantir failed to boost the tech sector. The NASDAQ fell 1.43%. Metals markets have calmed down, with gold just below $5,000.
New York Stock Exchanges ended trading in the red today. Investors were weighed down by a large-scale sell-off in technology stocks, despite the positive reception of results from analytics group Palantir, reports the French news agency AFP.
East Bay Times
Financial PostPalantir shares rose after stronger-than-expected sales outlook
Palantir Technologies Inc. rose following a revenue forecast for fiscal 2026 that significantly exceeded Wall Street expectations, a boost for the data analytics company after its shares have gotten off to a lackluster start so far this year.
Palantir stock jumps after blowout earnings beat Wall Street estimates
Palantir Technologies shares jumped Tuesday after the defense and data analytics firm reported fourth-quarter results that exceeded Wall Street expectations, driven by accelerating demand from government customers and continued strength in its U.S. commercial business.
Palantir Technologies Stock Soars After US Revenue Jumps 93% in Q4; Valuation 'More Reasonable'
Palantir Technologies (Nasdaq: PLTR) shares jumped 11.7% during premarket hours on Tuesday, a day after the company posted robust Q4 financial results. The company's revenue from US operations jumped 93% year-over-year in Q4 to $1.07 billion (£783.7 million), beating consensus estimates. This feat was supported by US commercial revenue growth of a whopping 137% from a year earlier and revenue growth of 66% YoY from government contracts. Adjusted…
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