Second-quarter income jumped 93 p.c however Palantir’s ties to Israel and position in army know-how are controversial.
Printed On 4 Aug 2026
United States synthetic intelligence and knowledge analytics big Palantir Applied sciences has reported “otherworldly” quarterly outcomes, sending its shares greater than 14 p.c increased in after-hours buying and selling, as its development exhibits no indicators of slowing regardless of mounting criticism over its shut ties to the US and Israeli governments and considerations about its rising position in synthetic intelligence and warfare.
Palantir Applied sciences reported a income of $1.94bn for the second quarter, up 93 p.c from a 12 months earlier, and raised its forecast annual income to between $8.15bn and $8.158bn, up from $7.65bn to $7.662bn earlier. It mentioned robust demand from each business clients and authorities businesses drove the surge.
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“This quarter was otherworldly: our US business income grew 149 p.c year-over-year, our general income grew 93 p.c year-over-year,” Chief Government Alex Karp mentioned. “Demand for AI sovereignty has now been unleashed.”
In a letter to shareholders, Karp wrote: “Our enterprise is compounding at a price and scale that we now have by no means earlier than witnessed.”
Palantir holds multibillion-dollar contracts with US authorities businesses, together with the US Military. Income from its US authorities enterprise rose 90 p.c 12 months on 12 months to $809m, at the same time as the corporate has confronted rising opposition over its position in President Donald Trump’s immigration crackdown, which critics say has resulted in illegal deportations and killings.
Based in 2003 by know-how entrepreneurs together with Karp and multi-billionaire Peter Thiel, Palantir opened its first workplace in Israel in 2015 and has since expanded its work with the Israeli army.
Following what Palantir described as a “strategic partnership” with Israel in January 2024, the corporate considerably expanded its operations supporting Israel’s army marketing campaign in Gaza and operations within the occupied West Financial institution.
In keeping with Open Intel, a platform monitoring company involvement within the genocidal battle on Gaza, Palantir has actively recruited former members of Israel’s elite Unit 8200 cyberintelligence division. The group says Palantir’s software program integrates intercepted communications, satellite tv for pc imagery and different datasets to assist generate army concentrating on lists for Israeli forces.
In a press release to Al Jazeera earlier this 12 months, Palantir UK reiterated the corporate’s assist for Israel.
The corporate has additionally secured main contracts with the UK’s authorities. In January, the UK’s Ministry of Defence awarded Palantir a $323m (240-million-pound) contract. A separate $444m (330-million-pound) NHS contract awarded in November 2023 has additionally attracted criticism, with campaigners elevating considerations in regards to the dealing with of delicate well being knowledge and the heavy redaction of contract paperwork.
Palantir has additionally confronted scrutiny over its imaginative and prescient for the way forward for synthetic intelligence. In The Technological Republic, a current ebook co-authored by Karp and the corporate’s head of company affairs, Nicholas W Zamiska, the authors argue that know-how corporations have a accountability to construct superior army AI capabilities. Critics have described the philosophy as a type of “techno-fascism”.
Al Jazeera has contacted Palantir for remark.
