Palantir CEO slams Silicon Valley rivals who he says don't support US military
Palantir reported strong quarterly financial results with a 93% revenue increase, driven by high demand for its AI services. CEO Alex Karp criticized Silicon Valley competitors for their lack of support for the US military and emphasized the company's focus on AI sovereignty.
Why it matters
Palantir's performance highlights the growing intersection of national security and commercial AI development, signaling a shift in how defense-focused tech companies are valued.
Palantir delivered one of its strongest quarters yet, with revenue surging 93% year-over-year to $1.94 billion, well above analyst expectations of $1.801 billion. Net income came in at $1.1 billion, or 41 cents per share, topping Wall Street’s estimate of 35 cents. Investors responded positively, sending shares up more than 14% in after-hours trading. According to a report by Fortune, on the earnings call, Palantir CEO Alex Karp appeared jubilant, pounding his pen on the table and taking aim at unnamed Silicon Valley AI rivals who he said ‘eat vegetables’ and don’t support the US military.
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