"Palantir celebrated its latest financial results on Monday, as the tech company blew past Wall Street expectations and continues to prop up the Trump administration's push to deport immigrants. Palantir has secured millions of dollars in federal contracts amid Trump's crackdown on immigrants. The multibillion-dollar Denver-based firm creates tech focused on surveillance and analytics, to be used by the government agencies and private companies."
"Palantir chief executive Alex Karp told CNBC in an interview Monday that Palantir helps protect sensitive data. If you are critical of ICE, you should be out there protesting for more Palantir, he said. Our product, actually, in its core, requires people to conform with fourth amendment data protection. The company beat Wall Street expectations of $1.33bn with $1.41bn in revenue for the fourth quarter of 2025."
Palantir reported fourth-quarter revenue of $1.41 billion and EPS of $0.25, beating Wall Street expectations and lifting shares about 8% after-hours. Revenue from government contracts grew 66% year over year to $570 million, with the Department of Defense and Department of Homeland Security among major clients. The firm has secured federal contracts tied to immigration enforcement under the Trump administration, prompting criticism amid protests and civil liberties concerns. CEO Alex Karp emphasized data protection and described the quarter as a historic corporate performance, with the quarter marking a 70% year-over-year revenue increase.
#palantir #government-contracts #immigration-enforcement #surveillance-technology #financial-results
Read at www.theguardian.com
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