Overview

• Palantir reported Q1 revenue of $884 million, a 39% increase from the previous year, exceeding analyst expectations.
• The company raised its full-year revenue guidance to $3.89–3.90 billion, reflecting confidence in its growth trajectory.
• CEO Alex Karp and CTO Shyam Sankar publicly endorsed the Department of Government Efficiency (DOGE), describing its cost-cutting efforts as necessary to reduce waste in federal spending.
• Palantir disclosed a $30 million contract modification with Immigration and Customs Enforcement (ICE) for enhancements to its Immigration Lifecycle Operating System.
• The company launched a meritocracy-focused fellowship for non-college enrollees, aligning with its cultural shift toward inclusivity and innovation.