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[BUSINESS] · United States, Israel · 47 sources

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Palantir Technologies posts 93% revenue jump, lifts 2026 outlook amid Gaza criticism

Palantir Technologies reported second‑quarter 2026 revenue of $1.94 billion, a 93 percent year‑over‑year increase. U.S. commercial revenue rose 149 percent to $764 million and U.S. government revenue grew 90 percent to $809 million. Net income attributable to common shareholders more than tripled to $1.06 billion and adjusted earnings per share were $0.41, beating the $0.34‑$0.35 consensus.

The company raised its full‑year 2026 revenue guidance to $8.15‑$8.16 billion and its U.S. commercial revenue forecast to exceed $3.42 billion. Shares jumped more than 14 percent in after‑hours trading. CEO Alex Karp called the quarter “otherworldly,” warned that frontier AI labs pose “Marxist” risks, and emphasized a push for “AI sovereignty.”

Palantir’s rapid growth has drawn criticism over its expanded partnership with Israel’s defense ministry and alleged use of its software in the Gaza conflict, prompting scrutiny from human‑rights groups and debate in Europe about reducing reliance on the firm’s technology.

Entities

Alex Karp · Anduril · Anduril Industries · Artificial Intelligence Platform (AIP) · Israel Defense Ministry · Morningstar · Nvidia · Nvidia Corporation · Palantir Technologies · Palantir Technologies Inc. · U.S. commercial customers · U.S. commercial sector

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