Defense contractor Palantir says ‘massive cultural shift in the U.S.’ has justified 20 years of thankless toil. ‘We were the freak show … and we spent 20 years for this moment’

Quick Summary:

The AI darling’s U.S.revenue grew 55% year-over-year to $628 million as CEO Alex Karp offered bullish guidance.

Palantir shares currently trade at roughly 200 times its projected earnings over the next 12 months, according to estimates from S&P Capital IQ, compared to a forward P/E ratio of just over 20 for the S&P 500.

Sankar, the chief technology officer, touted the delivery of the first TITAN vehicles, for which Palantir was the primary contractor, to the U.S.Army in Q1.

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Article Details

Author / Journalist: Greg McKenna

Category: EconomyBusiness

Markets: United States

Topics: Silicon Valley DOGE A.I. Palantir Donald Trump Defense Military

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 18:04:30 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 699 words

Reading Time: 4 minutes read

Sentences: 7 lines

Sentence Length: 100 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28445102

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Official Website: fortune.com

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