Palantir Technologies

Palantir reported FY2025 revenue of $4.475 billion (up 56%) with $1.625 billion GAAP net income on February 2, 2026, then abruptly announced on February 17 that it was moving its headquarters from Denver to Miami. Q1 2026 revenue accelerated to 85% growth - the company's highest ever - prompting raised full-year guidance of ~$7.65 billion.

In March 2026 the Wall Street Journal reported that an Anduril-Palantir consortium is building the command-and-control software 'glue layer' for the $185 billion Golden Dome missile shield. In June 2026 the Army established the NGC2 common data layer baseline with Palantir Foundry as its cloud data platform, and Palantir launched an engine for deploying NVIDIA Nemotron models in sovereign, air-gapped environments.

In April 2026 Palantir signed a $300 million contract with the US Department of Agriculture to build software tracking and safeguarding the US food supply chain, extending the company's civil-government footprint beyond defense and intelligence customers.

On April 28, 2026 Vice Admiral Thomas Daum, the Bundeswehr's cyber and information domain inspector, confirms Germany's armed forces will not select Palantir for a planned military cloud and AI infrastructure project, citing data-sovereignty concerns about foreign-vendor personnel access to national datasets. Three European alternatives are shortlisted instead - Almato (Stuttgart), Orcrist (Berlin), and Chapsvision (Paris, the same firm that replaced Palantir at France's DGSI) - with evaluation through summer 2026 and a contract award targeted by year-end.

Palantir reported Q2 2026 revenue of $1.935 billion on August 3, up 93% year over year, with GAAP diluted EPS of $0.41 and US commercial revenue up 149% to $764 million. The company raised full-year 2026 revenue guidance to $8.15-8.16 billion (82% growth) and adjusted free cash flow guidance to $4.50-4.70 billion.

On August 3, 2026 Mercury Systems announced a strategic agreement with Palantir to automate material planning and factory operations across its U.S. defense-manufacturing sites, building an enterprise ontology on Foundry as a digital twin of Mercury's production footprint. The effort, sponsored under a U.S. government Tradewind Prototype Agreement, targets reduced manual workloads and more predictable output without extending delivery timelines or raising costs.

Deputy Defense Secretary Stephen Feinberg signs an August 4, 2026 memo, made public August 11, directing Pentagon acquisition and comptroller officials to spend up to $243.9 million on Palantir services through March 31, 2027 without competitive bidding, with additional funding pathways contemplated through December 2028. The memo does not specify how the money will be used, drawing criticism from transparency advocates over the lack of competitive bidding.

On August 5, 2026 Pentagon leadership appointed Army Col. Molly Solsbury as Maven Smart System program director inside the Chief Digital and Artificial Intelligence Office (CDAO), anchoring a dedicated team to drive the platform's transition into a formal program of record ahead of the September 30, 2026 fiscal year-end deadline.

Golden Dome program director Gen. Michael Guetlein disclosed in mid-August 2026 that the missile-shield's command-and-control software, including the Anduril-Palantir 'glue layer,' had completed its first large-scale tests, including one at White Sands Missile Range in June 2026, calling them 'phenomenally successful.' Defense Secretary Pete Hegseth separately called one test a 'full mission success.' The tests validated the C2, sensor-network, and effector integration ahead of the program's targeted 2028 initial operational capability.

Following Deputy Secretary of War Steve Feinberg's March 9, 2026 directive and the August 5 appointment of a dedicated program director, the Pentagon completed Maven Smart System's transition into a formal program of record in late August 2026, ahead of the September 30 fiscal year-end deadline. The designation moves Maven from year-to-year contract funding into the structured defense budget cycle, with oversight held by the Chief Digital and Artificial Intelligence Office and future contracting managed through the Army's enterprise agreement; the Pentagon's FY2027 budget separately requests $2.3 billion over five years to expand Maven and a related Joint Fires Network.

On September 1, 2026 the U.S. Army issued TITAN production delivery orders totaling $192 million, moving the AI-enabled Tactical Intelligence Targeting Access Node from prototype into production. Palantir, as prime, received about $127 million for eight systems (four Advanced and four Basic) plus software and fielding, with first delivery inside 18 months. Anduril received about $65 million for ruggedized vehicle-mounted hardware and shelter integration. The Army said it expects additional production awards in fiscal 2027.

Coles Group said it agreed with Palantir to conclude a three-year Foundry and AI analytics partnership signed in February 2024 for rostering, store operations and supply chain planning across more than 840 Australian stores. The arrangement is not expected to run beyond calendar 2027, with transition timing still unset. GetUp! claimed the outcome after a campaign that gathered about 86,000 petition signatures; Coles said the software is deployed in Coles' own environment under Coles controls and is not a surveillance tool.

On September 8, 2026 Britain's National Energy System Operator awarded Palantir a £17.7 million contract (£21.2 million including VAT) without a tender to keep licensing and supporting Connections and Skip Rates on Foundry. The agreement runs to July 31, 2027 with extensions available to July 31, 2028 while NESO prepares a competitive replacement. NESO said Palantir has the specialist knowledge to maintain the platform transferred from National Grid ESO in 2023, and that the extension does not determine the long-term supplier.

On September 8, 2026 Palantir and Nebius announced a strategic partnership under which Palantir named Nebius its preferred sovereign AI infrastructure partner for commercial customers. After an integration period, Nebius compute and inference endpoints are to sit inside the Palantir enterprise perimeter so eligible customers can run open models on infrastructure they control. The companies also said they would add capacity faster, including modular data-center deployments at sites where power is already available.

Health innovation minister James Frith told Commons health committee chair Layla Moran that about 60,000 additional people used the National Data Opt-Out between mid-May and mid-July 2026, a rise he said moved in line with media interest in Palantir's NHS Federated Data Platform. Frith said he was worried about mistrust of the company and the impact on patients' willingness to share data with the NHS. The opt-out covers research and planning use rather than direct care.

On September 10, 2026 Palantir and Nvidia announced a collaboration that puts Nvidia Nemotron open models and cuOpt into Palantir Foundry, AIP, and Ontology for supply-chain operations. The first deployment is Nvidia's own supply chain, which the companies said spans 1.3 million parts per Vera Rubin rack. The Palantir Sovereign AI Operating System reference architecture can run on premises with Dell and Cisco or in the cloud with Rackspace and Nebius, and will be showcased at Palantir's AIPCon 11.

On September 11, 2026 Method Security and Palantir announced the Cardinal Program, offering select municipalities, utilities, and critical-infrastructure operators opt-in autonomous red-team assessments at no cost. Method's platform maps and safely tests internet-facing assets; Palantir Foundry, AIP, and Ontology for Cybersecurity are used to deliver findings inside participant-defined rules of engagement. The companies said the model could later give government agencies a technical vehicle to apply the same capabilities to systems in their mandates.

At AIPCon 11 on September 10, 2026, Cisco President Jeetu Patel said Palantir's Ontology for Cybersecurity will be offered through Cisco's Secure AI Factory with Nvidia, combining post-trained Nemotron models with Cisco infrastructure. The same day, FAA associate administrator Nick Fuller said the Aviation Safety Management Office is using Palantir Foundry, Ontology, and AIP to support Flight Plan 2026, combining siloed safety data into a national risk picture while keeping humans accountable for actions. L3Harris said it now has 3.5 million data connections and more than 5,000 scheduled feeds on Foundry.

On March 25, 2025, NATO's Communications and Information Agency finalized acquisition of Maven Smart System NATO for Allied Command Operations - one of the fastest procurements in alliance history at six months from requirement to award. Two months later the Pentagon raised Palantir's Maven contract ceiling from $480 million to ~$1.3 billion through 2029.

On July 31, 2025, the US Army consolidated 75 separate contracts into a single ten-year Enterprise Service Agreement with Palantir capped at $10 billion, streamlining how the service buys Palantir software. Days earlier, the Anduril-Palantir team won a $100 million prototype award for the Army's Next Generation Command and Control (NGC2) program.

In September 2025 Palantir and the UK government announced a strategic defense partnership under which Palantir will invest £1.5 billion (~$2 billion) in the UK and base its European headquarters in Britain. The Ministry of Defence followed with a directly awarded £240.6 million three-year contract signed December 30, 2025.

In March 2024 the Army awarded Palantir a $178 million contract to build 10 TITAN (Tactical Intelligence Targeting Access Node) AI-enabled ground stations, the first time a software company served as prime contractor on a major Army hardware program. Palantir also won the $480 million Maven Smart System contract that May.

S&P Dow Jones Indices added Palantir to the S&P 500 effective September 23, 2024, replacing American Airlines; the stock jumped 14% on the news. In November 2024 Palantir moved its listing from the NYSE to the Nasdaq Global Select Market.

Palantir launched its Artificial Intelligence Platform (AIP) in April 2023, integrating large language models into customers' private networks, and pioneered hands-on 'bootcamps' to compress sales cycles. AIP became the engine of triple-digit US commercial growth. The company also posted its first GAAP-profitable quarter in Q1 2023.

Palantir went public via direct listing on September 30, 2020, opening at $10 against a $7.25 reference price - roughly a $22 billion opening valuation. It also moved its headquarters from Palo Alto to Denver that year.

After Google withdrew from the Pentagon's Project Maven AI program under employee pressure, Palantir took over the drone-imagery analysis work. Maven became the foundation of Palantir's flagship military AI offering, the Maven Smart System.

Palantir released its second platform, Foundry, to address data-integration challenges at large companies, opening a commercial business beyond government. The same year it partnered with Airbus (later the Skywise platform) and won a landmark lawsuit against the US Army over software procurement practices.

Palantir released its first platform, Gotham, built for analysts at defense and intelligence agencies hunting for 'needles in thousands of haystacks.' That year US Army special operations commanders deployed it in the field, beginning Palantir's long relationship with the military.

The CIA's venture arm In-Q-Tel invested roughly $2 million, alongside ~$30 million bankrolled largely by Thiel and Founders Fund. Intelligence-community analysts became the company's first users, shaping the software that would become Gotham.

Peter Thiel, Alex Karp, Stephen Cohen, Joe Lonsdale, and Nathan Gettings found Palantir, named after the 'seeing stones' of Tolkien's legendarium. The founding vision was to adapt PayPal-style fraud-detection techniques to counter-terrorism while preserving civil liberties.