Palantir CEO says it's pioneering an antiwar movement – while happily accepting defense dollars
Palantir Technologies, a U.S. military and intelligence software provider, achieved significant financial growth with Q3 revenue up 96% to $2.31 billion. CEO Alex Karp used the results to characterize Palantir's defense work as aligned with an antiwar movement, emphasizing the company's mission to support military and intelligence objectives. Despite strong financials, the company's stock fell 8% following the results announcement.
Key points
- Q3 revenue grew 96% year-on-year to $2.31 billion
- CEO positioned defense work within a broader antiwar mission narrative
- Stock declined 8% despite strong revenue performance
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