Palantir Technologies builds data-integration and AI software platforms - Gotham for defense and intelligence, Foundry for enterprises and civil government, AIP for deploying large language models on private networks, and Apollo for continuous software delivery into classified and air-gapped environments.
Latest update Oct 16, 2026
01
Founded in 2003 by Peter Thiel, Alex Karp and others with early CIA backing via In-Q-Tel, the company relocated its principal executive office from Denver to Aventura, Florida (19505 Biscayne Boulevard, Suite 2350) effective 17 February 2026; Aventura is in Miami-Dade County and is the address on the Q2 2026 10-Q cover. It is a leading software prime contractor in US defense: Maven Smart System carries a roughly $1.3 billion contract ceiling through 2029 and is the subject of a Pentagon FY2027 budget request of $2.3 billion over five years to expand it and a related Joint Fires Network. Motley Fool reported on 25 August 2026 that Maven had become a formal Pentagon program of record, but that piece quotes the March Feinberg memo rather than a later designation notice; DefenseScoop's 22 September DefenseTalks recap still described the memo as a direction to complete the transition by fiscal year-end 30 September. The Army signed an enterprise agreement worth up to $10 billion over ten years in July 2025; Foundry contributes to the Army's NGC2 common data layer baseline alongside Anduril's Lattice; and Palantir is teamed with Anduril on command-and-control software for the Golden Dome missile shield, which passed its first publicly disclosed tests in mid-2026. Allied business includes NATO acquiring Maven in 2025 and a UK partnership under which Palantir will invest 1.5 billion pounds and base its European headquarters in Britain. US commercial revenue rose 149% year-over-year in Q2 2026. FY2025 revenue was $4.475 billion (up 56%) with $1.625 billion in GAAP net income, Q2 2026 revenue hit a record $1.94 billion (up 93%), and 2026 guidance was raised to $8.150-8.158 billion (82% growth) with Q3 2026 guidance of $2.160-2.164 billion. Palantir IR Events now lists Q3 2026 earnings on 2 November 2026. A Business Wire release says results for the quarter ended 30 September 2026 will be released Monday, 2 November 2026, after the U.S. close, with a webcast at 5:00 p.m. ET. An older nextStep still says November 9 until that estimate is slipped. It serves 1,049 customers and held $9.2 billion in cash and treasuries with no debt at 30 June. Headwinds include European data-sovereignty pushback and civil-liberties criticism of ICE and policing work. On 3 September 2026 Palantir and PwC US announced an expanded strategic alliance. On 11 September Palantir and Method Security launched the Cardinal Program. A day earlier at AIPCon 11, Palantir and Nvidia published the Sovereign AI Operating System reference stack, Cisco said Palantir's Ontology for Cybersecurity will be offered through Cisco's Secure AI Factory, and the FAA said it is using Palantir for Flight Plan 2026. On 14 September Reuters, citing The Information, reported Palantir has pressed Anthropic for irrevocable zero-data-retention guarantees. On 18 September Palantir named former Labour deputy leader Tom Watson as UK senior vice president. Bloomberg reported on 18-19 September that some CENTCOM personnel relied too heavily on Maven during targeting for the 28 February Minab school strike; Palantir said it is not responsible for the underlying data. On 29 September CEO Alex Karp attended a White House East Room AI lunch, a Palantir spokesperson told CBS News. On 12 October 2026 Ondas furnished an 8-K with a joint Regna AI release quoting Alex Karp. Regna is initially wholly owned by Ondas. No Palantir equity, revenue share, price, Palantir 8-K, or named deployment date beyond Ondas as the first customer was disclosed.
businesswire.comUpdated Oct 16, 2026
Analysis · 6 min read · Jul 27, 2026The long view on Palantir Technologies: strategy, technology and what to watch02
2026-2027
After Bloomberg reported a Pentagon investigation citing overreliance on Maven in the February 28 Minab school strike, a person familiar with the matter said Palantir added capabilities to re-review intelligence for factors that would disqualify a target and to flag inconsistencies humans may have missed. Watch whether the Pentagon investigation's findings are published, whether Maven's program-of-record expansion continues, and whether the new review tools become a stated requirement in Maven and Joint Fires Network work.
2026-2027
After the September 10, 2026 renewal, Fujitsu is to staff Forward Deployed Engineers on AIP and Foundry for customers in Japan and abroad and bring Takane and Uvance into those deployments. Watch named customer wins beyond the cited Japanese manufacturer case and whether the Global FDE title turns into a measurable commercial book.
2026-2027
After the September 11, 2026 launch, Method and Palantir still have to enroll municipalities, utilities, and critical-infrastructure operators in the opt-in Cardinal Program and show that autonomous red-team assessments can run safely at no cost. Watch for named participants, first published findings or hardening guidance, and any government agency that adopts Cardinal as a vehicle for systems in its mandate.
2026
After 85% growth in Q1 and a record 93% in Q2, Palantir raised full-year 2026 guidance to $8.150-8.158 billion in revenue (82% growth), over $3.424 billion of US commercial revenue (+134%), and $4.5-4.7 billion of adjusted free cash flow. Delivering on this would nearly double the FY2025 top line and is the central test of whether its AI-driven acceleration, now reinforced by Maven's program-of-record status, is durable.
2026-2027
AIPCon 11 on September 10, 2026 showcased the SAIOS stack on Nvidia's own supply chain (Command Center, Nemotron 3.5 Lightning, on-prem). The remaining test is whether other manufacturing, energy, healthcare, automotive, and aerospace customers adopt the same Foundry/AIP/Nemotron/cuOpt stack on Dell, Cisco, Rackspace, or Nebius infrastructure.
2026-2027
At AIPCon 11 on September 10, 2026, Cisco said Palantir's Ontology for Cybersecurity will be offered through Cisco's Secure AI Factory with Nvidia. Watch for named enterprise or government customers, a generally available offering, and whether the stack sits alongside the Cardinal Program and the Nvidia SAIOS reference architecture.
2026-2027
FAA associate administrator Nick Fuller said at AIPCon 11 that the Aviation Safety Management Office is using Palantir to integrate siloed safety sources into a shared ontology for Flight Plan 2026. The next test is whether that national risk picture moves from ASM workflows into broader National Airspace System operations, with humans still accountable for actions.
2026
TargetAfter 30 September 2026
Nov 9, 2026
Palantir's next quarterly report is expected around November 9, 2026, having guided Q3 2026 revenue of $2.160-2.164 billion and adjusted income from operations of $1.292-1.296 billion. Investors will watch whether US commercial growth holds near triple digits and whether the raised FY2026 guidance is met or exceeded again.
Feb 2027
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. Ministers still have to decide whether to use the February 2027 break point on the seven-year £330 million contract. On September 18, 2026 Palantir named former Labour deputy leader Tom Watson as UK senior vice president, a hire Bloomberg and the Guardian tied to defending that NHS contract and wider UK public-sector work. The opt-out covers research and planning rather than direct care, but Frith said he was worried about mistrust of the company and the impact on patients' willingness to share data with the NHS.
2027
The Army's FY2027 budget request ($3.78 billion for NGC2) funds fielding the full NGC2 stack to two divisions in FY2027, following operational validation at the 4th Infantry Division (including the July 20-29, 2026 Project Convergence-Capstone 6 exercise at Fort Irwin) and the 25th Infantry Division, with three more division equivalents procured for FY2028. In June 2026 the Army named Anduril as lead integrator for the NGC2 common data layer baseline, with Palantir's Foundry contributing the edge-to-cloud data mesh alongside Anduril's Lattice - Anduril leads the full-stack rollout at 4th ID and Lockheed Martin leads at 25th ID. The Army wants all 11 divisions equipped within five years, a multi-year revenue runway for Palantir even as its data-layer role sits within a broader multi-vendor stack rather than as sole platform.
Sep 2027
Under the $48.09 million delivery order awarded September 17, 2026, Palantir has a 12-month base period to develop, configure and field the core capabilities of a single enterprise ammunition management system, retiring nine legacy Army platforms. Watch whether the Army exercises any of the five option years, whether the legacy systems are actually decommissioned on schedule, and whether the win opens the wider PM LOG-FIN logistics, finance and personnel modernization scope to Palantir.
Early 2028
Following the September 1, 2026 $192 million TITAN production awards, Palantir as prime is to deliver eight AI-enabled ground stations (four Advanced and four Basic) within 18 months, with additional Army production awards expected in fiscal 2027.
Summer 2028
Following the successful mid-2026 command-and-control tests, the Golden Dome missile shield's Anduril-Palantir software backbone faces further validation ahead of the program's targeted initial operational capability in summer 2028, alongside separately planned space-based-interceptor flight demonstrations in 2027. The Department of War's FY2027 request includes about $17.1 billion for the Golden Dome for America Fund. Program funding remains a watch item even as the software track advances on schedule.
Ongoing
Google DeepMind's September 2, 2026 launch of Gemini 3.8 Flash Cyber and its Fairwind Program - which gives vetted governments, critical-infrastructure operators and defenders early access to an autonomous vulnerability-discovery and patching model - was read by investors as a direct move into Palantir's core government AI territory, and contributed to a 7% drop in Palantir shares the same day even as the company had just landed the TITAN production award and hired AIG's Peter Zaffino as global head of financial services. How much of Fairwind's government/critical-infrastructure customer base overlaps with Palantir's Gotham/Maven accounts is not yet clear.
FY2027
Now that Maven Smart System is a formal program of record, its funding runs through the normal defense budget cycle rather than ad hoc contract actions. The Pentagon's FY2027 budget request asks Congress for $2.3 billion over five years to expand Maven and a related Joint Fires Network connecting battlefield intelligence directly to weapons systems - the first time Maven has been framed as a core, rather than experimental, budget line. DefenseScoop separately reported more than $1.5 billion of that request is to expand Maven access across the Joint Force. As of September 16, 2026 Congress has not enacted the FY2027 defense bills.
Unspecified
Japan's Defense Ministry is still weighing Palantir's Maven Smart System for Self-Defense Force command and control after using it in the Keen Edge exercise in early 2026. Joint Staff chief Hiroaki Uchikura has said no Palantir system has been chosen. Tokyo is also considering a domestic Sakana Fugu orchestrator and plans to put AI command-and-control language into 2026 security-document rewrites and the FY2027 budget request. No procurement decision or timeline has been announced.
Unspecified
After naming Nebius its preferred sovereign AI infrastructure partner on September 8, 2026, Palantir still has to complete the integration so eligible commercial customers can use Nebius compute and inference endpoints inside the Palantir enterprise perimeter, and to stand up modular data-center capacity at powered sites. No integration completion date was disclosed. The September 10, 2026 Palantir-Nvidia SAIOS stack also names Nebius, with Rackspace, as a cloud deployment option.
Unspecified
Reuters, citing The Information on September 14, 2026, reported that Palantir has pressed Anthropic for irrevocable zero-data-retention guarantees before making Anthropic models available through Palantir software, amid a broader industry fight over whether frontier labs retain customer prompts and logs. Watch whether Palantir ships Anthropic (or OpenAI) models inside AIP/Foundry under a ZDR contract, substitutes Nvidia Nemotron and other open models, or leaves the gap unfilled for sovereign customers.
03
Ondas said on Oct. 12 that it formed Regna AI, a private company it initially wholly owns, with Palantir supplying model-training infrastructure and forward-deployed engineering. Ondas will be the first customer, running fine-tuned models for autonomous mission orchestration on edge systems such as drones, balloons, ground vehicles, vessels and command nodes. The release does not state a Palantir ownership stake or a contract value.
A US defense official told the BBC on Oct. 5, 2026 that the Pentagon has ceased the use of Anthropic products, after Secretary Pete Hegseth designated the company a supply-chain risk in February and set a late-August phaseout. The BBC said Anthropic declined to comment, and unnamed sources claimed Claude was still used as recently as last week, including through Palantir's Maven Smart System. No defense.gov posting of the Monday statement was found; that confirmation is reported through the BBC.
Palantir named Armada its inaugural certified modular data-center partner on Oct. 1, 2026, to host Palantir's Sovereign AI Operating System on Armada Galleon modular data centers manufactured in the United States and allied nations. Palantir said it will validate AIP, Ontology, Foundry and Apollo on that hardware, with Armada's platform able to run air-gapped. Armada is not in this catalog, and no contract value was disclosed.
President Donald Trump and House Speaker Mike Johnson scheduled a 12:30 p.m. Eastern White House East Room lunch on September 29, 2026 with AI company executives. OpenAI, Google and Palantir spokespeople told CBS News that President Greg Brockman, CEO Sundar Pichai and CEO Alex Karp are attending; Anthropic CEO Dario Amodei is expected per a source familiar with his plans, Nvidia CEO Jensen Huang per a source familiar with his plans, and Alphabet confirmed Pichai to CNBC. Earlier Tuesday Trump unveiled America.gov, which a White House official told NBC News uses Gemini and Grok, and said he will not stifle AI growth; Johnson has said the United States does not need a development moratorium. Coverage reviewed had no White House readout of new rules. A White House guest list and official also named Meta CEO Mark Zuckerberg, Tesla and SpaceX CEO Elon Musk, Amazon founder Jeff Bezos, Microsoft CEO Satya Nadella and AMD CEO Lisa Su among the broader group.
www.cbsnews.com abcnews.com www.nbcnews.com www.cnbc.com www.cbsnews.com + OpenAI+ Anthropic+ Google DeepMind+ Nvidia
At DefenseScoop's DefenseTalks conference on September 22, deputy undersecretary of defense for research and engineering James Mazol said Palantir's Maven Smart System had grown from about 50,000 users in January to over 100,000 after Operation Epic Fury, with rollout across combatant commands and the National Guard Bureau. Chief digital and AI officer Cameron Stanley said Maven helped the U.S. military strike 13,000 targets in 38 days during that operation. The figures are Pentagon officials' remarks, not a Palantir disclosure, and are distinct from the earlier Minab-investigation story.
Bloomberg reported, citing officials involved in a Pentagon investigation, that stale intelligence, dated imagery, civilian-harm staffing cuts, and overreliance on Palantir's Maven Smart System contributed to a February 28 Tomahawk strike on Shajarah Tayyebeh Elementary School in Minab, Iran, that killed 123 children. Officials said some CENTCOM personnel expected Maven, which fuses more than 150 data sources, to flag stale or inconsistent intelligence as planners compressed target-list work from hours into minutes ahead of more than 1,000 first-day strikes. Palantir said it is not responsible for the underlying data or for identifying intelligence deficiencies and that there is no evidence its software was at fault; a person familiar with the matter told Bloomberg that after the strike the company added Maven tools to re-review intelligence for disqualifying factors and inconsistencies.
Former Labour deputy leader Lord Tom Watson has joined Palantir as UK senior vice president, the company said, moving from an adviser role he has held since 2024 to work alongside UK and Europe chief Louis Mosley. Palantir already has UK contracts with the NHS, the Ministry of Defence and 11 police forces, and Mosley said more than one in six Palantir staff are based in Britain. The hire lands as ministers review the seven-year, £330 million NHS Federated Data Platform contract ahead of a February 2027 break clause, and as Palantir faces continued scrutiny of its public-sector work.
The U.S. Army announced on September 17 that it awarded Palantir USG Inc. a $48,094,071 firm-fixed-price delivery order for a software system to track and manage ammunition at the enterprise level, replacing nine separate legacy Army ammunition platforms. The order was awarded competitively through a call for solutions under the Army Open Solicitation and sets a 12-month base period to develop, configure and field the core capabilities, with up to five optional years for continued optimization and scaling. The Army said the commercial low-code platform will give it a single authoritative view of munitions from planning, production and procurement through storage, surveillance, distribution, expenditure and final disposition, and will improve audit readiness.
Palantir and Fujitsu announced on September 10 that they have renewed their partnership and that Fujitsu has signed a new AIP and Foundry agreement with Palantir Technologies Japan and will become a Global Forward Deployed Engineer partner. Fujitsu cited a Japanese manufacturer case covering more than 3,000 suppliers and 18 factories that saved over $10 million in one year. Fujitsu said it will also bring its Takane LLM and Uvance industry offerings into the joint work.
Method Security and Palantir announced the Cardinal Program on September 11, 2026, offering select municipalities, utilities, and critical-infrastructure operators opt-in autonomous red-team assessments at no cost. Method's platform will map and safely test internet-facing assets, with Palantir Foundry, AIP, and Ontology for Cybersecurity used to deliver findings and keep assessments inside agreed rules of engagement. The companies framed it as a model that government agencies could later scale to systems in their mandates.
Palantir and Nvidia announced on September 10, 2026 a sovereign AI supply-chain stack pairing Palantir Foundry, AIP, and Ontology with Nvidia Nemotron open models and cuOpt. 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.
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.
Palantir and Nebius announced on September 8, 2026 that Palantir has 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 will add capacity faster, including modular data-center deployments at sites where power is already available.
Britain's publicly owned National Energy System Operator awarded Palantir a 17.7 million pound contract (21.2 million pounds including VAT) without competition to keep licensing and supporting Connections and Skip Rates on Foundry. The deal runs from September 8, 2026 to July 31, 2027, with six-month extensions available to July 31, 2028, while NESO prepares a competitive replacement expected to start July 31, 2027. NESO said Palantir has the specialist knowledge to maintain the platform, which transferred from National Grid ESO in 2023, and that the extension does not lock in the long-term supplier.
Coles Group said it has agreed with Palantir Technologies to conclude a three-year data and analytics partnership that used Foundry and AI tools for rostering, store operations and supply chain planning across more than 840 stores. The February 2024 deal is not expected to run beyond calendar 2027, and transition timing is still being worked out. GetUp! claimed the outcome after a campaign that gathered about 86,000 petition signatures; Coles said the software runs in Coles' own environment under Coles controls and is not a surveillance tool.
04
Palantir's defense and intelligence operating system, released in 2008, fuses satellite imagery, signals, and intelligence sources so analysts and commanders can find targets and run operations. Its AI evolution, the Maven Smart System, combines those workflows with large-model assistance for targeting and command and control.
Palantir's data-integration platform for enterprises and civil government, released in 2016, turns an organization's data into an integrated 'ontology' that operational applications are built on. It underpins the UK NHS Federated Data Platform and contributes to the US Army's Next Generation Command and Control (NGC2) common data layer baseline established in June 2026, alongside Anduril's Lattice, with Anduril as lead integrator.
Launched in April 2023, AIP lets organizations run large language models and AI agents against their own data on private, secure networks, with hands-on 'bootcamps' taking customers from zero to a working use case in days. AIP is the primary driver of Palantir's triple-digit US commercial growth and now hosts NVIDIA Nemotron open models for sovereign government deployments.
Palantir's continuous-delivery and deployment platform, which autonomously ships and updates software across cloud, on-premise, classified, and air-gapped environments. Apollo is what lets Palantir operate SaaS-style inside secure government networks, and it anchors the company's sovereign AI stack, including the June 2026 engine for deploying NVIDIA Nemotron models in sovereign environments.
05
(+56%); FY2026 guidance raised to $8.150-8.158B (~82% growth) after Q2's 93% YoY growth; Q3 2026 guidance of $2.160-2.164B revenue issued Aug 3, 2026, with the report expected around November 9, 2026
(Sept 11, 2026, shares opened at $165.86), down from about $447B in late August after the Q2 beat
(Jun 30, 2026, +24% YoY); 653 US commercial customers (+35% YoY) - latest disclosed figure; Q3 2026 results not yet reported
(Dec 31, 2025) - latest officially disclosed figure; Palantir does not report headcount in quarterly filings
Over 100,000 as of 22 September 2026, up from about 50,000 in January, per deputy undersecretary James Mazol at DefenseTalks; CDAO Cameron Stanley said Maven helped strike 13,000 targets in 38 days during Operation Epic Fury.
06
Operating status
Operational; Q3 date posted, Regna terms undisclosed
Palantir IR Events and Business Wire item 20261012995260 set Q3 2026 results for Monday, 2 November 2026, after the U.S. close, with a webcast at 5:00 p.m. ET. Results themselves are not yet published. An older nextStep still says November 9 until that estimate is slipped. Ondas's 12 Oct 2026 8-K furnishes a joint Regna AI release that quotes Alex Karp. Regna is initially wholly owned by Ondas. Palantir is to provide training infrastructure and forward-deployed engineering. Ondas is the first customer, with further deployments described only as over the coming months. No Palantir equity stake, revenue share, price, or Palantir 8-K was found. As of 16 Oct 2026 no defense.gov or war.gov item opened in this check states that Maven Smart System completed program-of-record designation after 30 Sep. That confirmation milestone stays open through 31 Dec 2026.
Software licenses and services for defense, intelligence, and civil agencies - Gotham, the Maven Smart System (~$1.3B ceiling through 2029), TITAN ground stations, the NGC2 data layer, and the Army's up-to-$10B Enterprise Service Agreement. US government revenue was $1.855B in FY2025 (+55%) and grew 84% year-over-year in Q1 2026.
Enterprise subscriptions to Foundry and AIP, sold increasingly through short 'bootcamp' engagements that convert into large contracts. US commercial revenue was $1.465B in FY2025 (+109%) and reached $764M in Q2 2026 (+149% YoY), with $6.24B of remaining deal value (more than doubled YoY) and a record $2.13B of US commercial total contract value closed in the quarter - the company's fastest-growing segment.
International government & allied defense
Contracts with allied governments including NATO's Maven Smart System acquisition (March 2025), the UK MoD's £240.6M three-year contract signed December 2025 plus the £330M NHS Federated Data Platform, and deployments supporting Ukraine. International business (UK ~$427M plus rest-of-world ~$728M in 2025) accounts for roughly a quarter of revenue. European sovereignty pushback is a growing headwind: France's DGSI dropped Palantir for ChapsVision in 2026, Germany's Bundeswehr formally excluded Palantir from a planned military cloud/AI project in April 2026, shortlisting three European alternatives, and in September 2026 the UK health innovation minister linked Palantir mistrust to about 60,000 additional NHS National Data Opt-Outs between mid-May and mid-July.
07
How past announced dates turned out.
4/4announced dates hit on time
Palantir to publish its official Q3 2026 earnings date
Target Early November 2026 · Resolved Oct 12, 2026
Palantir IR Events lists Q3 2026 earnings on 2 November 2026. Business Wire item 20261012995260 says results for the quarter ended 30 September 2026 will be released Monday, 2 November 2026, after the U.S. close, with a webcast at 5:00 p.m. ET. The hit date is the wire item date, not the earnings date.
Maven Smart System becomes a formal DoD program of record
Target Q3 2026 · Resolved Aug 25, 2026
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 set by Deputy Secretary of War Steve Feinberg's March 2026 directive. The designation moves Maven onto structured, multi-year defense budget funding under Chief Digital and Artificial Intelligence Office oversight, with future contracting managed through the Army's enterprise agreement.
Golden Dome C2 software ready for testing
Target Summer 2026 · Resolved Aug 11, 2026
Golden Dome program director Gen. Michael Guetlein disclosed that the missile shield's command-and-control software, including the Anduril-Palantir 'glue layer,' completed its first large-scale tests on schedule, including one at White Sands Missile Range in June 2026, calling the results 'phenomenally successful.' Defense Secretary Pete Hegseth separately called one test a 'full mission success.'
Q2 2026 earnings report
Target August 3, 2026 · Resolved Aug 3, 2026
Palantir reported record Q2 2026 revenue of $1.94B (+93% YoY), beating consensus ($1.81B) with EPS of $0.41 vs. $0.35 estimated. US commercial revenue grew 149% YoY to $764M and US government revenue grew 90% YoY to $809M. The company raised FY2026 revenue guidance to $8.150-8.158B (82% growth) and issued Q3 2026 guidance of $2.160-2.164B.
08
2026
Posts official Q3 2026 earnings date
Palantir said results for the quarter ended 30 September 2026 will be released Monday, 2 November 2026, after the U.S. close, with a webcast at 5:00 p.m. ET. Palantir IR Events lists that date. The Business Wire item is 20261012995260. Results are not yet published.
Ondas forms Regna AI with Palantir infrastructure
On Oct. 12, 2026 Ondas said it formed Regna AI, a private company Ondas initially wholly owns, to fine-tune models for customer-controlled environments. Palantir will provide training infrastructure and forward-deployed engineering. Ondas is the first customer for edge mission orchestration. No Palantir ownership stake or contract value was disclosed.
BBC: Pentagon says Anthropic products removed from Maven-era use
On Oct. 5, 2026 a Pentagon official told the BBC the department has ceased Anthropic products. Unnamed BBC sources said Claude had been used as recently as last week through Palantir's Maven Smart System. Palantir did not issue a matching statement in sources opened this pass. Maven user-count remarks from Sept. 22 remain as previously recorded.
Names Armada inaugural modular data-center partner
On Oct. 1, 2026 Palantir named Armada its inaugural certified modular data-center partner and said it will validate and integrate its Sovereign AI Operating System (AIP, Ontology, Foundry, Apollo) on Armada Galleon modular data centers manufactured in the U.S. and allied nations. The Armada Platform can run air-gapped. No contract value was disclosed.
Karp attends White House East Room AI lunch
On September 29, 2026 Palantir CEO Alex Karp is attending a White House East Room lunch with President Trump and Speaker Johnson, a Palantir spokesperson told CBS News. ABC News also listed Karp on a guest list released by the White House, with CTO Shyam Sankar named alongside him.
Pentagon officials say Maven users topped 100,000
On September 22, 2026 at DefenseTalks, deputy undersecretary James Mazol said Palantir's Maven Smart System had about 50,000 users in January and more than 100,000 after Operation Epic Fury, with proliferation to combatant commands and the National Guard Bureau. CDAO Cameron Stanley said Maven helped strike 13,000 targets in 38 days during that operation. DefenseScoop reported the remarks; they are official statements, not a Palantir filing.
Pentagon investigation cites overreliance on Maven in Minab strike
Bloomberg reported, citing officials involved in a Pentagon investigation, that stale intelligence, dated imagery, civilian-harm staffing cuts, and overreliance on Palantir's Maven Smart System contributed to a February 28 Tomahawk strike on Shajarah Tayyebeh Elementary School in Minab, Iran, that killed 123 children. Officials said some CENTCOM personnel expected Maven to flag stale or inconsistent intelligence as first-day targeting was compressed from hours into minutes. Palantir said it is not responsible for the underlying data or for identifying intelligence deficiencies and that there is no evidence its software was at fault; a person familiar with the matter said that after the strike Palantir added Maven capabilities to re-review intelligence for disqualifying factors and inconsistencies.
Hires Tom Watson as UK senior vice president
On September 18, 2026 Palantir named former Labour deputy leader Lord Tom Watson as UK senior vice president, moving him from an adviser role he has held since 2024 to work alongside UK and Europe chief Louis Mosley. Palantir already holds UK contracts with the NHS, the Ministry of Defence and 11 police forces; Mosley said more than one in six Palantir staff are based in Britain. The appointment lands as ministers review the seven-year, £330 million NHS Federated Data Platform contract ahead of a February 2027 break clause.
2026
Wins $48M Army enterprise ammunition management order
On September 17, 2026 the U.S. Army awarded Palantir USG Inc. a $48,094,071 firm-fixed-price delivery order for an enterprise software system to track and manage ammunition, replacing nine separate legacy Army ammunition platforms including the Standard Army Ammunition System - Modernization, the Ammunition Supply Point Management System, the Munitions History Program and the Price Budget and Execution Suite. The order was awarded competitively through a three-phase call for solutions under the Army Open Solicitation and sets a 12-month base period to develop, configure and field core capabilities, with up to five optional years for continued optimization and scaling. The commercial low-code platform is intended to give the Army a single authoritative view of munitions from planning, production and procurement through storage, surveillance, distribution, expenditure and final disposition, and to improve audit readiness.
Presses Anthropic for irrevocable zero-data-retention
On September 14, 2026 Reuters, citing The Information, reported that Palantir has pressed Anthropic to provide irrevocable zero-data-retention guarantees before making Anthropic models available through Palantir software. The same report said Nvidia and Booz Allen Hamilton were also tightening use of frontier models over intellectual-property and data-retention concerns. Palantir, Nvidia, Booz Allen, Anthropic and OpenAI did not immediately comment to Reuters.
Names Fujitsu a Global FDE partner
On September 10, 2026 Palantir and Fujitsu renewed their partnership. Fujitsu signed a new AIP and Foundry agreement with Palantir Technologies Japan and will serve as a Global Forward Deployed Engineer partner. Fujitsu cited a Japanese manufacturer deployment across more than 3,000 suppliers and 18 factories that saved over $10 million in one year, and said it will bring Takane and Uvance into the joint work.
AIPCon 11: Cisco Secure AI Factory and FAA Flight Plan 2026
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.
Launches Cardinal Program with Method Security
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.
Pairs with Nvidia on a sovereign supply-chain AI stack
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.
UK minister links Palantir mistrust to NHS data opt-outs
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.
Names Nebius preferred sovereign AI infrastructure partner
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.
NESO awards £21.2M Foundry extension without competition
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.
Coles agrees to end Australian Foundry partnership
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.
Army awards $127M TITAN production for eight ground stations
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.
Maven Smart System becomes an official Pentagon program of record
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.
Golden Dome command-and-control software passes first disclosed tests
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.
Pentagon appoints Maven Smart System program director
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.
Pentagon drafts directive for $244M no-bid contract
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.
Mercury Systems defense-manufacturing partnership
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.
Q2 2026 results: revenue up 93%, guidance raised again
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.
Germany's Bundeswehr excludes Palantir from military cloud project
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.
USDA food-supply-chain contract
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.
Golden Dome software team and NGC2 data layer
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.
Record results; headquarters moves to Miami
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.
2025
UK strategic partnership and £1.5 billion investment
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.
Army signs enterprise agreement worth up to $10 billion
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.
NATO acquires Maven Smart System
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.
2024
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.
TITAN prime contract - a software company builds Army hardware
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.
2023
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.
2020
2019
2016
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.
2008
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.
2005
2003
09
$1.4Bdisclosed across 5 rounds with a stated amount
Cumulative disclosed raise · dated rounds
Early venture (incl. In-Q-Tel)
2004–2005
Peter Thiel, Founders Fund, In-Q-Tel (~$2M)
Series A
Jun 2006
Venture investors incl. existing backers
Growth round
Dec 2013
Private investors at ~$9B valuation
Late-stage growth
Dec 2015
Private investors at $20B valuation
Direct listing (NYSE)
Sep 2020
No new capital raised (reference price $7.25; opened at $10)
Public markets
