Palantir beats Wall Street expectations amid Trump immigration crackdown | Palantir
Palantir celebrated its latest financial results on Monday, when the tech company beat Wall Street expectations and continued to support the Trump administration’s effort to deport immigrants.
Palantir secured millions of dollars in federal contracts amid Trump’s crackdown on immigrants. The multibillion-dollar Denver-based firm produces surveillance and analytics-focused technology for use by government agencies and private companies.
Palantir’s largest customer in the US is the Department of Defense; It also works with the Department of Homeland Security, and the bulk of its revenue comes from contracts with the federal government. Palantir reported 66% annual increase in revenues increased to $570 million from government contracts.
palantir He has come under more criticism for his role in the government’s immigration agenda since federal immigration officers killed two protesters in Minneapolis last month.
Alex Karp, CEO of Palantir he told CNBC Palantir helps protect sensitive data, he said in an interview Monday. “If you’re critical of ICE, you should be out there protesting for more Palantir,” he said. “Our product actually, at its core, requires people to comply with fourth amendment data protection.”
The company beat Wall Street expectations of $1.33 billion with revenue of $1.41 billion for the fourth quarter of 2025. Earnings per share (EPS) were reported as $0.25; this also beat Wall Street expectations for EPS of $0.23. The company’s shares rose nearly 8% in after-hours trading following the announcement.
Karp described the company’s growth on the earnings call as “one of the truly iconic performances in the history of corporate performance.” He wrote somehow letter Accompanying the earnings report, it is stated that the $1.4 billion in revenue generated in the fourth quarter of last year marks a new record with a growth rate of 70% compared to the same period of the previous year.
“We did this by critically supporting some of the most interesting, complex, unusual operations that the U.S. government was involved in — most of which we couldn’t comment on — but it was the highlight of last year and hugely motivating for all of us at Palantir,” Karp said.
Karp doubled down on his data protection claim during the interview, arguing that Palantir’s work with the U.S. government, including intelligence agencies, complies with the fourth amendment and ensures that “every entity that uses (Palantir’s) products does so in accordance with American laws and ethics.”
Data privacy advocates are not convinced. “Palantir tools are ICE’s digital servants,” Will Owen, communications director for the non-profit Surveillance Technology Oversight Project, told the Guardian. “Their revenues may have increased thanks to Trump, but no one believes they are holding ICE accountable.”
Last year, ICE awarded Palantir a nearly $30 million contract to build ImmigrationOS, which makes it easier to retrieve information about immigrants from government databases. regardless of its truth from these records. 404 Media recently reported on the existence of another tool Palantir has created for the federal government: Advanced Lead Identification and Targeting for App (Elite).
According to 404 Media, Elite “populates a map with potential deportation targets, extracts a file for each person, and provides a ‘trust score’ for the person’s current address.” program reportedly It is based on address data from the Department of Health and Human Services, which includes Medicaid.
wired reported It was reported last week that the federal government was using Palantir’s AI tools to process immigration enforcement tips. Also wired reported The health department uses other Palantir AI tools to screen grants and job descriptions for diversity, equity and inclusion (DEI) and “gender ideology,” she said.
Available on Palantir in question There is no malicious intent in his work with the federal government.
“To be absolutely clear, Palantir is not working on any major database projects to consolidate databases across federal agencies,” the company wrote in a blog post last week. “Palantir has not suggested that the U.S. government create a ‘master list’ for surveillance of citizens, nor have we been asked to consider creating such a system for any customers.”
Palantir stated that 404 Media’s claims about the Elite tool were misleading; The company says it is “used for primary enforcement purposes to uncover possible addresses of specific individuals, such as those with final restraining orders or felony criminal charges.”
Trump’s “big, beautiful bill” allocated huge budgets to DHS and ICE to continue the administration’s anti-immigrant policies; This includes $45 billion for ICE to expand its detention capabilities.
Palantir’s federal contracts nearly double in 2025 and More than $970 million; this amount is distributed throughout the government, mostly to the defense department, but also includes DHS.
