Palantir CEO defends surveillance tech as US government contracts boost sales

The data analytics company said revenue derived from the U.S. government spiked 66% in the fourth quarter from the year-ago period to $570 million. Total sales of $1.41 billion exceeded analysts’ estimates and the firm anticipates a big jump in sales, in part due to government contracts in 2026.
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Shares of the company jumped 6% in extended trading.
Companies working with U.S. Immigration and Customs Enforcement (ICE) are attracting more scrutiny as Americans have turned solidly against ICE’s aggressive tactics following the fatal shootings of two U.S. citizens in separate incidents in January. The company won a contract last year with ICE to develop surveillance systems for immigration enforcement.
Denver-based Palantir has increasingly been marketing military-grade AI tools to businesses through its artificial intelligence platform that helps companies integrate and develop the technology. It has emerged as one of the best performing AI stocks, with shares gaining 1,700% over the last three years.