Palantir reported strong Q2 2026 results with revenue of $1.94 billion, up 93% year-over-year, and GAAP net income of $1.062 billion. The US commercial segment saw growth of 149% year-over-year. CEO Alex Karp escalated his attacks on frontier AI labs like OpenAI and Anthropic, accusing them of prioritizing model expansion over what enterprises actually need in terms of control, privacy, and intellectual property ownership. Palantir positions itself as an alternative by offering a model-agnostic platform and open-weight AI models deployed in secure, customer-controlled environments, with a partnership with NVIDIA for sovereign AI implementations.
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