Palantir’s ‘anti-woke’ playbook and ‘cultus’ winning strategy, after yet another earnings beat

Core Insights - Palantir reported a third-quarter earnings of $1.18 billion, narrowly beating analysts' forecasts, but shares fell 7.95% following the announcement despite a positive outlook for the fourth quarter [2] - Year-to-date, Palantir shares have increased by 154%, attributed to strong relationships with the U.S. government and a focus on supporting American workers [3] - Almost half of Palantir's revenue comes from U.S. government contracts, which increased by 52% year-over-year to $486 million, driven by demand for AI-driven platforms and improved operating margins [6] Company Performance - The third-quarter earnings of $1.18 billion exceeded analysts' expectations, but the stock experienced a decline of 7.95% after the report [2] - Despite the stock drop, Palantir's shares have risen significantly, up 154% year-to-date, indicating strong market interest [3] Government Relations - Palantir's growth is heavily linked to its partnership with the U.S. government, which accounts for nearly half of its revenue [6] - The company has maintained a strong allyship with the government, which CEO Alex Karp emphasizes as a key driver of success [3] Strategic Focus - Karp has positioned Palantir as a company that supports the American workforce and has taken a stance against what he describes as "wokeness," which he views as a risk to the company and society [3][4] - The company aims to maintain its unique culture and operational focus, which Karp refers to as "cultus" [5]