Palantir beats Wall Street expectations amid Trump immigration crackdown

Core Insights - Palantir reported strong financial results, exceeding Wall Street expectations with $1.41 billion in revenue for Q4 2025, surpassing the expected $1.33 billion, and achieving an earnings per share (EPS) of $0.25, above the anticipated $0.23 [3][4] - The company experienced a 70% year-over-year growth in revenue, particularly from government contracts, which accounted for $570 million, reflecting a 66% increase from the previous year [2][4] - Palantir's federal contracts nearly doubled in 2025, reaching over $970 million, primarily from the Department of Defense and the Department of Homeland Security [12] Government Contracts and Operations - The majority of Palantir's revenue is derived from federal government contracts, with significant contributions from the Department of Defense and the Department of Homeland Security [2] - The company has been involved in controversial operations related to immigration enforcement, including a $30 million contract to develop ImmigrationOS for ICE, which facilitates access to immigrant data across government databases [7][11] - Palantir's Elite tool is designed to assist in identifying potential deportation targets by providing detailed dossiers and confidence scores based on address data [8][11] Company Leadership and Statements - CEO Alex Karp emphasized the importance of data protection and claimed that Palantir's work aligns with the Fourth Amendment, asserting that their products ensure compliance with legal and ethical standards [3][6] - Karp described the company's recent growth as "one of the truly iconic performances in the history of corporate performance," highlighting the record revenue achieved in Q4 2025 [4][5] - The company has publicly denied claims regarding the creation of a master database for surveillance, stating that it has not proposed or been asked to build such a system [10]