Summary

• On Monday, Palantir reported the strongest quarter in its history.
• Revenue grew 85% year-over-year, the fastest pace as a public company. U.S. Commercial revenue grew 133%. U.S. Government grew 84%. Full-year guidance was raised to 71% growth, ten percentage points above the prior guide.
• So, Palantir is now positioned alongside the chip and memory companies that build the AI revolution - which implies the AI software application layer is part of AI infrastructure.

Originally published on May 5, 2026

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