Palantir Hits $4.5 Billion Revenue as Trump Expands Surveillance Contracts

Palantir Technologies announced quarterly revenue of $4.5 billion, driven by a surge in U.S. government contracts under the Trump administration's expanded surveillance and immigration enforcement programs. The company disclosed new contracts with ICE, DHS, the Department of Defense, and the VA totaling over $2 billion in new awards. Palantir's government revenue growth rate of 71 percent year-over-year reflected the administration's aggressive expansion of AI-powered surveillance infrastructure.