Palantir grows 93% — and its CEO warns AI labs want to 'colonize your enterprise'
Palantir's quarterly revenue jumped 93% year over year to $1.94 billion, with sales to US businesses up 149% as companies adopt its AI platform; the company raised its full-year forecast to about $8.15 billion and the stock climbed 13% after hours. On the earnings call, CEO Alex Karp argued companies should not hand their data and know-how to frontier AI labs, saying the labs believe they 'deserve to colonize your enterprise' — and pitched open-weight models as the way to keep them honest.
Why it mattersPalantir's numbers are among the clearest evidence yet that businesses are paying real money for applied AI, not just running pilots. And Karp's attack sharpens a growing fault line: do enterprises build on frontier labs' closed models, or on open weights they control themselves?
▶ Related video: PLTR Earnings LIVE: Palantir Q2 2026 Results & Reaction
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