Palantir (PLTR) Leans Into Defense Roots as AI Demand Accelerates

Palantir Technologies (PLTR, Financials) said its mission-driven culture and early commitment to building AI for national defense are now paying off, as U.S. institutions adopt its software at a rapid pace.

First-quarter revenue rose to $884 million, up 39% from a year ago. Total U.S. revenue hit $628 million, up 55% year over year. Commercial revenue in the U.S. jumped 71% to $255 million, while government revenue rose 45% to $373 million.

CEO Alex Karp wrote that the company’s…