Palantir Technologies

Record $4.3 billion TCV up 138% year-over-year with adjusted operating margin reaching 57%, driving $791 million adjusted free cash flow at 56% margin.

Navy awarded $448 million shipbuilding supply chain contract, with ShipOS reducing submarine planning from 160 hours to 10 minutes and enabling a third production shift.

AI Hivemind generating bespoke demos from public data, MAGE enabling declarative mission intent on UAVs, and AI FDE completing SAP migrations in 2 weeks versus 2 years.

International commercial grew 8% year-over-year and international government grew 43%, but management notes Europe lacks readiness to adopt AI and buy American products.