Charles Esther
Palantir Technologies executives praised DOGE during their latest earnings call on Monday.
The company reported strong results, beating earnings expectations and raising its full-year revenue outlook.
The company’s outlook is now between $3.89 billion and $3.90 billion, and its stock has risen 64% this year, largely due to key defense contracts.
Alex Karp and Shyam Sankar Discuss DOGE’s Impact
During the earnings call, Shyam Sankar, CTO and executive vice president of Palantir, commented on DOGE’s potential impact, saying that the country has been spending too much on ineffective projects.
Sankar stated, “The government has started to resemble a fine-marbled wagyu — the fake projects that do not deliver and will never deliver crowd out and suffocate the things that could actually be excellent, so we welcome DOGE.”
Alex Karp, CEO of Palantir, echoed Sankar’s sentiments, emphasizing the need for “pressure on the system” to “root out fraud, waste, and abuse” and improve value through more effective systems.
Palantir’s Strong Financial Performance
Palantir’s earnings report highlighted the company’s financial growth and projected revenue increase, benefiting largely from its defense sector contracts, including a significant $30 million deal with the U.S. Immigration and Customs Enforcement.
Palantir’s strong performance shows its growing influence, particularly within government and defense sectors.
Alex Karp’s Continued Support for DOGE
This is not the first time Alex Karp has expressed support for DOGE.
In a previous earnings call, Karp referred to DOGE as a “revolution” and stated, “Some people are going to get their heads cut off.”
Karp added, “We love disruption, and whatever is good for America will be good for Americans and very good for Palantir.”
Palantir’s Approach to Disruption
In a letter to shareholders, Karp emphasized that Palantir’s success is a result of its unique approach, which diverges from the conventional corporate model.
He stated that the company’s achievements couldn’t have happened if they had adhered to traditional corporate practices, referencing St. Augustine and the New Testament in his message.
Karp concluded that companies and cultures must be judged by their “fruits,” a reference to a biblical passage, underscoring Palantir’s commitment to long-term impact over conventional methods.
Conclusion
Palantir’s leadership continues to show strong support for DOGE and disruptive innovation, aligning their business strategy with broader societal shifts in technology and government systems. The company’s strong earnings report and increased outlook suggest it is poised for continued growth.
