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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
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Company details
Market cap
~$320B
P/E ratio
~150×
Price / sales
~45×
Revenue (2026E)
~$7.65B
Rev. growth
+85%
Operating margin
~38%
US commercial growth
+133%
US gov't growth
+84%
In plain English
Palantir sells AI software platforms — Gotham for government, defense and intelligence; Foundry for commercial enterprises; and AIP, the layer that plugs large language models into real operations. It owns no chips and no data centres: its platforms run on top of the hyperscaler clouds (Azure, AWS, Oracle, Google) and integrate models from labs like Anthropic and OpenAI. A high-margin, fast-growing software business anchored by US government and defense work and a surging US commercial book — carried at one of the market's richest valuations.
In simple terms
What Palantir Technologies really sells
Palantir sells AI software platforms — Gotham for government, defense and intelligence; Foundry for commercial enterprises; and AIP, the layer that plugs large language models into real operations. It owns no chips and no data centres: its platforms run on top of the hyperscaler clouds (Azure, AWS, Oracle, Google) and integrate models from labs like Anthropic and OpenAI. A high-margin, fast-growing software business anchored by US government and defense work and a surging US commercial book — carried at one of the market's richest valuations.
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