AIP (Artificial Intelligence Platform)
Q2 2026 US commercial TCV $2.132B (+153%); the main driver of commercial bookings.
The numbers
What it is
AIP lets organizations connect large language models to their own data and operational workflows, with permissions and an audit trail. It runs on top of Foundry's data layer and is Palantir's main product for selling AI to companies and agencies. Palantir does not report AIP revenue separately.
Why it matters to the stock. AIP is the company's answer to the AI spending wave. Bookings tied to AI deals are the leading indicator for commercial revenue growth over the next few quarters.
News
Goldman Sachs upgrades Palantir to Buy with $230 price target
Goldman Sachs moved Palantir from Neutral to Buy on October 8, 2026 and set a 12-month price target of $230.
Claude Opus 5.5 and Claude Sonnet 5 become available in Palantir AIP for UK enrollments
On October 6, 2026 Palantir made Claude Opus 5.5 and Claude Sonnet 5 available in AIP for UK-georestricted enrollments that have Claude through AWS Bedrock enabled.
Palantir Pipeline Builder Faster pipelines can now read and write Iceberg tables
From October 1, 2026 Faster pipelines in Palantir Pipeline Builder can read and write Foundry Iceberg tables, including encrypted ones.
Palantir releases OSDK React components in beta for Ontology-aware app building
On September 29, 2026 Palantir released OSDK React components in beta as a new npm package.
Palantir raises FY2026 revenue guidance to $8.150-8.158B
Palantir raised its full-year 2026 revenue guidance to $8.150-8.158 billion, up from the earlier $7.650-7.662 billion range, which implies about 82% growth.
Rackspace and Palantir launch operating framework for regulated enterprises
Rackspace Technology and Palantir launched a joint framework that delivers Foundry and AIP through Rackspace's private, sovereign and on-prem infrastructure with certified engineers and managed operations.
Palantir and Nvidia launch engine for Nemotron models in sovereign settings
Palantir announced on June 29, 2026 an engine for deploying Nvidia's AI and Nemotron open models in sovereign environments, aimed mainly at US government agencies and critical infrastructure.
Rosenblatt raises Palantir price target to $225 from $200, Buy
Rosenblatt analyst John McPeake raised his Palantir price target to $225 from $200 and kept a Buy rating on May 5.
Palantir raises FY2026 revenue guidance to $7.650-7.662B
Alongside Q1 results, Palantir raised full-year 2026 revenue guidance to $7.650-7.662 billion, about 10 points above its prior outlook and roughly 71% growth.
Bain & Company expands its lead global consulting partnership with Palantir
Bain & Company announced on March 26, 2026 an expansion of its role as lead global management consulting partner for Palantir.
Palantir guides 2026 revenue to $7.182B-$7.198B, about 61% growth
Palantir set full-year 2026 revenue guidance of $7.182 billion to $7.198 billion, which the release describes as 61% growth.
HD Hyundai signs enterprise-wide Palantir deal worth several hundred million
Palantir and HD Hyundai signed an enterprise-wide agreement on January 20, 2026 that widens a collaboration that began in 2021, according to a Reuters report carried by Boursorama.