Optiq

Highlights from Palantir CEO Alex Karp's Q3 2026 Letter to Shareholders: "Every industry in the world—from banks to insurers to hospitals and even once-storied law firms—will either be remade or set briskly aside." "The outcomes will increasingly be binary, with winners and losers, and nothing in between." "The lonely middle will be little more than a barren wasteland filled with those who were once legacy players who failed to heed the word and paid the ultimate price. The crowded bottom will be occupied by those who long ago lost their chance to build on what might once have been an insight or an edge, now marching inexorably toward irrelevance, their fate sealed, the envelope unopened." "We have now essentially doubled our entire business since the same quarter last year." "A sales cycle that once had been more akin to a long, unproductive, and unsatisfying flirtation has been condensed. What may have taken months and years—a slow, coy, and theatrical dance towards a contract—can now take days and weeks. Consummation happens quickly." "There was a time not too long ago when many would ask us, with an inquiring and searching tone, whether our business, as compelling and consequential as it seemed, would ever turn a profit." "The subtext was that our decision to invest for years in building a foundational architecture, while noble perhaps, represented an idiosyncratic diversion at best and foolish misadventure at worst." "And yet the verdict has now come in." "We generated another record quarterly profit—$1.13 billion—an amount that dwarfs what we delivered in revenue not long ago." "It is our firm and unwavering intent to take the entire market, the whole thing."