The Iran War has been great for business at Palantir, as the Department of Defense has doubled usage of the company’s Maven targeting system in four months.

“Maven met its moment across real world events in Q1 … When the stakes are highest, when failure is measured in lives and readiness. This is where we are uniquely positioned,” Palantir CTO Shyam Sankar told investors during the company’s first quarter 2026 earnings call.

During the quarter ended March 31, which includes the start and the first month of the Iran War, the US government increased spending with the company by 84 percent year over year, to $687 million.…