• Palantir's third-quarter earnings beat Wall Street's expectations.
• CEO Alex Karp said the revenue growth was driven by AI demand in the US.
• Karp also called out critics who may have been skeptical of him.

Palantir CEO Alex Karp took a victory lap on Monday as the company reported strong third-quarter earnings.

The secretive data analytics and software company beat Wall Street's expectations for revenue and earnings per share, sending shares up more than 13% in after-hours trading. U.S. sales increased 44% year-over-year.

“We absolutely crushed this quarter, driven by continued AI demand that shows no sign of abating,” Karp, co-founder of Palantir in 2003, said in an earnings call. “This is a US-driven AI revolution that is in full swing. The world will be divided between AI haves and have-nots. At Palantir, we plan to empower winners.”

In an earnings call following the report, Karp said the company's growth was largely driven by increasing AI demand from its U.S. government and commercial customers. The company provides AI tools to the US military and other US allies.

“Considering how good our results are, I almost feel like we should just go home,” he said at the start of his remarks, adding that the company had previously faced a lot of skepticism.

Karp also called out critics who weren't sure about him specifically, saying on the call, “Instead of going into every meeting and saying, 'Oh yeah, Palantir is great, but their fearless leader is completely crazy, and.' he could go to his.' Municipality in New Hampshire, whatever we say, it's now: Yes, the products are the best and we have great products.”

Karp has been Palantir's CEO since 2004. He has earned a reputation as an eccentric leader in Silicon Valley and is known as a wellness fanatic who works out of a barn in New Hampshire.

In a letter to shareholders accompanying the earnings report, Karp said the U.S. market is still the core of Palantir's business.

“Here we have seen institutions respond most quickly to the promise of artificial intelligence, while companies and government agencies struggle to implement the technical infrastructure necessary to unlock the power of language models in their proprietary and most valuable data sets,” said he .

The CEO added that Europe is “lagging behind” in AI innovation and needs to adapt or risk “ruin.”