Palantir Lauds Elon Musk's DOGE Cuts, Calls It 'The Right Thing For The Country'—Government Resembles A 'Marbled Wagyu' - Palantir Technologies (NASDAQ:PLTR)

In its recent Q1 2025 earnings call, executives from Palantir Technologies Inc. PLTR expressed their support for DOGE.

What Happened: Shyam Sankar, CTO and Executive Vice President of Palantir, voiced his backing for DOGE cuts, criticizing government overspending on unproductive projects, during the earnings call.

“..this is the right thing for the country. Like we have way too much spend on things that do not work. The government has started to resemble a fine-marbled wagyu,” stated Sankar.

Speaking specifically about the DOGE team overseen by Elon Musk, Sankar stated, “…to me, these guys are heroes. They are world-class technologists that could be choosing to do anything and instead, they are choosing to do this.”

Palantir’s CEO, Alex Karp, echoed Sankar’s sentiments, highlighting the need for system pressure to eliminate fraud, waste, and abuse.

Why It Matters: Palantir’s Q1 2025 earnings showed a revenue beat and an EPS in line with estimates, as reported. This strong performance may be linked to the company’s support for DOGE, a government efficiency initiative led by Elon Musk.

In February 2025, Karp had expressed support for Musk’s efforts to streamline government spending, even referring to him as the “most important builder in the world.” He also anticipated a positive outcome from the DOGE initiative for Palantir in the same month.

These developments indicate a strategic alignment between Palantir and DOGE, which could potentially influence the company’s future performance and growth.

Despite a strong earnings report, Palantir stock plunged nearly 9% in Tuesday’s pre-market trading session. On a year-to-date basis, it surged 64.6%, as per data from Benzinga Pro.