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. That is a 20 percent increase from last quarter, when the US government spent $570 million on Palantir software. “On the factory floor side, the demand on the defense industrial base to ramp production and sustainment has been so acute that we have surged resources from our commercial business,” Sankar said.…