The Guardian reports:

The tech, surveillance and private prison providers arming Donald Trump’s massive expansion and weaponization of immigration enforcement are running a victory lap after reporting their latest financial results.

Palantir, the tech firm, and Geo Group and CoreCivic, the private prison and surveillance companies, said this week that they brought in more money than Wall Street expected them to, thanks to the administration’s crackdown on immigrants.

“Well, as usual, I’ve been cautioned to be a little modest about our bombastic numbers,” said Alex Karp, the Palantir chief executive, in an investor call earlier this week. Then he crowed about the company’s “extraordinary numbers” and his “enormous pride” in its success.

Private prison company executives, during their respective calls, could barely contain their excitement, flagging to investors opportunities for “unprecedented growth” in the realm of immigration detention.

Palantir saw 53% growth in revenue from US government contracts in the second quarter of 2025 compared with the same period the year prior and surpassed $1bn in total quarterly revenue for the first time. Analysts had expected the company to bring in $939.4m in revenue.

The company, which connects and analyzes disparate sets of data to enable its customers to build products with that information, brings in the majority of its revenue from government contracts. Its biggest US customer is the Department of Defense, where the US army, which announced a $10bn agreement with Palantir last week, is housed. On the immigration side, the Department of Homeland Security (DHS) has deepened its partnership with Palantir since the start of the Trump administration, which it’s been working with since 2011. Immigration and Customs Enforcement (Ice), the agency primarily engaged in arresting, detaining and deporting immigrants, most recently announced a $30m contract with Palantir to build a database that makes its deportation and detention machine more efficient. [Continue reading…]