Palantir Says SaaS Is Dead

InnovationTransportationPalantir Says SaaS Is DeadBySteve Banker,Contributor.Forbes contributors publish independent expert analyses and insights. I cover logistics and supply chain management.Follow AuthorMay 16, 2026, 06:32am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.WASHINGTON, DC - APRIL 30: Alex Karp, CEO of Palantir Technologies, speaks on a panel titled Power, Purpose, and the New American Century at the Hill and Valley Forum at the U.S. Capitol on April 30, 2025 in Washington, DC. The Hill and Valley Forum brings together lawmakers, tech CEO and venture capitalists for discussion on technology and national security. (Photo by Kevin Dietsch/Getty Images)Getty ImagesAccording to Danny Lukus, a deployment strategist at Palantir Technologies, “SaaS is dead.” We were talking specifically about Palantir’s approach to supplying software for supply chain management. I had seen the CEO of Advance Auto Parts speak at a UBS Global Consumer and Retail Conference. He mentioned that Advance Auto is working with Palantir for an inventory replenishment and a pricing solution. That surprised me. I did not know Palantir was playing in the SCM realm. That is because Palantir does not provide off-the-shelf software, which are the supply chain software companies I have closely followed for years. Palantir Technologies (NASDAQ: PLTR) is a data analytics and AI software company best known for providing solutions to the US military. It surprised me to learn that 46% of their revenue last year came from commercial clients rather than the government. Mr. Lukus said their largest commercial vertical was manufacturing and that virtually all of their manufacturing clients were using their solution in their supply chains. Palantir Technologies' rapid growth has made it one of the top 20 most valuable U.S. firms. Its current market capitalization is $320 billion.The Palantir Approach“What Palantir does is...