Palantir and Lear Announce Five-Year Partnership Expansion to Accelerate Automotive Technology Transformation

Palantir Technologies Inc. (NASDAQ:PLTR), a leading provider of AI software, today announced a five-year expansion of its partnership with Lear Corporation (NYSE:LEA), a global automotive leader in Seating and E-Systems. Under the new agreement, Lear will broaden its use of Palantir Foundry, as well as Palantir's Warp Speed manufacturing operating system and Artificial Intelligence Platform (AIP), across its global manufacturing footprint.

Currently, Foundry and AIP are helping Lear proactively manage its tariff exposure, automate administrative workflows, and dynamically balance its manufacturing lines. Palantir's platforms connect functions across quality, supply chain, procurement, manufacturing, finance, and design, and today more than 11,000 Lear employees leverage Palantir's technology to drive efficiency and innovation.

Palantir Foundry and AIP have played an important role in Lear's Innovative, Digital, Engineered and Automated (IDEA by Lear) program, which unifies Lear's transformation initiatives. Lear's implementation of IDEA has resulted in more than $30 million in savings during the first half of 2025, with benefits expected to compound over the remainder of the year and beyond.

"Palantir is a key component of our IDEA strategy to automate and streamline manufacturing processes and administrative functions across the company," said Lear President and CEO Ray Scott. "This partnership strengthens Lear's position as an automotive technology leader and remains essential to our supply chain and operations. We have already seen significant improvements in global efficiency, creating a more agile and adaptable Lear."

"We are proud to partner with Lear and showcase the very best of what Warp Speed and Palantir are capable of," said Alex Karp, co-founder and Chief Executive Officer of Palantir Technologies. "Lear is improving the lives of its employees and developing the manufacturing plants of the future by deploying Palantir onto its production floors."

Lear first partnered with Palantir in 2023 to digitize its manufacturing operations, and since then, the companies have expanded the scope and scale of their collaboration.

About Palantir

Foundational software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com.

About Lear Corporation

Lear Corporation (NYSE:LEA) is a global automotive leader in Seating and E-Systems. The company designs, manufactures, and delivers advanced technologies to the world's major automakers. Building on more than 100 years of heritage, Lear is the largest U.S.-based automotive supplier, headquartered in Southfield, Michigan. Driven by a commitment to innovation, operational excellence, and sustainability, Lear's global team of talented employees is shaping the future of mobility by developing solutions that enhance comfort, safety, and efficiency. More information is available at Lear.com.

Forward-Looking Statements

The following is provided by Palantir Technologies Inc., or Palantir:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir's expectations regarding the amount and the terms of the contract and the expected benefits of Palantir's software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond Palantir's control. These risks and uncertainties include the ability to meet the unique needs of customers; the failure of Palantir's platforms to satisfy customers or perform as desired; the frequency or severity of any software and implementation errors; Palantir's platforms' reliability; and customers' ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings Palantir makes with the Securities and Exchange Commission from time to time. Except as required by law, Palantir does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

Lear Corporation Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated financial results and liquidity. The words "will," "may," "designed to," "outlook," "believes," "should," "anticipates," "plans," "expected," "intends," "estimates," "forecasts" and similar expressions identify certain of these forward-looking statements. The Company also may provide forward-looking statements in oral statements or other written materials released to the public. All statements contained or incorporated in this press release or in any other public statements that address operating performance, events or developments that the Company expects or anticipates may occur in the future are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, its Quarterly Report on Form 10-Q for the quarter ended June 28, 2025, and its other Securities and Exchange Commission filings. Future operating results will be based on various factors, including actual industry production volumes, supply chain disruptions, labor disruptions, commodity prices, changes in foreign exchange rates, the impact of, and our ability to mitigate the effects of, international trade policies, including trade policies such as tariffs and any changes to such tariffs, the impact of restructuring actions and the Company's success in implementing its operating strategy.

The forward-looking statements in this press release are made as of the date hereof, and the Company does not assume any obligation to update, amend or clarify them to reflect events, new information or circumstances occurring after the date hereof.

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Palantir

Lisa Gordon

[email protected]

Lear Corporation

Katya Pruett

[email protected]