Palantir expands five-year partnership with Lear Corporation

DENVER - Palantir Technologies Inc. (NASDAQ:PLTR) announced Thursday a five-year expansion of its partnership with automotive supplier Lear Corporation (NYSE:LEA), broadening the implementation of Palantir’s AI software across Lear’s global manufacturing operations. According to InvestingPro data, Lear operates with annual revenue of $22.9 billion and maintains a GOOD financial health score, positioning it as a prominent player in the Automobile Components industry.

The expanded agreement will increase Lear’s use of Palantir Foundry, Warp Speed manufacturing operating system, and Artificial Intelligence Platform (AIP) throughout its worldwide facilities. Currently, more than 11,000 Lear employees utilize these technologies to manage tariff exposure, automate workflows, and optimize manufacturing lines.

Lear’s implementation of these technologies as part of its Innovative, Digital, Engineered and Automated (IDEA) program has generated over $30 million in savings during the first half of 2025, according to the company. InvestingPro analysis indicates the company is currently undervalued, with strong returns over the past three months and a healthy EBITDA of $1.63 billion. For deeper insights into Lear’s valuation and 8 additional ProTips, subscribers can access the comprehensive Pro Research Report.

"This partnership strengthens Lear’s position as an automotive technology leader and remains essential to our supply chain and operations," said Lear President and CEO Ray Scott in the press release. "We have already seen significant improvements in global efficiency, creating a more agile and adaptable Lear."

The collaboration between the two companies began in 2023 when Lear first partnered with Palantir to digitize its manufacturing operations. Since then, the scope of their work together has expanded significantly.

Alex Karp, co-founder and CEO of Palantir Technologies, stated that "Lear is improving the lives of its employees and developing the manufacturing plants of the future by deploying Palantir onto its production floors."

Lear Corporation is a global automotive supplier specializing in Seating and E-Systems, while Palantir Technologies develops AI software platforms for organizations with complex data environments. Notably, Lear has maintained dividend payments for 15 consecutive years, currently yielding 2.84%, demonstrating strong financial stability in the competitive automotive components sector.

The announcement was made in a press release issued by Palantir Technologies.

In other recent news, Lear Corporation reported its Q2 2025 earnings, which showed a mixed performance. The company missed earnings per share (EPS) forecasts, reporting $3.06 compared to the expected $3.26, resulting in a 6.13% negative surprise. However, Lear surpassed revenue expectations, bringing in $6 billion against the anticipated $5.89 billion. Additionally, Lear’s Board of Directors declared a quarterly cash dividend of $0.77 per share, payable on September 23, 2025, to shareholders of record as of September 3, 2025. In analyst updates, UBS lowered its price target for Lear to $109 from $116, maintaining a Neutral rating. UBS highlighted ongoing volume and mix headwinds affecting margins, despite some underlying cost improvements. The firm noted that Lear’s earnings growth might rely more on further cost savings due to its "more challenged growth story." These developments offer insights into the company’s current financial landscape.

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