Palantir Faces High Expectations Ahead of Earnings as Investors Watch New Customer Growth
Palantir ($PLTR) is set to report earnings in a few hours, with expectations running high after its previous quarter delivered 149% growth in U.S. commercial revenue and 157% net dollar retention.
The results highlighted strong spending from existing customers adopting and expanding their use of Palantir’s Artificial Intelligence Platform (AIP).
However, investors will also be watching new customer acquisition. Continued growth from existing accounts can support revenue in the near term, but bringing in new customers will be important for sustaining long-term expansion.