PLTR shares are set to open on Monday near the all-time highs around $125 and the earnings will determine whether the stock can break out or start a correction. The stock has made a strong recovery from the tariff fallout lows.
Palantir will release its Q1 earnings on Monday after the market closes, and investors will be looking for the company to build on its early AI gains. Companies and governments have been looking to leverage Palantir’s deep expertise in managing and protecting data as they train and run new AI apps.
The company reported strong activity and demand for its AI platform (AIP).
“We closed a record-setting number of deals in Q4, including 32 deals worth $10 million or more. Our US business is at the forefront of the AI revolution, growing 52% year-over-year in Q4,” said Karp on the company’s fourth-quarter earnings call last year.
Palantir beat analysts’ revenue forecasts by 6.8% last quarter, with revenues of $827.5 million, up 36% year on year. This quarter, analysts are expecting Palantir’s to see revenue growth of 35.9% year on year to $862.3 million
Earnings releases for Palantir’s peers have already been positive with Commvault Systems delivering year-on-year revenue growth of 23.2%, beating analysts’ expectations by 4.8%, and Confluent reported revenues up 24.8%, beating estimates by 2.6%.
The latest Palantir earnings will be an important marker for the company as they could set up a breakout higher and a new leg of share price improvement. Any disappointment could set up another correction into the recent April lows, but the positive sector performance does not hint at impending weakness.
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