🖖May The Fourth Be With Palantir.

 📅Palantir reports after market close this afternoon.

Q1 will mark the 11th consecutive quarter of revenue acceleration at Palantir, with US Commercial being the key driver. But, from here, the next leg of the stock will be determined by the extent to which management can surprise on forward guidance.

(Hint: We expect Government Revenue to also pick up steam in Q1 and beyond, given the momentum in new deals that they have secured during the quarter).

The thing is that despite Palantir sporting far superior revenue, retention and margin growth than any other Enterprise SaaS company, it has been clubbed together with generic SaaS in the “AI Eating SaaS” narrative, with the stock down 18% YTD.

Plus, in 2026, investors have simply favored companies that sit at the “bottleneck” of the AI ecosystem, like the ones in manufacturing, memory, optics, and networking, and now CPUs that are the direct beneficiaries of hyperscalers' capex.

 🙈As existing investors of Palantir in The Pragmatic Optimist portfolio, we will be closely monitoring the earnings report this afternoon.

 ⌛Stay tuned for our deep-dive coming out tomorrow, where we re-assess the latest state of Enterprise SaaS and how we plan to invest ahead in our portfolio.