Palantir: The AI market continues to grow, but profitability faces challenges
2026-11-02 19:31:56
According to CoinMeta, Palantir released its financial report today. Despite the continuous growth in AI usage, profits did not increase accordingly. In October, the NASDAQ 100 index fell by more than 5.8%, with a market value evaporating by over $2 trillion, and chip stocks entered a bear market. Amazon AWS saw revenue grow by 39% in the last quarter, but its free cash flow was negative at $42.4 billion, mainly due to AI infrastructure expenditures. Palantir experienced 149% growth in U.S. business revenue in the last quarter, but the number of customers only increased by 35%, indicating an increase in spending from existing customers. It is expected that Palantir will announce revenue of about $2.18 billion and adjusted earnings per share of $0.41 tonight, and the market is cautious about its Q4 prospects.
Source:X
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