Why is the $PLTR price action lower? The market wants more than a strong beat from Palantir and this one seems pretty standard for them. Their own growth outlook is also slower for next quarter. This could be lower expectations so the next earnings look better. Palantir’s weak spot is new deals. They grew 6% YoY while sales grew 96%. Their backlog of signed contracts also didn’t grow from last quarter. This means growth will only keep up if they can increase these new deals. Sales are still strong and almost all of their sales growth is coming from the US. For the first time they make more money from US companies than from the US government.