Palantir Isn't Adding Many New Customers — Existing Clients Are Spending Much More, CEO Alex Karp Says: 'AI Has Just Put Gasoline On All'

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Palantir Technologies Inc. (NASDAQ:PLTR) on Monday said that the latest surge in its revenue is being driven less by new customer wins and more by existing clients sharply increasing their spending. ...

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(NASDAQ:PLTR) on Monday said that the latest surge in its revenue is being driven less by new customer wins and more by existing clients sharply increasing their spending.\n...</p>\n\n<a href=\"https://www.benzinga.com/markets/tech/26/02/50322800/palantir-isnt-adding-many-new-customers-existing-clients-are-spending-much-more-ceo-alex-karp-says-ai-has-just-put-gasoline-on-all\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir Isn't Adding Many New Customers — Existing Clients Are Spending Much More, CEO Alex Karp Says: 'AI Has Just Put Gasoline On All'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Isn't Adding Many New Customers — Existing Clients Are Spending Much More, CEO Alex Karp Says: 'AI Has Just Put Gasoline On All'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-03 16:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/tech/26/02/50322800/palantir-isnt-adding-many-new-customers-existing-clients-are-spending-much-more-ceo-alex-karp-says-ai-has-just-put-gasoline-on-all><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir Technologies Inc. (NASDAQ:PLTR) on Monday said that the latest surge in its revenue is being driven less by new customer wins and more by existing clients sharply increasing their spending.\n...</p>\n\n<a href=\"https://www.benzinga.com/markets/tech/26/02/50322800/palantir-isnt-adding-many-new-customers-existing-clients-are-spending-much-more-ceo-alex-karp-says-ai-has-just-put-gasoline-on-all\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861559042.SGD","symbol_name":"日兴方舟颠覆性创新基金B SGD","start_time":0,"source_url":"https://www.benzinga.com/markets/tech/26/02/50322800/palantir-isnt-adding-many-new-customers-existing-clients-are-spending-much-more-ceo-alex-karp-says-ai-has-just-put-gasoline-on-all","article_id":"2608449825","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/02/03/Palantir-Headquarters-Campus-Exterior-Vi.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/tech/26/02/50322800/palantir-isnt-adding-many-new-customers-existing-clients-are-spending-much-more-ceo-alex-karp-says-ai-has-just-put-gasoline-on-all","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2608449825","pubTimestamp":1770107400,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Palantir said its Q4 revenue surge and raised outlook were driven by existing customers sharply increasing spending.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4543":"AI","PTIR":"2倍做多PLTR ETF-GraniteShares","PLTU":"2倍做多PLTR ETF-Direxion","BK4585":"ETF&股票定投概念","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","PLTW":"PLTR周配息ETF-Roundhill","PLTY":"PLTR期权收益策略ETF-YieldMax","BK4547":"WSB热门概念","PLTZ":"2倍做空PLTR ETF-Defiance","BK4613":"AI应用软件","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","PLTR":"Palantir Technologies Inc.","PLOO":"2倍上限加速PLTR ETF-Leverage Shares","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","LU1861558580.USD":"日兴方舟颠覆性创新基金B","PLT":"Defiance Leveraged Long Plus Income PLTR ETF","BK4588":"碎股","PLTA":"ProShares Ultra PLTR ETF","PLYY":"GraniteShares YieldBOOST PLTR ETF","PLTD":"1倍做空PLTR ETF-Direxion","IE00BZ9MQY76.HKD":"FTGF CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (HKD) ACC","BK4211":"区域性银行","PLTG":"2倍做多PLTR ETF-Leverage Shares","BK4023":"应用软件"},"translate_title":"Palantir并没有增加很多新客户，首席执行官亚历克斯·卡普(Alex Karp)表示，现有客户的支出要多得多：“人工智能只是给所有人加油了”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PTIR":0.6,"PLTZ":0.6,"PLTA":0.6,"PLYY":0.6,"PLTU":0.6,"PLTG":0.6,"PLTR":1.98,"PLT":0.6,"PLTW":0.6,"PLOO":0.6,"PLTY":0.6,"PLTD":0.6},"content_text":"Palantir Technologies Inc. (NASDAQ:PLTR) on Monday said that the latest surge in its revenue is being driven less by new customer wins and more by existing clients sharply increasing their spending.\nDuring the company's fourth-quarter earnings call, Palantir CEO Alex Karp told investors that the company's growth is coming from deeper engagement with serious customers rather than a rapid expansion of its client base.\n\"If you look at our numbers very closely, what you will see is inexplicable growth in revenue, but not inexplicable growth in customers,\" Karp said during the earnings call.\nHe explained that customers are increasingly placing their most important and complex problems in Palantir's hands, leading to significantly higher spending.\nKarp said artificial intelligence has dramatically amplified Palantir's long-standing capabilities, rather than creating them from scratch.\n\"AI has just put gasoline on all the tribal knowledge we have in our products,\" he said, adding that the company's value creation comes from solving problems that are \"determinative\" for the business.\nAccording to Karp, customers are paying more not just because Palantir takes on more work, but because the outcomes it delivers have a direct and measurable impact on operations.\nOn the government side, Karp suggested Palantir's software has become deeply embedded in defense and national security operations, often helping shape how problems are defined in the first place.\nOn the commercial side — an area of growing interest for investors — Palantir reported strong momentum in the U.S., with Karp highlighting 93% growth in domestic commercial revenue and sharply higher guidance compared with last year.\nDuring the call, Karp highlighted Palantir's straightforward approach to customers, contrasting it with traditional enterprise software sales tactics.\n\"We deliver a high-value product,\" he said. \"We're going to deliver and then we get paid.\"\nHe pointed to metrics such as 127%, 70% and 93% as his \"favorite numbers,\" reflecting strong expansion and retention among existing customers.\nPalantir posted fourth-quarter revenue of $1.41 billion, topping Wall Street expectations of $1.33 billion.\nThe AI software company reported adjusted earnings of 25 cents per share, exceeding analyst estimates of 23 cents per share, according to Benzinga Pro.\nRevenue climbed 70% from a year earlier, driven by strong momentum in the U.S., where sales surged 93% to $1.08 billion.\nU.S. commercial revenue more than doubled, rising 137% year over year to $507 million, while U.S. government revenue increased 66% to $570 million.\nThe company said its Rule of 40 score reached 127%.\nLooking ahead, Palantir forecast first-quarter revenue of $1.532 billion to $1.536 billion, well above analyst projections of $1.32 billion.\nFor full-year 2026, the company expects revenue between $7.18 billion and $7.20 billion, compared with consensus estimates of $6.21 billion.\nPrice Action: Palantir shares closed at $147.78 on Monday, up 0.81% and jumped to $158.05 in after-hours trading, gaining 6.95%, according to Benzinga Pro.\nPalantir stock scores highly on Growth in Benzinga's Edge Stock Rankings, showing a strong long-term price trend despite weakness in the short and medium term.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto courtesy: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}