Palantir is scheduled to report quarterly results after the closing bell Monday, with analysts largely taking a wait-and-see approach on the artificial intelligence software firm.

AI-powered software company Palantir (PLTR) will report its first-quarter financial result on Monday, May 5. The company has consistently delivered solid performance over the past four quarters, and Q1 will be no different.

Palantir shares climbed 5.4% during Friday's session, near their all-time high. The rally follows a string of high-profile defense deals and ongoing momentum from its fourth-quarter performance.