1: Aggregate net new ARR added (just for the companies who've reported so far, looking at that groups net new added for the last few quarters / years). Generally we don't dip down from Q1 to Q2...
2. After a few quarters of YoY growth in net new ARR added, we dropped off dramatically in Q2
3. 87% of companies have come in ahead of Q2 consensus, with a median beat of 1.8%. "Not getting better not getting worse"
4. 51% of companies have guided Q3 above consensus, with the median guide coming in right at consensus
5. We've now had 9 quarters in a row without any real guidance raises. On average, companies are "beating but not raising"
6. Comparing full year guides from this quarter vs last quarter, the median company kept full year guidance constant
$Palantir Technologies Inc.(PLTR)$ $Snowflake(SNOW)$ $Olo Inc.(OLO)$ $Freshworks(FRSH)$ $Monday.com Ltd.(MNDY)$ $Klaviyo, Inc.(KVYO)$ $Shopify(SHOP)$ $Workiva(WK)$ $ON24, Inc.(ONTF)$ $Datadog(DDOG)$
https://x.com/jaminball/status/1826739584845353395
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