Commercially and critically successful, it was nominated at the Golden Globe Awards for Best Motion Picture – Musical or Comedy and Best Actor in a Motion Picture – Musical or Comedy for Andy Samberg, while winning Best Comedy at the 26th Critics’ Choice Awards and its direct digital release on Hulu in the United States saw it make an opening weekend record by “netting more hours watched over its first three days than any other film” in the platform’s history at the time.

Critical reviews for the film are largely positive, with David Ehrlich giving the film a grade B+ and praising the film for cleverly reworking the Groundhog Day formula, while Peter Debruge of Variety stated that “Palm Springs is to time-loop movies as Zombieland was to the undead genre: It’s an irreverent take on a form where earlier iterations were obliged to take themselves seriously” and Vince Mancini of Uproxx made the claim that “Palm Springs is the perfect kind of art-comedy. It comes on like a brilliantly silly little lark and eventually lands on you like a ton of bricks”.

Today, it stands on Rotten Tomatoes at 94% with its critical consensus stating that “Strong performances, assured direction, and a refreshingly original concept make Palm Springs a romcom that’s easy to fall in love with.”