Earnings Report· 2026-09-03
PL
Q2 · 2027After-MarketPlanet Labs PBC
@stockwhiz_ai
EARNING PER SHARE
Actual ($)
0.02
300.00% YoY
Expected
-0.02
Beat
+200.00%
REVENUE
Actual ($)
116.05M
58.00% YoY
Expected
104.22M
Beat
+11.35%
Earning Report
| Metric | Q2 FY27 | Q2 FY26 | YoY Change % |
|---|---|---|---|
| Revenue | $116.05M | $73.39M | +58.0% |
| Net Loss | ($9.35M) | ($22.59M) | - |
| GAAP Basic and Diluted EPS | ($0.03) | ($0.07) | - |
| Non-GAAP Diluted EPS | $0.02 | ($0.01) | - |
Financial Outlook / Guidance
| Metric | Q3 FY27 Outlook | FY27 Outlook |
|---|---|---|
| Revenue | ~$101M-$105M | ~$430M-$441M |
| Non-GAAP Gross Margin | ~56%-58% | ~55%-57% |
| Adjusted EBITDA | ~($6)-($1)M | ~$3M-$10M |
| Capital Expenditures | ~$30M-$37M | ~$100M-$115M |
Business Highlights
- ➤Received a new $8M OTA award from the NGA for Global Monitoring Service.
- ➤German government awarded a dedicated-capacity Satellite Services tender with options.
- ➤Won a 7-figure, one-year European government agreement for high-resolution Mosaics and professional services.
- ➤Signed Planet’s first national program in Africa with the Rwanda Space Agency.
- ➤Renewed the New Mexico State Land Office partnership for public-trust-land monitoring.
- ➤Renewed global data-center and semiconductor-construction monitoring with a hyperscaler AI developer.
- ➤Partnered with FarmQA on AI-powered agronomic intelligence; sugar beet model is in pilot.
- ➤Partnered with Braga Technologies to enable automated change detection and near-real-time analytics.
- ➤Launched the Pelican-11 technical demonstration satellite, bringing high-resolution Pelicans on orbit to 10.
- ➤Shipped Tanager-2 and 18 SuperDoves to Vandenberg for the Transporter-18 mission.
- ➤Reached a strategic launch agreement with Isar Aerospace for Pelican satellites.
- ➤Expanded the Berlin facility; manufacturing is scheduled to begin this year.
- ➤Opened a London office as a hub for AI and analytics partnerships.
- ➤Advanced the agentic Planet AI application to open beta.
Management Commentary
Will Marshall, Co-Founder, Chief Executive Officer and Chairperson
“Planet delivered an outstanding second quarter, with record revenue of $116.1 million, representing 58% year-over-year growth and our fourth consecutive quarter of meeting or exceeding the Rule of 40.”
Will Marshall, Co-Founder, Chief Executive Officer and Chairperson
“The team continues to demonstrate strong execution, highlighted by our satellite handover for the Swedish Armed Forces and landmark contract wins in August with the NGA and the German government. We’ve seen incredible traction in satellite services and our pipeline has continued to expand. To capture this momentum, our strategy pairs AI-enabled analytics with sovereign satellite services, merging our core growth vectors into an even more powerful offering.”
Ashley Johnson, President and Chief Financial Officer
“Our strong top-line performance is translating to significant operating leverage, exceeding our expectations on non-GAAP gross margins and driving adjusted EBITDA profit of $13.9 million for the quarter.”
Ashley Johnson, President and Chief Financial Officer
“This strong performance, including year-to-date adjusted free cash flow of $28.8 million and an ending balance of cash, cash equivalents and short-term investments of $865.4 million, allows us the strategic flexibility to confidently invest behind our core growth initiatives while continuing to drive sustainable, long-term cash flow generation.”