Companies /Industrials
Planet Labs PBC - Class A
NYSE: PL Aerospace & Defense
$16.19
▼ $1.00 (−5.79%) today
Markets open · 2:14pm ET

Planet Labs (PL) Q2 2027 Earnings

Reported Sep 3, 2026, 4:05pm ET · SEC source
$0.02
Beat +193.90%
EPS · est. $-0.02 Adjusted
$116.1M
Beat +11.36%
Revenue · est. $104.2M
−3.0%
Trailing market
PL vs S&P since report
6 quarters
Consecutive EPS beats

How Did PL Stock React to Q2 2027 Earnings?

% change · around the report
−10%−5%0+5%Sep 3Sep 4report 4:05pm ETearnings−0.4%−8.8%
−10%−5%0+5%Sep 3Sep 4earnings−0.4%−8.8%
PL −8.8%S&P 500 −0.4%
−10%−5%0+5%Sep 3Sep 4report 4:05pm ETearnings+0.0%−8.8%
−10%−5%0+5%Sep 3Sep 4earnings+0.0%−8.8%
PL −8.8%NASDAQ +0.0%
−14%−7%0Sep 2Sep 11report 4:05pm ETearnings−1.0%−16.5%
−14%−7%0Sep 2Sep 11earnings−1.0%−16.5%
PL −16.5%S&P 500 −1.0%
−14%−7%0Sep 2Sep 11report 4:05pm ETearnings−0.3%−16.5%
−14%−7%0Sep 2Sep 11earnings−0.3%−16.5%
PL −16.5%NASDAQ −0.3%
−1.25%
Day of report
−1.71%
Next session
−10.60%
One week
−2.04%
30 days

S&P 500 over the same 30 days: +0.91%.

Did PL Beat Earnings? Q2 2027 Results

Yes. Planet Labs reported Q2 2027 earnings of $0.02 a share on Sep 3, 2026, beating the $-0.02 consensus estimate by 193.9%. Revenue was $116.1M against a $104.2M estimate.

Planet Labs PBC delivered a standout fiscal second quarter of 2027, posting revenue of $116.05 million, a 58.1% year-over-year surge that beat the $104.22 million consensus estimate by 11.36%, while adjusted EPS of $0.02 cleared the $-0.0213 consensus by 193.90%, extending the company's streak to five consecutive quarters of beating EPS expectations. The revenue strength was fueled by expanding government and commercial contract momentum, including an $8.00 million NGA award for its Global Monitoring Service and a German government satellite services tender worth up to €25 million over five years. Non-GAAP net income swung to $8.27 million from a loss in the prior-year period, and adjusted EBITDA more than doubled to $13.93 million from $6.41 million. Options markets had flagged significant expected volatility heading into the report, and the results delivered. Looking ahead, Planet guided full-year fiscal 2027 revenue of $430.00 million to $441.00 million with adjusted EBITDA profit of $3.00 million to $10.00 million, signaling continued progress toward sustained profitability.

Key Takeaways
  • 58% year-over-year revenue growth to record $116.1 million
  • Fourth consecutive quarter meeting or exceeding the Rule of 40
  • 98% recurring annual contract value
  • Adjusted EBITDA profit of $13.9 million vs $6.4 million year-over-year
  • Strong traction in satellite services and expanding pipeline
  • Non-GAAP gross margin of 59%

“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.”

Planet Labs CEO, on the earnings call

What Is Planet Labs's Outlook?

For Q3 FY2027 (ending October 31, 2026), Planet expects revenue of approximately $101 million to $105 million, non-GAAP gross margin of approximately 56% to 58%, adjusted EBITDA loss of approximately ($6) million to ($1) million, and capital expenditures of approximately $30 million to $37 million. For full fiscal year 2027, Planet expects revenue of approximately $430 million to $441 million, non-GAAP gross margin of approximately 55% to 57%, adjusted EBITDA profit of approximately $3 million to $10 million, and capital expenditures of approximately $100 million to $115 million.

PL YoY Financials

Q2 2027 vs Q2 2026 · SEC filings Q2 2026 Q2 2027
$0$40.0M$80.0M$120.0M$73.4M$116.1MRevenue$42.3M$65.6MGross Profit$-10,826,254$-13,509,000Operating Income$-5,897,226$-9,353,000Net Income
$0$40.0M$80.0M$120.0MRevenueGross ProfitOperating IncomeNet Income
PL income statement, Q2 2027 versus Q2 2026
Metric Q2 2027 Q2 2026 Year over year
Revenue $116.1M $73.4M +58.1%
Gross Profit $65.6M $42.3M +55.3%
Operating Income −$13.5M −$10.8M +24.8%
Net Income −$9.4M −$5.9M +58.6%

When Does Planet Labs Report Next?

Expected report date

Figures from SEC filings and company reports. Not investment advice.