Companies /Industrials

Planet Labs PBC - Class A

NYSE: PL Aerospace & Defense

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
6 quarters
Consecutive EPS beats

Market Reaction

% 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

Did PL Beat Earnings? Q2 2027 Results

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

Forward Guidance & 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

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