Planet Labs stock falls as softer guidance offsets revenue beat

Planet Labs PBC (US72919Q1058) closed at USD 16.91 on the NYSE on September 22, 2026, down 0.94 percent, as weaker forward guidance continued to outweigh a strong fiscal second-quarter performance. The stock was 14.2 percent below its year-start level of USD 19.71, according to the latest quoted market data.

Revenue beat meets softer guidance

Planet Labs reported fiscal second-quarter 2027 revenue of USD 116.05 million on September 3, 2026, an increase of 58.2 percent from the same quarter a year earlier. Adjusted earnings per share were USD 0.02, compared with a consensus expectation of a USD 0.02 loss, according to Tickeron.

The forward numbers changed the market reading. Management guided fiscal third-quarter 2027 revenue to USD 101 million to USD 105 million, below the approximately USD 114 million consensus cited by Tickeron. The same outlook called for an adjusted EBITDA loss of USD 1 million to USD 6 million, while fiscal 2027 capital expenditure guidance increased to USD 100 million to USD 115 million.

Berlin facility adds an operating angle

A separate September 22, 2026 report described Planet Labs opening a Berlin facility for Pelican satellite production. The company said the Berlin team exceeded 150 employees and planned to add about 70 positions by 2027, while the site is expected to support production of as many as 60 optical satellites annually, according to Eastmoney.

That expansion gives the revenue growth a physical capacity angle, but it also reinforces the spending question. Capital expenditure guidance of up to USD 115 million for fiscal 2027 is material alongside the projected third-quarter adjusted EBITDA loss, making execution and cash discipline central to the next earnings assessment.

Stock remains below its yearly peak

At the September 22, 2026 close, Planet Labs had a market capitalization of USD 6.15 billion and volume of 10.06 million shares. The quoted 52-week range was USD 10.52 to USD 51.76, placing the close USD 34.85 below the high and USD 6.39 above the low.

Planet Labs stock closed at USD 16.91 on the NYSE on September 22, 2026, with a daily change of minus 0.94 percent. The next market checkpoint is whether the company can convert 58.2 percent year-over-year quarterly revenue growth into improving profitability while funding its expanded satellite manufacturing capacity.

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