Planet Labs stock gained 6.97 percent after a strong quarter

Published on 10/07/2026 at 05:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Planet Labs stock posted USD 116.05 million in fiscal Q2 2027 revenue, up 58.2 percent year over year. A 13-analyst Hold consensus sets a USD 32.77 target.

PL, US72703X1063, Illustration mit AI erstellt.

Planet Labs PBC (ISIN US72703X1063) was last at USD 18.57 on October 6, 2026 at 4:00 p.m. ET, up 6.97 percent for the session. Fiscal second-quarter results supplied the catalyst, with Yahoo Finance reporting on September 3, 2026 that revenue reached USD 116.1 million for fiscal Q2 2027.

Revenue growth meets softer cadence

The quarter ended July 31, 2026 produced revenue of USD 116.05 million, according to MarketBeat. That was 58.2 percent above the year-earlier quarter and exceeded the USD 104.53 million consensus estimate, while adjusted EPS was USD 0.02 versus an expected loss of USD 0.02.

The GAAP picture was weaker than the adjusted result. Planet posted a GAAP net loss of USD 9.4 million in fiscal Q2 2027, compared with USD 22.6 million a year earlier, while adjusted EBITDA reached USD 13.9 million, according to Yahoo Finance.

Guidance raises the next test

Management lifted the lower end of fiscal 2027 revenue guidance to USD 430 million from USD 415 million, setting a range of USD 430 million to USD 441 million. The same outlook calls for adjusted EBITDA profit of USD 3 million to USD 10 million, but fiscal third-quarter revenue guidance of USD 101 million to USD 105 million implies a sequential decline from the USD 116.05 million second-quarter result.

That split matters for investors: Planet is converting large contracts into revenue, but quarterly timing can make growth and profitability move in different directions. Yahoo Finance reported remaining performance obligations of USD 753.1 million at the quarter end, with 46 percent expected to convert within 12 months.

Consensus target stays above price

MarketBeat reported a Hold consensus from 13 analysts, with an average price target of USD 32.77 and individual targets from USD 25 to USD 40. The average target lies 76.5 percent above the USD 18.57 price on October 6, 2026, but the spread reflects different views on contract timing, government demand and cash intensity.

Planet describes its business as a provider of daily Earth data and insights, with satellite imagery supporting agriculture, forestry, mapping and government users, according to its investor-relations page. The company therefore combines recurring data revenue with capital requirements for satellites, launches and manufacturing.

PL stock remains below its yearly high

PL stock was last at USD 18.57 on the NYSE on October 6, 2026 at 4:00 p.m. ET, against a 52-week range of USD 10.52 to USD 51.76 and a market capitalization of USD 6.2 billion.