Planet Labs Q2 Revenue Jumps 58% to $116M, Adjusted EBITDA Hits $13.9M
PL has more than doubled off its 52-week low of $6.255 on elevated volume (2.6× avg).
Summary
Planet Labs delivered a strong Q2 FY2027, with revenue growing 58% year-over-year to a record $116.1 million, beating estimates due to increased traction in satellite services. The company reported a non-GAAP EPS of $0.02, surpassing the prior year's loss, alongside a GAAP loss per share of $0.03, and adjusted EBITDA swung to a $13.9 million profit from $6.4 million a year ago. Planet Labs also raised approximately $120 million via its ATM at $31.95 per share, boosting its cash reserves to $865.4 million. For Q3, the company projects a sequential revenue dip to $101-105 million and an adjusted EBITDA loss of $1-6 million, but maintains full-year revenue guidance of $430-441 million and adjusted EBITDA of $3-10 million, signaling continued growth. The stock currently trades at $19.5, significantly below the ATM sale price, suggesting the market may be discounting the guidance softness or dilution.
At the time of this announcement, PL was trading at $19.50 on NYSE in the Technology sector, with a market capitalization of approximately $6.5B. The 52-week trading range was $6.26 to $51.76. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.