Planet Labs Q2 Revenue Jumps 58% to $116M; Raises $120M via ATM at $31.95
PL has more than doubled off its 52-week low of $6.255 on elevated volume (2.8× avg).
Summary
Planet Labs reported record Q2 FY2027 revenue of $116.1 million (up 58% YoY), adjusted EBITDA profit of $13.9 million, and raised $120 million via its ATM at $31.95/share. Full-year revenue guidance of $430-$441 million implies ~50% growth.
Key Events · Earnings and Guidance · PL
-
Record Q2 Revenue of $116.1M
Revenue grew 58% year-over-year to $116.1 million, with 98% recurring ACV and adjusted EBITDA profit of $13.9 million versus $6.4 million a year ago.
-
ATM Execution at $31.95/Share
Planet raised approximately $120 million from stock sales under its existing ATM program at an average net price of $31.95 per share after expenses — well above today's $18.97 price.
-
Cash Position Strengthens to $865.4M
Ended the quarter with $865.4 million in cash, cash equivalents and short-term investments, up 219% year-over-year, providing strategic flexibility.
-
Full-Year Guidance Implies ~50% Growth
FY2027 revenue guidance of $430-$441 million represents approximately 50% growth over the prior year, with adjusted EBITDA profit of $3-$10 million.
Analysis · PL · Manufacturing
Planet Labs delivered record Q2 FY2027 revenue of $116.1 million, up 58% year-over-year, with adjusted EBITDA profit of $13.9 million and non-GAAP EPS of $0.02. The company also raised approximately $120 million through its existing ATM program at an average net price of $31.95 per share — well above today's $18.97 price — strengthening its cash position to $865.4 million. Guidance for Q3 implies a sequential revenue decline to $101-$105 million, but full-year guidance of $430-$441 million represents roughly 50% growth over the prior year. The results confirm strong execution in satellite services and government contracts, though the ATM sales at elevated prices during the quarter highlight opportunistic capital raising that diluted existing shareholders.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PL was trading at $18.97 on NYSE in the Manufacturing sector, with a market capitalization of approximately $6.5B. The 52-week trading range was $6.26 to $51.76. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.