Planet Labs PBC (NYSE:PL) Posts Earnings Results, Beats Expectations By $0.04 EPS

Planet Labs PBC (NYSE:PL) posted its earnings results on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04, Briefing.com reports. The firm had revenue of $116.05 million for the quarter, compared to analysts’ expectations of $104.53 million. Planet Labs PBC had a negative return on equity of 105.29% and a negative net margin of 111.17%.The business’s revenue was up 58.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.07) earnings per share.

Here are the key takeaways from Planet Labs PBC’s conference call:

• Record Q2 revenue reached $116 million, up approximately 58% year over year, while non-GAAP gross margin was 59% and adjusted EBITDA was $13.9 million. Growth was led by satellite services and continued momentum in data and AI-enabled solutions.
• Planet raised the low end of its fiscal 2027 outlook, now forecasting revenue of $430 million to $441 million, non-GAAP gross margin of 55% to 57%, and adjusted EBITDA of $3 million to $10 million. Management also expects to remain adjusted free-cash-flow positive for the full year.
• The satellite-services pipeline expanded to more than $4 billion, with over 25% classified as near-term opportunities, including a German dedicated-capacity award worth up to €25 million over five years. Planet also highlighted an $8 million NGA contract and a new European defense agreement.
• Planet is accelerating investment in Pelican and Owl satellites, manufacturing capacity, supply-chain resiliency, and AI solutions, increasing fiscal-year CapEx guidance to approximately $100 million to $115 million. Owl is expected to provide roughly 10 times more data at up to 10 times lower latency, potentially supporting higher pricing and additional applications.
• Q3 revenue is expected to decline sequentially to $101 million to $105 million, partly because the Swedish satellite handover pulled point-in-time revenue into Q2. Q3 is also expected to post an adjusted EBITDA loss of $6 million to $1 million, while the $120 million raised through the ATM program during Q2 creates additional shareholder dilution.

Planet Labs PBC Trading Down 7.9%

NYSE:PL opened at $18.42 on Friday. The firm has a market capitalization of $6.56 billion, a P/E ratio of -16.16 and a beta of 2.10. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.81 and a quick ratio of 2.78. Planet Labs PBC has a one year low of $6.26 and a one year high of $51.76. The company’s 50-day simple moving average is $23.84 and its 200 day simple moving average is $30.12.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PL shares. Wedbush assumed coverage on shares of Planet Labs PBC in a report on Wednesday, July 1st. They issued an “outperform” rating and a $50.00 price target on the stock. Northland Securities set a $50.00 target price on shares of Planet Labs PBC in a research report on Friday, June 5th. New Street Research assumed coverage on shares of Planet Labs PBC in a research note on Wednesday, May 13th. They set a “sell” rating and a $28.00 target price on the stock. Zacks Research upgraded shares of Planet Labs PBC from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $36.00 price target on shares of Planet Labs PBC in a research note on Monday, June 15th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $34.56.

Insider Buying and Selling at Planet Labs PBC

In other news, Director John W. Raymond sold 6,494 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $26.16, for a total value of $169,883.04. Following the sale, the director directly owned 37,114 shares of the company’s stock, valued at $970,902.24. The trade was a 14.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Ashley F. Johnson sold 75,035 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total value of $1,656,772.80. Following the completion of the sale, the chief financial officer owned 1,132,122 shares in the company, valued at $24,997,253.76. The trade was a 6.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 171,122 shares of company stock valued at $4,148,906. Corporate insiders own 16.42% of the company’s stock.

Institutional Investors Weigh In On Planet Labs PBC

Institutional investors have recently made changes to their positions in the company. Intesa Sanpaolo S.p.A. bought a new position in Planet Labs PBC during the 4th quarter valued at about $118,000. Osaic Holdings Inc. grew its stake in shares of Planet Labs PBC by 64.3% in the second quarter. Osaic Holdings Inc. now owns 15,588 shares of the company’s stock worth $95,000 after acquiring an additional 6,101 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Planet Labs PBC by 45.1% in the second quarter. BNP Paribas Financial Markets now owns 23,150 shares of the company’s stock worth $141,000 after acquiring an additional 7,198 shares during the period. Ameriprise Financial Inc. purchased a new position in shares of Planet Labs PBC during the second quarter valued at approximately $154,000. Finally, Prudential Financial Inc. raised its holdings in shares of Planet Labs PBC by 66.3% during the second quarter. Prudential Financial Inc. now owns 26,380 shares of the company’s stock valued at $161,000 after purchasing an additional 10,520 shares during the last quarter. Hedge funds and other institutional investors own 41.71% of the company’s stock.

Planet Labs PBC News Summary

Here are the key news stories impacting Planet Labs PBC this week:

• Positive Sentiment: Planet reported record second-quarter revenue of $116.1 million, up 58% year over year, marking its fourth consecutive quarter meeting or exceeding the Rule of 40. Planet Reports Financial Results for Second Quarter of Fiscal Year 2027
• Positive Sentiment: Planet signed a seven-figure agreement with a European defense and intelligence customer, reinforcing demand for its satellite imagery and analytics in government and defense markets. Planet Signs 7-Figure Agreement with European Defense and Intelligence Customer
• Positive Sentiment: On an adjusted basis, Planet posted earnings of $0.02 per share, versus analysts’ expected loss of $0.02, while the company’s full-year revenue outlook of $430 million to $441 million is broadly consistent with the $436.3 million consensus estimate. Planet Labs Tops Q2 Earnings and Revenue Estimates
• Neutral Sentiment: Berenberg initiated or reiterated a Buy rating, providing analyst support, although the rating may be overshadowed by the company’s guidance and broader weakness in space-related stocks. Planet Labs Gets a Buy from Berenberg Bank
• Negative Sentiment: Planet’s third-quarter revenue outlook of $101 million to $105 million is well below the $114.3 million consensus estimate, raising concerns about a near-term growth slowdown.
• Negative Sentiment: Reported GAAP results showed a $0.03-per-share loss, slightly worse than the $0.02 expected loss, with profitability still weak. The combination of the earnings shortfall and below-consensus quarterly guidance likely drove the selling pressure. Planet Labs Earnings Results
• Negative Sentiment: Shares also faced sector-wide selling among commercial space and satellite companies, limiting the positive impact of Planet’s defense announcement. Planet Labs Sinks Despite New Defense Contract

About Planet Labs PBC

Planet Labs PBC is a public benefit corporation that operates one of the largest fleets of Earth-imaging satellites, providing high-frequency, high-resolution imagery and data analytics to a broad range of industries. The company’s multi-spectral satellite constellation captures daily snapshots of the planet, enabling clients to monitor changes in agriculture, forestry, urban development, energy infrastructure and environmental conditions. Planet’s imagery platform is designed to support timely decision-making by transforming raw satellite data into actionable insights for business and government users.

Founded in 2010 by former NASA scientists Will Marshall, Robbie Schingler and Chris Boshuizen, Planet Labs grew from a small startup into a key provider in the satellite imaging sector.