PL

Wall Street expects an adjusted loss of $0.02 per share, according to Fiscal.ai. Planet Labs signed a seven-figure, one-year contract with a European defense and intelligence customer for its Planet Mosaics product. Berenberg recently said that it expects AI-based growth opportunities for Planet Labs. Shares of Planet Labs (PL) crashed more than 9% to their lowest level in over eight months on Thursday, as investors awaited the company’s second-quarter results later in the day. For its fiscal second quarter, Planet guided for revenue of $102 million to $107 million, compared with $73.4 million a year earlier. The company also expects a gross margin of 52% to 55% and adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) between break-even and $5 million. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox Wall Street expects revenue of $104.22 million and an adjusted loss of $0.02 per share, according to Fiscal.ai, narrower than the $0.03 loss reported a year earlier. On Wednesday, Berenberg initiated coverage of the stock with a ‘Buy’ rating and $25 price target. Analyst Michael Filatov highlighted Planet’s ability to image the Earth’s landmass daily and its eight-year imagery archive, which would be difficult for competitors to recreate. Filatov also sees AI creating growth opportunities, both by using Planet’s real-world imagery to train models and by helping customers analyze its archive more efficiently. Planet has a 12-month consensus price target of $38.73, implying roughly 109% upside from the current level. Eight of the 12 analysts covering the stock have a ‘Buy’ rating, three have a ‘Hold’ rating, and one has a ‘Sell’ rating, according to Koyfin. On Thursday, Planet Labs announced a seven-figure, one-year agreement with a European defense and intelligence customer for its Planet Mosaics product and professional services. Planet Mosaics combines multiple satellite images into a single map. It recently signed a launch agreement with Isar Aerospace for its next-generation Pelican satellites and launched its first national program in Africa with the Rwandan government. The Rwanda program will use Planet’s satellite data for agriculture, forest monitoring, urban planning and disaster response. Despite the decline, retail sentiment for PL on Stocktwits remained ‘extremely bullish’ over the past 24 hours, amid ‘extremely high’ message volumes. One user expects the stock to crash to below $15 after the earnings. Another user expects the stock to “skyrocket” if the results are great. PL shares are down 7.4% so far in 2026. Also read: AVGO Stock Sinks To Near 5-Month Lows Despite Exploding AI Sales — Wall Street Reactions Are Mixed For updates and corrections, email newsroom[at]stocktwits[dot]com. Arnab Paul has no position in any of the stocks mentioned in this article. StockTwits' news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits. Related: SoFi's Kraken Deal Grows Its Stablecoin Reach — Analyst Calls It 'Another Positive Development' But Still Sees 13% Downside SoFi's Kraken Deal Grows Its Stablecoin Reach — Analyst Calls It 'Another Positive Development' But Still Sees 13% Downside TSLA Stock Slips Overnight As Safety Regulator Scrutinizes Cybercab — Retail Fumes Over Event Blackout

Interested in Planet Labs PBC? Here are five stocks we like better. Record Q2 performance: Planet Labs reported $116 million in revenue, up approximately 58% year over year, with a 59% non-GAAP gross margin and profitable adjusted EBITDA. Defense and intelligence revenue rose more than 90%, led by satellite-services execution. Growing government opportunity: Remaining performance obligations reached approximately $753 million, while management identified more than $4 billion in satellite-services opportunities, with over 25% considered near-term. New awards included an $8 million NGA contract and a potential €25 million German defense deal. Higher outlook, heavier investment: Planet raised fiscal 2027 revenue guidance to $430 million–$441 million and adjusted EBITDA guidance to $3 million–$10 million, while planning $100 million–$115 million in capital expenditures for manufacturing expansion and next-generation Pelican and Owl satellite fleets. AST SpaceMobile Stock Soared 12%—This Was the Catalyst Planet Labs PBC (NYSE:PL) reported record second-quarter revenue of $116 million, up approximately 58% from a year earlier, as satellite services execution and demand from defense and intelligence customers drove growth. The company also raised the low end of its full-year fiscal 2027 outlook for revenue and adjusted EBITDA. Chief Executive Officer, Chairperson and Co-Founder Will Marshall said the company’s non-GAAP gross margin reached 59% during the quarter, exceeding expectations, while adjusted EBITDA was profitable. Planet also exceeded the “Rule of 40” metric for a fourth consecutive quarter, combining its revenue growth rate with adjusted EBITDA margin. → Boarding Call: EHang Secures First-Mover Altitude Could Falling Yields Make REIT Stocks Worth a Second Look? President and Chief Financial Officer Ashley Johnson said the company’s quarterly outperformance was primarily related to execution on satellite services contracts, including the handover of its first Pelican satellite for the Swedish Armed Forces. Planet launched the satellite in May, four months after signing the contract, and completed commissioning quickly enough for the handover to contribute point-in-time revenue in the second quarter. Defense and intelligence revenue increased more than 90% year over year, including satellite services revenue. Commercial-sector revenue rose more than 15%, while civil government revenue grew more than 5%. → Medtronic’s Stars Are Aligning for a Price Recovery Satellogic Is Tiny But Its Revenue Growth Is Hard to Ignore Regionally, Planet reported year-over-year revenue growth of approximately 3% in Latin America, more than 15% in Asia-Pacific, about 25% in North America and more than 130% in Europe, the Middle East and Africa. Johnson said the growth in international and defense revenue reflected the company’s delivery against satellite services backlog. Point-in-time revenue represented 12% of second-quarter revenue, compared with 1% in the prior-year period. Johnson said this measure may vary from quarter to quarter as the company expands satellite services, because certain contracts are recognized when delivery milestones are completed. → Dutch Bros Sell-Off Creates a Growth Opportunity Planet ended the quarter with approximately $753 million in remaining performance obligations, up about 9% year over year, and estimated backlog of roughly $815 million, up approximately 11%. About half of backlog applies to the next 12 months, according to the company. Planet announced an $8 million contract with the National Geospatial-Intelligence Agency to deploy its Global Monitoring Service in support of national-defense priorities. Marshall said the award followed a Defense Innovation Unit pilot supporting INDOPACOM and includes options to expand and extend the work. The company also received a seven-figure, one-year agreement with a European defense and intelligence customer for high-resolution global mosaics and operational-planning support. In August, the German government announced a tender award for dedicated-capacity satellite services with a maximum possible value of €25 million over five years, including options. Marshall said Planet has identified more than $4 billion of satellite-services opportunities, with more than 25% classified as near-term pipeline. In response to analyst questions, he defined near term as “quarters, not years,” and said the opportunity set spans EMEA, Asia-Pacific and North America. He also said the pipeline includes both smaller civil-government opportunities and larger transactions. Outside defense, Planet signed a contract with the Rwanda Space Agency to provide national high-resolution data and analytics for government entities and public universities. The data will support applications including agriculture, urban management, spatial planning and disaster response. Marshall called it Planet’s first national program of its kind in Africa. In the commercial market, Planet cited an expanded six-figure renewal with a hyperscale AI developer that uses Planet’s Pelican imagery to monitor construction of data centers and semiconductor manufacturing facilities. The company also detailed partnerships with FarmQA on AI-powered agricultural intelligence tools and Bragger Technologies on change detection and natural-resource management analytics. Marshall said Planet’s AI application has progressed to open beta. The tool is designed to make the company’s archive of daily Earth imagery searchable using natural-language queries. He said the company is focused on learning from users before determining the product’s broader commercialization and go-to-market strategy. Management emphasized the strategic value of Planet’s archive and daily imaging coverage. Marshall said the company’s Global Monitoring Service and maritime-domain-awareness capabilities rely on historical data to identify meaningful changes and patterns over time. Planet launched a next-generation Pelican technology demonstration satellite in July. Marshall said the satellite met its major goals and supports the company’s path toward 30-centimeter-class imagery, though it is not intended to serve customers. The company also shipped its second Tanager hyperspectral satellite and 18 SuperDove satellites for a planned fall launch on SpaceX’s Transporter-18 mission. The company is accelerating development of its planned Owl next-generation monitoring system, which is intended to improve imagery resolution from 3-meter to 1-meter class and reduce latency to as little as one hour in key areas. Marshall said the system is expected to deliver roughly 10 times more data about 10 times faster, potentially enabling higher-priced applications. Planet is expanding manufacturing capacity in San Francisco and Berlin. Its German facility is expected to roughly double manufacturing capacity, with clean-room fit-out planned for September and initial production expected this year. The company also announced a launch partnership with Isar Aerospace for a Pelican mission planned next year. For the third quarter, Planet forecast revenue of $101 million to $105 million, representing approximately 27% year-over-year growth at the midpoint. The company expects non-GAAP gross margin of 56% to 58% and an adjusted EBITDA loss of $6 million to $1 million. For fiscal 2027, Planet raised its revenue outlook to $430 million to $441 million, implying growth of 40% to 43%. It projected non-GAAP gross margin of 55% to 57% and adjusted EBITDA of $3 million to $10 million. Capital expenditures are expected to total approximately $100 million to $115 million for the year, reflecting investments in manufacturing facilities, supply-chain resiliency and next-generation Pelican and Owl fleets. Johnson said the company is making advanced purchases of longer-lead-time items in response to demand and to maintain its ability to deliver satellites quickly. Planet generated approximately $68 million in net cash from operating activities year to date and ended the quarter with about $865 million of cash equivalents and short-term investments. During the quarter, the company raised approximately $120 million through stock sales under its at-the-market program. Johnson said the capital was intended primarily to provide strategic balance-sheet flexibility while management seeks to minimize dilution. 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. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Planet Labs PBC Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for September 2026.

Planet Labs’ Q2 revenue surged 58% year-over-year to $116.1 million, topping the $104.22 million consensus estimate. The company posted adjusted EPS of $0.02, beating the analyst estimate of a loss of $0.02. Stocktwits retail sentiment remained “extremely bullish” as traders highlighted the double beat and strong backlog despite a softer Q3 outlook. Planet Labs (PL) reported strong second-quarter results on Thursday after the market close, with revenue and earnings beating Wall Street estimates. PL shares gained more than 8% after-hours at the time of writing, while Stocktwits retail sentiment was ‘extremely bullish’ following the company’s double beat. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox Planet Labs’ second-quarter revenue increased 58% year-over-year to $116.1 million, topping the consensus estimate of $104.22 million, according to Fiscal.ai. The company reported second-quarter adjusted earnings per share (EPS) of $0.02, which was above the analyst estimate of a loss of $0.02. Second-quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) were $13.9 million, compared with $6.4 million in the second quarter of fiscal 2026. Planet Labs ended the quarter with around $753.1 million in remaining performance obligations (RPOs), of which 46% apply to the next 12 months. Second-quarter backlog stood at $814.9 million, with 50% applying to the next 12 months. “Planet delivered an outstanding second quarter, with record revenue of $116.1 million, representing 58% year-over-year growth and our fourth consecutive quarter of meeting or exceeding the Rule of 40,” said Will Marshall, Planet’s co-founder, CEO and chairperson. Despite the strong second-quarter results, Planet Labs’ third-quarter revenue guidance came in below the analyst consensus. For the third quarter of fiscal 2027, ending October 31, 2026, the company expects revenue of $101 million to $105 million, below Wall Street’s $114.49 million consensus estimate, according to Fiscal.ai. Planet Labs expects an adjusted EBITDA loss of around $6 million to $1 million for the quarter. Capital expenditures are expected to be about $30 million to $37 million. For the full fiscal year 2027, Planet Labs expects revenue of $430 million to $441 million, compared with the consensus estimate of $435.91 million. The company expects adjusted EBITDA profit of $3 million to $10 million, while capital expenditures are expected to be between $100 million and $115 million for the year. On Stocktwits, retail sentiment for PL remained ‘extremely bullish,’ unchanged in the past 24 hours, while message volume was ‘extremely high’ in the same period. A bullish Stocktwits trader called it a “double beat,” and added that they were a “clean beat,” with 58% year-over-year growth that “blew past” expectations. Another trader said, “You cannot have a better earnings report than this one,” calling the double beat “way beyond expectations.” The trader added Planet Labs is a “massive player in the space sector” and that “the ride is only beginning.” A third trader pointed to the softer Q3 guidance, stating that it was mainly due to “contract timing + investment” and “not because demand disappeared.” PL stock has lost 2.7% year-to-date. Also See: OpenAI Launches GPT-6 Astra As AI Race Intensifies — Calls It A ‘Generational Leap’ For updates and corrections, email newsroom[at]stocktwits[dot]com. Aveek Bhowmik has no position in any of the stocks mentioned in this article. StockTwits' news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits. Related: SoFi's Kraken Deal Grows Its Stablecoin Reach — Analyst Calls It 'Another Positive Development' But Still Sees 13% Downside SoFi's Kraken Deal Grows Its Stablecoin Reach — Analyst Calls It 'Another Positive Development' But Still Sees 13% Downside TSLA Stock Slips Overnight As Safety Regulator Scrutinizes Cybercab — Retail Fumes Over Event Blackout

Planet Labs PBC (PL) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to a loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +200.00%. A quarter ago, it was expected that this company would post a loss of $0.03 per share when it actually produced a loss of $0.03, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Planet Labs PBC, which belongs to the Zacks Satellite and Communication industry, posted revenues of $116.05 million for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 10.67%. This compares to year-ago revenues of $73.39 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Planet Labs PBC shares have added about 1.4% since the beginning of the year versus the S&P 500's gain of 12%. While Planet Labs PBC has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Planet Labs PBC was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.02 on $113.41 million in revenues for the coming quarter and -$0.07 on $436.68 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Satellite and Communication is currently in the bottom 11% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Paychex (PAYX), another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended August 2026. This payroll processor and human-resources services provider is expected to post quarterly earnings of $1.33 per share in its upcoming report, which represents a year-over-year change of +9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Paychex's revenues are expected to be $1.62 billion, up 5.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Planet Labs PBC (PL) : Free Stock Analysis Report Paychex, Inc. (PAYX) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Delivered Record Quarterly Revenue of $116 Million, up 58% YoYSuccessfully Launched Pelican Tech DemoShipped Tanager-2 & SuperDove Satellites to Vandenburg for LaunchEnd of Period Cash, Cash Equivalents, and Short-Term Investments Increased 219% YoY to $865 Million SAN FRANCISCO, September 03, 2026--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL) ("Planet" or the "Company"), a leading provider of daily data and insights about change on Earth, today announced financial results for the period ended July 31, 2026. "Planet delivered an outstanding second quarter, with record revenue of $116.1 million, representing 58% year-over-year growth and our fourth consecutive quarter of meeting or exceeding the Rule of 40," said Will Marshall, Planet’s Co-Founder, Chief Executive Officer and Chairperson. "The team continues to demonstrate strong execution, highlighted by our satellite handover for the Swedish Armed Forces and landmark contract wins in August with the NGA and the German government. We’ve seen incredible traction in satellite services and our pipeline has continued to expand. To capture this momentum, our strategy pairs AI-enabled analytics with sovereign satellite services, merging our core growth vectors into an even more powerful offering." Ashley Johnson, Planet’s President and Chief Financial Officer, added, "Our strong top-line performance is translating to significant operating leverage, exceeding our expectations on non-GAAP gross margins and driving adjusted EBITDA profit of $13.9 million for the quarter." Ms. Johnson continued, "This strong performance, including year-to-date adjusted free cash flow of $28.8 million and an ending balance of cash, cash equivalents and short-term investments of $865.4 million, allows us the strategic flexibility to confidently invest behind our core growth initiatives while continuing to drive sustainable, long-term cash flow generation." Second Quarter of Fiscal Year 2027 Financial and Key Metric Highlights: Second quarter revenue increased 58% year-over-year to a record $116.1 million. Percent of recurring annual contract value (ACV) was 98% as of the end of the second quarter. Second quarter gross margin was 57%, compared to 58% in the second quarter of fiscal year 2026. Second quarter non-GAAP gross margin was 59%, compared to 61% in the second quarter of fiscal year 2026. Second quarter net loss was ($9.4) million, compared to ($22.6) million in the second quarter of fiscal year 2026. Second quarter adjusted EBITDA profit was $13.9 million, compared to $6.4 million in the second quarter of fiscal year 2026. Second quarter GAAP net loss per share was ($0.03) and non-GAAP net income per share was $0.02. Ended the quarter with approximately $753.1 million in Remaining Performance Obligations (RPOs), of which approximately 46% apply to the next twelve months and approximately 68% to the next 24 months. Second quarter backlog was approximately $814.9 million, of which approximately 50% apply to the next twelve months and approximately 70% to the next 24 months. Year-to-date net cash provided by operating activities was $68.4 million, year-to-date free cash flow was $21.3 million, and year-to-date adjusted free cash flow was $28.8 million. Cash, cash equivalents and short-term investments were $865.4 million at the end of the second quarter. During the quarter, Planet raised approximately $120 million from stock sales under its At-The-Market program, at an average net sale price of $31.95 per share after expenses. Please see "Planet’s Use of Non-GAAP Financial Measures" below for a discussion on how Planet calculates the non-GAAP financial measures presented herein. In addition, reconciliations to the most directly comparable U.S. GAAP financial measures are provided in the tables at the end of this release. Recent Business Highlights: Growing Customer and Partner Relationships National Geospatial-Intelligence Agency: In August, Planet received a new $8 million OTA award from the National Geospatial-Intelligence Agency (NGA) to deploy Planet’s Global Monitoring Service (GMS). German Federal Ministry of the Interior (BMI): German Civil Government: In August, the German government announced that Planet was awarded a tender for dedicated capacity Satellite Services. The tender award includes options and has a maximum possible value of €25 million over 5 years. European Defense & Intelligence Customer: In August, Planet was awarded a 7-figure, 1-year agreement with a European government customer to supply high-resolution global Mosaics and dedicated professional services support for operational planning. Rwanda Space Agency: During the quarter, Planet has signed a new contract with the Rwanda Space Agency to provide national high resolution data and analytics to be used in diverse applications across Government Ministries, Departments and Agencies, as well as public universities. The satellite imagery data will be used in policy and decision support on agriculture, urban management, spatial planning, disaster response, amongst other applications. This deal marks Planet’s first national program of its kind in Africa. New Mexico State Land Office: During the quarter, Planet signed a 1-year contract renewal with the New Mexico State Land Office (NMSLO). Since 2019, this long-standing partnership has evolved into a sophisticated, multi-product strategy that enables NMSLO to monitor, protect, and manage more than 9 million acres of public trust land. Data Center Monitoring: In August, Planet signed a renewal with a hyperscaler AI developer for global monitoring of data centers and semi-conductor manufacturing facility construction. Planet's Pelican high resolution data is used to track milestones of construction for these facilities, which are strong indicators of supply chain health and computing capacity. FarmQA: Planet partnered with FarmQA to develop and commercialize AI-powered agronomic intelligence tools for enterprise agriculture. The first application of the collaboration is already in the field: an AI-driven sugar beet yield estimation model, currently being piloted with multiple sugar beet cooperatives during the 2026 growing season. Braga Technologies: Planet partnered with Braga Technologies to integrate Planet’s high-frequency satellite data into Braga Technologies’ Spatial Intelligence platform, enabling automated change detection and near-real-time analytics for natural resource management and civil government applications. Technology and Operational Updates Successfully Launched Pelican-11 Satellite: In July, Planet launched the Pelican-11 technical demonstration satellite, bringing the total number of high-resolution Pelicans on orbit to 10. Shipped Tanager-2 and SuperDoves to Launch Site: Earlier this week, Planet announced that the Tanager-2 satellite and 18 SuperDove satellites (Flock 4J) were shipped to Vandenberg Space Force Base in California ahead of its launch aboard the upcoming Transporter-18 mission with SpaceX. This will be Planet’s third launch this year. Isar Partnership: Planet announced a strategic launch agreement with European space company Isar Aerospace. Under the agreement, Isar Aerospace will launch one of Planet’s Pelican satellites, with additional satellites planned for future launches. With both the satellite and rocket being built in Germany, this launch will be a national first for the country. Berlin Manufacturing: Planet is rapidly scaling its European presence with the strategic expansion of its Berlin facility, marking a major milestone in its manufacturing capability. As of September 1, Planet will begin the initial facility set-up and operational readiness activities. Manufacturing is scheduled to begin this year. London Office: Over the summer, Planet opened a new office in London, serving as a national hub for AI and analytics partnerships. Its strategic location, steps away from Westminster and Whitehall, facilitates deeper engagement with policymakers and key stakeholders in the UK government and NATO alliance representatives. Planet AI Application: Planet’s agentic AI app has progressed to an open beta phase. This pioneering tool is focused on making Planet’s massive global data archive queryable through natural language. By leveraging Planet’s daily data and integrating LLMs, it can help lower the barriers to entry for non-technical users in emerging markets, allowing teams without geospatial expertise to accelerate their adoption of Planet’s products. Financial Outlook For the third quarter of fiscal year 2027, ending October 31, 2026, Planet expects revenue to be in the range of approximately $101 million to $105 million. Non-GAAP gross margin is expected to be in the range of approximately 56% to 58%. Adjusted EBITDA loss is expected to be in the range of approximately ($6) to ($1) million for the quarter. Capital expenditures are expected to be in the range of approximately $30 million and $37 million for the quarter. For the full fiscal year 2027, Planet expects revenue to be in the range of approximately $430 million to $441 million. Non-GAAP gross margin is expected to be in the range of approximately 55% to 57%. Adjusted EBITDA profit is expected to be in the range of approximately $3 and $10 million. Capital expenditures are expected to be in the range of approximately $100 million and $115 million for the year. Planet has not reconciled its non-GAAP financial outlook to the most directly comparable GAAP measures because certain reconciling items, such as stock-based compensation expenses and depreciation and amortization, are uncertain or out of Planet’s control and cannot be reasonably predicted. The actual amount of these expenses during the quarter and full fiscal year will have a significant impact on Planet’s future GAAP financial results. Accordingly, a reconciliation of Planet’s non-GAAP outlook to the most comparable GAAP measures is not available without unreasonable efforts. The foregoing forward-looking statements reflect Planet’s expectations as of today’s date. Given the number of risk factors, uncertainties and assumptions discussed below, actual results may differ materially. Webcast and Conference Call Information Planet will host a conference call at 5:00 p.m. ET / 2:00 p.m. PT today, September 3, 2026. The webcast can be accessed at www.planet.com/investors/. The webcast replay will be available at the same location approximately two hours following the event and will remain accessible for at least 1 year. If you would prefer to register for the conference call, please go to the following link: https://events.q4inc.com/attendee/465806785. You will then receive your access details via email. Additionally, a supplemental presentation has been provided on Planet’s investor relations page. About Planet Labs PBC Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites. Planet provides mission-critical data, advanced insights, and software solutions to customers comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation listed on the New York Stock Exchange as PL. To learn more visit www.planet.com and follow us on X. Channels for Disclosure of Information Planet intends to announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission, press releases, public conference calls, webcasts, the investor relations section of its website (investors.planet.com) and its blog (planet.com/pulse) in order to achieve broad, non-exclusionary distribution of information to the public and for complying with its disclosure obligations under Regulation FD. It is possible that the information Planet posts on its website could be deemed to be material information. As such, Planet encourages investors, the media, and others to follow the channels listed above and to review the information disclosed through such channels. Planet’s Use of Non-GAAP Financial Measures This press release includes non-GAAP gross profit, non-GAAP gross margin, certain non-GAAP expenses described further below, non-GAAP loss from operations, non-GAAP net income (loss), non-GAAP net income (loss) per diluted share, adjusted EBITDA, backlog, free cash flow, and adjusted free cash flow, which are non-GAAP measures the Company uses to supplement its results presented in accordance with U.S. GAAP. The Company includes these non-GAAP financial measures because they are used by management to evaluate the Company’s core operating performance and trends and to make strategic decisions regarding the allocation of capital and new investments. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation from, as a substitute for, or superior to, measures of financial performance prepared in accordance with U.S. GAAP. The non-GAAP financial measures presented are not based on any standardized methodology prescribed by U.S. GAAP and are not necessarily comparable to similarly-titled measures presented by other companies, which may have different definitions from the Company’s. Further, certain of the non-GAAP financial measures presented exclude stock-based compensation expenses, which has recently been, and will continue to be for the foreseeable future, a significant recurring expense for the Company and an important part of its compensation strategy. Non-GAAP Gross Profit and Non-GAAP Gross Margin: The Company defines and calculates Non-GAAP gross profit as gross profit adjusted for stock-based compensation, amortization of acquired intangible assets, restructuring costs, and employer payroll taxes related to earnout share vesting. The Company defines non-GAAP gross margin as non-GAAP gross profit divided by revenue. Non-GAAP Expenses: The Company defines and calculates non-GAAP cost of revenue, non-GAAP research and development expenses, non-GAAP sales and marketing expenses, and non-GAAP general and administrative expenses as, in each case, the corresponding U.S. GAAP financial measure (cost of revenue, research and development expenses, sales and marketing expenses, and general and administrative expenses) adjusted for stock-based compensation, amortization of acquired intangible assets, restructuring costs, certain litigation expenses, and employer payroll taxes related to earnout share vesting, that are classified within each of the corresponding U.S. GAAP financial measures. Non-GAAP Loss from Operations: The Company defines and calculates non-GAAP loss from operations as loss from operations adjusted for stock-based compensation, amortization of acquired intangible assets, restructuring costs, certain litigation expenses, and employer payroll taxes related to earnout share vesting. Non-GAAP Net Income (Loss) and Non-GAAP Net Income (Loss) per Diluted Share: The Company defines and calculates non-GAAP net income (loss) as net loss adjusted for stock-based compensation, amortization of acquired intangible assets, restructuring costs, certain litigation expense, employer payroll taxes related to earnout share vesting, change in fair value of warrant liabilities, and the income tax effects of the non-GAAP adjustments. The Company defines and calculates non-GAAP net income (loss) per diluted share as non-GAAP net income (loss) divided by diluted weighted-average common shares outstanding. Adjusted EBITDA: The Company defines and calculates adjusted EBITDA as net income (loss) before the impact of interest income and expense, income tax provision and depreciation and amortization, and further adjusted for the following items: stock-based compensation, change in fair value of warrant liabilities, other income (expense), net, restructuring costs, certain litigation expenses, and employer taxes related to earnout share vesting. The Company presents non-GAAP gross profit, non-GAAP gross margin, certain non-GAAP expenses described above, non-GAAP loss from operations, non-GAAP net loss, non-GAAP net loss per diluted share and adjusted EBITDA because the Company believes these measures are frequently used by analysts, investors and other interested parties to evaluate companies in Planet’s industry and facilitates comparisons on a consistent basis across reporting periods. Further, the Company believes these measures are helpful in highlighting trends in its operating results because they exclude items that are not indicative of the Company’s core operating performance. Backlog: The Company defines and calculates backlog as remaining performance obligations plus the cancelable portion of the contract value for contracts that provide the customer with a right to terminate for convenience without incurring a substantive termination penalty and written orders where funding has not been appropriated. Backlog does not include unexercised contract options. Remaining performance obligations represent the amount of contracted future revenue that has not yet been recognized, which includes both deferred revenue and non-cancelable contracted revenue that will be invoiced and recognized in revenue in future periods. Remaining performance obligations do not include contracts which provide the customer with a right to terminate for convenience without incurring a substantive termination penalty, written orders where funding has not been appropriated and unexercised contract options. An increasing and meaningful portion of the Company’s revenue is generated from contracts with the U.S. government and other government customers. Cancellation provisions, such as termination for convenience clauses, are common in contracts with the U.S. government and certain other government customers. The Company presents backlog because the portion of its customer contracts with such cancellation provisions represents a meaningful amount of the Company’s expected future revenues. Management uses backlog to more effectively forecast the Company’s future business and results, which supports decisions around capital allocation. It also helps the Company identify future growth or operating trends that may not otherwise be apparent. The Company also believes backlog is useful for investors in forecasting the Company’s future results and understanding the growth of its business. Customer cancellation provisions relating to termination for convenience clauses and funding appropriation requirements are outside of the Company’s control, and as a result, the Company may fail to realize the full value of such contracts. Free Cash Flow: The Company defines and calculates free cash flow as cash provided by (used in) operating activities less purchases of property and equipment and capitalized internal-use software costs. The Company presents free cash flow because it believes free cash flow provides useful supplemental information to help investors understand underlying trends in the Company’s business and liquidity. Management uses free cash flow, in addition to GAAP measures, to help manage our business, prepare budgets, and for annual planning. Adjusted Free Cash Flow: The Company defines and calculates adjusted free cash flow as free cash flow excluding non-recurring payments related to litigation settlements. The Company presents adjusted free cash flow because it believes it provides useful supplemental information to help investors understand underlying trends in the Company’s business and liquidity by excluding the impact of non-recurring events. Management uses these metrics, in addition to GAAP measures, to help manage our business, prepare budgets, and for annual planning. Rule of 40: The Company defines and calculates Rule of 40 as the sum of year-over-year revenue growth and Adjusted EBITDA margin as a percent of revenue. The Company may refer to a "Rule of" number other than 40 to refer to the sum of revenue growth and Adjusted EBITDA margin as a percent of revenue for the period given. Other Key Metrics ACV and EoP ACV Book of Business: In connection with the calculation of several of the key operational and business metrics we utilize, the Company calculates annual contract value ("ACV") for contracts of one year or greater as the total amount of value that a customer has contracted to pay for the most recent 12 month period for the contract. ACV includes imagery licensing arrangements, data solutions, and dedicated image tasking capacity but excludes customers that are exclusively Planet Insights Platform (which has integrated the former Sentinel Hub platform) self-service paying users, as well as the value of any satellite services contracts. For short-term contracts (contracts less than 12 months), ACV is equal to total contract value. The Company also calculates EoP ACV book of business in connection with the calculation of several of the key operational and business metrics we utilize. The Company defines EoP ACV book of business as the sum of the ACV of all contracts that are active on the last day of the period pursuant to the effective dates and end dates of such contracts, excluding customers that are exclusively Planet Insights Platform self-service paying users, as well as the value of any satellite services contracts. Active contracts exclude any contract that has been canceled, expired prior to the last day of the period without renewing, or for any other reason is not expected to generate revenue in the subsequent period. For contracts ending on the last day of the period, the ACV is either updated to reflect the ACV of the renewed contract or, if the contract has not yet renewed or extended, the ACV is excluded from the EoP ACV book of business. The Company does not annualize short-term contracts in calculating its EoP ACV book of business. The Company calculates the ACV of usage-based contracts based on the committed contracted revenue or the revenue achieved on the usage-based contract in the prior 12-month period. Percent of Recurring ACV: Percent of recurring ACV is the portion of the total EoP ACV book of business that is recurring in nature. The Company defines EoP ACV book of business as the sum of the ACV of all contracts that are active on the last day of the period pursuant to the effective dates and end dates of such contracts. ACV includes imagery licensing arrangements, data solutions, and dedicated image tasking capacity but excludes customers that are exclusively Planet Insights Platform (which has integrated the former Sentinel Hub platform) self-service paying users, as well as the value of any satellite services contracts. The Company defines percent of recurring ACV as the dollar value of all data subscription contracts and the committed portion of usage-based contracts (excluding customers that are exclusively Planet Insights Platform self-service paying users) divided by the total dollar value of all contracts in our EoP ACV book of business. The Company believes percent of recurring ACV is useful to investors to better understand how much of the Company’s revenue is from customers that have the potential to renew their contracts over multiple years rather than being one-time in nature. The Company tracks percent of recurring ACV to inform estimates for the future revenue growth potential of our business and improve the predictability of our financial results. There are no significant estimates underlying management’s calculation of percent of recurring ACV, but management applies judgment as to which customers have an active contract at a period end for the purpose of determining EoP ACV book of business, which is used as part of the calculation of percent of recurring ACV. Capital Expenditures as a Percentage of Revenue: The Company defines capital expenditures as purchases of property and equipment plus capitalized internally developed software development costs, which are included in our statements of cash flows from investing activities. The Company defines capital expenditures as a percentage of revenue as the total amount of capital expenditures divided by total revenue in the reported period. Capital expenditures as a percentage of revenue is a performance measure that we use to evaluate the appropriate level of capital expenditures needed to support demand for the Company’s data services and related revenue, and to provide a comparable view of the Company’s performance relative to other earth observation companies, which may invest significantly greater amounts in their satellites to deliver their data to customers. The Company uses an agile space systems strategy, which means we invest in a larger number of significantly lower cost satellites and software infrastructure to automate the management of the satellites and to deliver the Company’s data to clients. As a result of the Company’s strategy and business model, the Company’s capital expenditures may be more similar to software companies with large data center infrastructure costs. Therefore, the Company believes it is important to look at the level of capital expenditure investments relative to revenue when evaluating the Company’s performance relative to other earth observation companies or to other software and data companies with significant data center infrastructure investment requirements. The Company believes capital expenditures as a percentage of revenue is a useful metric for investors because it provides visibility to the level of capital expenditures required to operate the Company and the Company’s relative capital efficiency. Net Dollar Retention Rate: The Company defines Net Dollar Retention Rate as the percentage of ACV generated by existing customers in a given period as compared to the ACV of all contracts at the beginning of the fiscal year from the same set of existing customers. The Company defines existing customers as customers with an active contract with the Company. The Company believes Net Dollar Retention Rate is a useful metric for investors as it can be used to measure its ability to retain and grow revenue generated from its existing customers, on which its ability to drive long-term growth and profitability is, in part, dependent. The Company uses Net Dollar Retention Rate to assess customer adoption of new products, inform opportunities to make improvements across its products, identify opportunities to improve operations, and manage go to market functions, as well as to understand how much future growth may come from cross-selling and up-selling customers. Management applies judgment in determining the value of active contracts in a given period, as set forth in the definition of ACV. Net Dollar Retention Rate including Winbacks: The Company assesses two metrics for net dollar retention–Net Dollar Retention Rate, as described above, and Net Dollar Retention Rate including winbacks. A winback is a previously existing customer that was inactive at the start of the measurement period but has reactivated during the measurement period. The reactivation period must be within 24 months from the last active contract with the customer; otherwise, the customer is counted as a new customer and therefore excluded from the retention rate metrics. The Company defines Net Dollar Retention Rate including winbacks as the percentage of ACV generated by existing customers and winbacks in a given period as compared to the ACV of all contracts at the beginning of the fiscal year from the same set of existing customers. The Company believes this metric is useful to investors as it captures the value of customer contracts that resume business with the Company after being inactive and thereby provides a quantification of the Company’s ability to recapture lost business. Management uses this metric to understand the adoption of our products and long-term customer retention, as well as the success of marketing campaigns and sales initiatives in re-engaging inactive customers. Beyond the judgments underlying managements’ calculation of Net Dollar Retention Rate set forth above, there are no additional assumptions or estimates made in connection with Net Dollar Retention Rate including winbacks. Forward-looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Planet’s future financial or operating performance. In some cases, you can identify forward looking statements because they contain words such as "expect," "estimate," "project," "budget," "forecast," "target," "anticipate," "intend," "develop," "evolve," "plan," "seek," "may," "will," "could," "can," "should," "would," "believes," "predicts," "potential," "strategy," "opportunity," "aim," "conviction," "continue," "positioned," "structured" or the negative of these words or other similar terms or expressions that concern Planet’s expectations, strategy, priorities, plans or intentions. Forward-looking statements in this release include, but are not limited to, statements regarding Planet’s financial guidance and outlook, expected financial and operating results, the expected value of contracts that Planet has entered into and the timing and amount of revenue that Planet will recognize, Planet’s growth opportunities, Planet’s estimates of market opportunity and the size of its addressable market, the capacity and speed of Planet’s manufacturing capabilities, the capacity and speed of Planet’s manufacturing capabilities, Planet’s expectations regarding future product development and performance, including with respect to AI, Planet’s expectations regarding the launch and operations of its satellites, including with respect to timing, and Planet’s expectations regarding its strategies with respect to its markets and customers, including trends in customer demand and the expansion of its international operations. Planet’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks related to the macroeconomic environment and risks regarding Planet’s ability to forecast Planet’s performance due to Planet’s limited operating history. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in Planet’s filings with the Securities and Exchange Commission ("SEC"), including Planet’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and any subsequent filings with the SEC that Planet may make. All forward-looking statements reflect Planet’s beliefs and assumptions only as of the date of this press release. Planet undertakes no obligation to update forward-looking statements to reflect future events or circumstances, except as may be required by law. Planet’s results for the quarter ended July 31, 2026, are not necessarily indicative of its operating results for any future periods. View source version on businesswire.com: https://www.businesswire.com/news/home/20260903433245/en/ Contacts Investor Contact Cleo Palmer-PoronerPlanet Labs [email protected] Press Contact Trevor HammondPlanet Labs [email protected]

Planet Labs sent Tanager-2 and 18 SuperDoves to Vandenberg Space Force Base for SpaceX’s Transporter-18 mission. The company’s third launch of 2026 could expand daily imaging and hyperspectral capabilities. Analysts are expecting $104.22 million in revenue and a loss of $0.02 per share for Planet Labs. Planet Labs (PL) stock is drawing attention after the satellite-imaging company announced that Tanager-2 and 18 SuperDoves reached the launch site for SpaceX’s Transporter-18 mission. The update comes ahead of the company’s fiscal second-quarter (Q2) 2027 results, with investors watching whether growing satellite demand can translate into sustained revenue momentum. Planet Labs is preparing to expand its satellite network after sending a new hyperspectral spacecraft and 18 imaging satellites to California ahead of a planned SpaceX rideshare launch. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox The company said on Monday that Tanager-2 and the 18 SuperDoves making up Flock 4J had reached Vandenberg Space Force Base. The satellites are scheduled to fly on SpaceX’s Transporter-18 mission, marking Planet’s third launch of 2026. “This launch includes 18 SuperDoves that enable Planet’s daily scan mission, which underpins the AI-powered broad area solutions that are core to unlocking new markets, as well as Tanager-2, which is designed to double our hyperspectral capacity and halve revisit times to detect methane super-emitters and more as part of our project with Carbon Mapper!” said Will Marshall, Co-Founder and CEO, Planet Labs. Planet Labs stock edged 0.7% lower in Tuesday’s premarket. Tanager satellites use visible, near-infrared and shortwave-infrared imaging to collect detailed information across 426 spectral bands. The spacecraft is designed for about 30-meter spatial resolution, allowing Planet to identify specific materials and environmental changes that conventional imagery may miss. Planet is developing the Tanager fleet alongside Carbon Mapper, which uses satellite data to locate and track methane emissions. Beyond methane detection, Planet expects hyperspectral data to serve industries such as mining, agriculture and environmental monitoring. The update comes ahead of Planet Labs’s Q2 earnings on Sept.3. Analysts see $104.22 million in revenue with a loss of $0.02 per share, according to Fiscal AI data. On Stocktwits, retail sentiment around the stock improved to ‘bullish’ from ‘neutral’ territory the previous day. A user said, “Sept 3rd is just around the corner and Planet Labs shows consistent demand for its services. Earnings should be stellar, out of this world! Get ready for the hyperjump to the mid 20's. SHORTS are going to be cooked!” Another user said, “Seeing some interesting action ahead of Sept.3 earnings. Despite a 7% dip recently, big call buys are stacking up.” PL stock has gained 0.6% year-to-date. Also See: UBER Stock Rises Overnight: Rosenblatt Calls Uber A 'Durably Compounding Platform', Sees 32% Upside For updates and corrections, email newsroom[at]stocktwits[dot]com Shivani Kumaresan has no position in any of the stocks mentioned in this article. StockTwits' news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits. Related: S&P 500, Dow, Nasdaq Futures Flat After Indices End Lower On US-Iran Stalemate — DELL, PANW, FRVO, AAPL, TTWO In Focus S&P 500, Dow, Nasdaq Futures Flat After Indices End Lower On US-Iran Stalemate — DELL, PANW, FRVO, AAPL, TTWO In Focus ALMS Stock Clocks Worst Day After 57% Drop — What Drove The Selloff?

SpaceX surged 4% and AST SpaceMobile jumped 9% ahead of SpaceX's debut earnings report, reversing a brutal July selloff of roughly 27%. Intuitive Machines and Planet Labs advanced 7% and 6%, joining a sector-wide sympathy bid ahead of SpaceX's first earnings release. SpaceX's IPO lockup expires Thursday, unleashing over 911 million shares worth roughly $100 billion in potential supply overhang. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rocket Lab didn't make the cut. Grab the names FREE today. Space stocks are climbing Tuesday morning as traders position ahead of SpaceX's (NASDAQ:SPCX) first-ever earnings report as a public company, due after today's close. SpaceX stock is up 4% to $119, with AST SpaceMobile (NASDAQ:ASTS) shares up 9% to $69 and Rocket Lab (NASDAQ:RKLB) shares up 6% to $74.34. The bounce arrives after a brutal July for the sector. SpaceX stock is down 27% over the past month, and Rocket Lab shares are down 26% over the same window. Today's action looks more like an oversold, risk-on bounce into the report than a per-name catalyst. SpaceX will release its first public quarterly report today after the market close at 4 p.m. ET, followed by an analyst call at 4:30 p.m. ET led by SpaceX founder and Tesla (NASDAQ:TSLA) CEO Elon Musk. The company priced its June IPO at $135 in the largest U.S. debut ever, and SpaceX stock now trades 11% below that offer price and well off of its mid-June intraday high of $225.64. Analysts expect a Q2 2026 net loss of around $1.9 billion, with revenue estimates near $6.9 billion driven by the Starlink business. SpaceX booked $18.7 billion in revenue in 2025 with a net loss of more than $4.9 billion, and its AI segment reported $818 million in Q1 2026 revenue. Starlink subscriber growth and Musk's tone on the call are among the key swing factors. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rocket Lab didn't make the cut. Grab the names FREE today. The prediction-market crowd leans cautious. Polymarket contracts assign a 70.5% probability that SpaceX misses on the print, though the same venues cluster August price expectations in the $125 to $135 range, suggesting traders expect stabilization after the release. The rally has spread across satellite communications, launch services, and lunar names. Intuitive Machines (NASDAQ:LUNR) stock is up 7% to $14, Planet Labs (NYSE:PL) shares are up 6% to $22.75, and Virgin Galactic stock is up 2% to $2.87, a comparative laggard among these names. The sector-wide bid also lifted the Procure Space ETF, which is up 4% to $47. The fund holds pure-play space names including Rocket Lab at 5%, AST SpaceMobile at 3.5%, and Planet Labs at 6.2% of net assets. The ETF's concentration in a handful of volatile space names can amplify sector swings in both directions. The July drawdown was broad. Rocket Lab, AST SpaceMobile, Intuitive Machines, Planet Labs, and SpaceX shares all dropped roughly 25% to 33% during that month. This set the stage for the current squeeze, and Reddit (NYSE:RDDT) sentiment on Rocket Lab has already flipped bullish, with one WallStreetBets thread accumulating 1,153 upvotes around a "generational buying opportunity" framing. Beyond the earnings release, SpaceX's IPO lockup expires Thursday, unlocking more than 911 million shares worth roughly $100 billion. Short sellers have profited betting against SpaceX stock, and short covering could cushion the unlock, but the supply overhang is real. Traders can watch for whether the space-stock sector holds its gains into the 4 p.m. ET release, and whether Musk's commentary on Starlink cadence, Starship progress, and launch backlog sets a constructive tone for peers. Reactions in ASTS and RKLB after hours may signal whether the sympathy bid extends into Wednesday's session. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rocket Lab didn't make the cut. Grab the names FREE today. Contact [email protected] for any questions or corrections.