Planet Labs PBC (PL) surged 12.69% in after-hours trading following the release of its third-quarter fiscal 2026 results, which exceeded analyst expectations. The company reported a 33% year-over-year revenue increase to $81.3 million, beating consensus estimates of $71.99 million.
The strong performance was driven by robust demand for AI-enabled global monitoring solutions, including contracts with major organizations like NGA and NATO. Additionally, Planet Labs achieved its fourth consecutive quarter of adjusted EBITDA profitability and maintained positive free cash flow for the third straight quarter.
Investors reacted positively to the company's upward revenue guidance for fiscal 2026, projecting $297 million to $301 million, well above the FactSet estimate of $285.5 million. The adjusted EPS of $0 also surpassed the estimated loss of $0.03 per share, further boosting confidence in the stock.
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