Planet Labs Pbc (PL) surged 14.91% in post-market trading after reporting better-than-expected third-quarter fiscal 2026 results and raising its full-year revenue guidance.
The company posted revenue of $81.25 million, up 33% year-over-year and surpassing analyst estimates of $71.99 million. Adjusted earnings per share broke even, outperforming the anticipated loss of $0.03. Planet Labs also raised its fiscal 2026 revenue forecast to $297-$301 million, well above the FactSet consensus of $285.5 million.
CEO Will Marshall attributed the strong performance to robust demand for AI-enabled global monitoring solutions, including contracts with the National Geospatial-Intelligence Agency (NGA) and NATO. The company also achieved its fourth consecutive quarter of adjusted EBITDA profitability and maintained positive free cash flow.
Comments