Stock Track | Planet Labs Soars 14.91% Post-Market on Strong Q3 Earnings and Upbeat Guidance

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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.

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