Planet Labs PBC Q2 FY27 Earnings Release

Planet Labs PBC reported its financial results for the second fiscal quarter ended July 31, 2026. The company achieved a record quarterly revenue of $116.1 million, a 58% increase year-over-year, marking its fourth consecutive quarter meeting or exceeding the Rule of 40. Key highlights include strong performance in satellite services, with significant contract wins from the NGA and the German government. The company also successfully launched the Pelican-11 satellite and shipped Tanager-2 and 18 SuperDove satellites for an upcoming launch. Planet ended the quarter with $865.4 million in cash, cash equivalents, and short-term investments, a 219% increase year-over-year. For the third quarter of fiscal year 2027, Planet expects revenue between $101 million and $105 million, with an adjusted EBITDA loss of $6 million to $1 million. For the full fiscal year 2027, revenue is projected to be between $430 million and $441 million, with an adjusted EBITDA profit of $3 million to $10 million. The company also announced a strategic launch agreement with Isar Aerospace and expanded its European presence with a new office in London.