Earnings call transcript: Planet Labs tops Q2 2026 estimates, shares rebound

Planet Labs exceeded Wall Street expectations in its fiscal second quarter of 2027, reporting adjusted earnings of $0.02 per share on revenue of $116.1 million, surpassing forecasts for a $0.02 loss and $104.54 million in sales. Revenue grew 58% year-over-year, driven by strong demand from defense and intelligence customers and a satellite-services handover that boosted point-in-time revenue.

The company raised full-year capital spending guidance to $100 million to $115 million, reflecting broad-based revenue growth across its core Earth-observation business and satellite-services segment, with significant contributions from defense and intelligence revenue, commercial sales, and civil government revenue.

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