Planet Labs Q2 FY’27 slides: 58% revenue growth, profitability milestone

Planet Labs reported Q2 FY'27 results on September 3, 2026, revealing a 58% year-over-year revenue growth to $116.1 million and an adjusted EBITDA of $13.9 million, marking a significant profitability milestone. The company's shares experienced volatility, falling 8.2% in trading before rebounding 4.4% after hours. Notably, the growth was driven by strong demand from defense and intelligence customers, with their segment expanding over 90% year-over-year.

Planet Labs also secured substantial contract wins, including an $8 million OTA award from the National Geospatial-Intelligence Agency and a groundbreaking contract with the Rwanda Space Agency, marking its first national satellite data program in Africa.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.