--- title: "What's Going On With Planet Labs Stock Friday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/298052818.md" description: "Planet Labs (NYSE: PL) reported strong Q2 results, beating revenue and EPS estimates driven by a 90% surge in defense demand. Revenue reached $116.05 million, up 58% year-over-year, with non-GAAP earnings of 2 cents per share versus expected losses. The company secured new government contracts and raised its FY2027 revenue outlook. Despite the positive financials, shares dipped 1.25% to $18.12 on Friday." datetime: "2026-09-04T14:21:44.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298052818.md) - [en](https://longbridge.com/en/news/298052818.md) - [zh-HK](https://longbridge.com/zh-HK/news/298052818.md) generator: "portal-rs" --- # What's Going On With Planet Labs Stock Friday? **Planet Labs PBC** (NYSE:PL) stock traded volatile Friday after the company reported second-quarter results. The company reported non-GAAP earnings of 2 cents per share, compared with the consensus estimate of a loss of 2 cents per share. Revenue surged 58% year over year to $116.05 million, topping the $104.12 million Street estimate. **Needham** analyst Ryan Koontz said revenue benefited from earlier-than-expected recognition tied to Sweden’s first sovereign satellite. Combined fiscal second-quarter actual and third-quarter estimated revenue growth remained strong at 42% year over year. Remaining performance obligations rose 9% to about $753 million, while backlog increased 11% to roughly $815 million. Based on its existing backlog alone, Planet Labs could recognize more than $400 million in revenue over the next four quarters. ## Planet Labs Earnings Snapshot Adjusted gross margin fell to 59% from 61% a year earlier, mainly due to investments in satellite services contracts and AI-enabled partner solutions. Adjusted EBITDA reached $13.9 million, supported by stronger revenue and higher gross margins. Year to date, Planet Labs generated about $68 million in operating cash flow. Free cash flow totaled $21 million, while adjusted free cash flow reached $29 million. The company ended the quarter with about $865 million in cash, cash equivalents and short-term investments. It also raised about $120 million through its at-the-market stock offering at an average net price of $31.95 per share. **See More: Top Value Stocks** ## Defense Demand Drives Growth Defense and intelligence revenue surged more than 90% year over year, while commercial revenue grew more than 15%. Civil government revenue increased more than 5%. Revenue jumped more than 130% in Europe, the Middle East and Africa. North American revenue rose about 25%, while Asia-Pacific revenue increased more than 15%. Latin American revenue grew about 3%. Planet Labs also secured an $8 million contract with the National Geospatial-Intelligence Agency for its Global Monitoring Service. In addition, the company landed a seven-figure European defense deal and a German government satellite-services tender worth up to 25 million euros over five years. The company has identified more than $4 billion in satellite-services opportunities. ## Planet Labs Outlook For the third quarter, Planet Labs expects revenue of $101 million to $105 million, below the $114.33 million consensus estimate. The company raised the low end of its fiscal 2027 revenue outlook to $430 million from $425 million while maintaining the high end at $441 million. Analysts expect $435.67 million. Planet Labs also aims to achieve the Rule of 40 in fiscal 2027, based on revenue growth plus adjusted EBITDA margin. Full-year capital expenditures are expected to range from about $100 million to $115 million, mainly for manufacturing facilities and next-generation satellites. **PL Price Action:** Planet Labs shares were down 1.25% at $18.12 at the time of publication Friday, according to Benzinga Pro data. *Photo via Shutterstock* **Read Also: Booming Jobs: Economy Adds 162,000 Payrolls, Boosting Fed Hike Bets (UPDATED)** ### Related Stocks - [PL.US](https://longbridge.com/en/quote/PL.US.md) - [PLU.US](https://longbridge.com/en/quote/PLU.US.md) - [SSTK.US](https://longbridge.com/en/quote/SSTK.US.md) - [PL+.US](https://longbridge.com/en/quote/PL+.US.md) ## Related News & Research - [If I Could Only Buy 1 Space Stock for the Next Decade, It Wouldn't Be SpaceX or Rocket Lab](https://longbridge.com/en/news/300850222.md) - [Planet Labs partners with Google on Project Suncatcher satellite demo mission](https://longbridge.com/en/news/300734082.md) - [Planet Launches Suncatcher, Tanager-2, and 18 SuperDove Satellites | PL Stock News](https://longbridge.com/en/news/300734223.md) - [Planet Labs director Ita M Brennan disposes of USD 187,478 in common shares](https://longbridge.com/en/news/300831322.md) - [Google Goes Into Space With Bold AI Satellite Launch](https://longbridge.com/en/news/300791616.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**