Geospatial solutions provider Planet Labs Q2 revenue up 20%, beats estimates

Planet Labs PBC

08/09/2025 12:15

Overview

Planet Labs fiscal Q2 revenue grows 20% YoY, beating analyst expectations

Co launched 2 high-resolution Pelican satellites, enhancing data capabilities

Outlook

Planet expects Q3 revenue between $71 mln and $74 mln

Company sees FY 2026 revenue between $281 mln and $289 mln

Planet anticipates Q3 non-GAAP gross margin of 55%-56%

Company expects FY 2026 adjusted EBITDA loss between $7 mln and $0

Result Drivers

GOVERNMENT CONTRACTS - Significant contracts with German government, NATO, and U.S. Department of Defense

SATELLITE LAUNCHES - Launch of two high-resolution Pelican satellites enhances data capabilities, supporting growth

BACKLOG GROWTH - Backlog increased by 245% YoY, providing strong future revenue visibility

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$73.39 mln
$65.70 mln (8 Analysts)
Q2 Adjusted EPS
Beat
-$0.03
-$0.04 (6 Analysts)
Q2 EPS
-$0.07
Q2 Net Income
-$22.59 mln
Q2 Gross Margin
58.0%
Q2 Adjusted Gross Margin
61.0%
Q2 Gross Profit
$42.27 mln
Q2 Operating Expenses
$60.23 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for Planet Labs PBC is $8.00, about 18.4% above its September 5 closing price of $6.53

Press Release: ID:nBw3KM76xa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)