Planet Labs Stock Climbs After Mixed Q2 Print: Details Inside
Planet Labs PBC (NYSE:PATH) posted its fiscal 2027 second-quarter results after Thursday’s closing bell, beating analysts’ revenue expectations. Here’s a look at the details inside the report.
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Planet Labs Q2 Details
Planet Labs reported quarterly losses of three cents per share, which missed the consensus estimate for losses of two cents, per Benzinga Pro data.
Quarterly revenue came in at $116.05 million, which beat the Street estimate of $104.12 million by 11.46%.
Planet Labs reported the following quarterly highlights:
- Second quarter revenue increased 58% year-over-year to a record $116.1 million.
- Percent of recurring annual contract value (ACV) was 98% as of the end of the second quarter.
- Second quarter non-GAAP gross margin was 59%, compared to 61% in the second quarter of fiscal year 2026.
- Second quarter net loss was ($9.4) million, compared to ($22.6) million in the second quarter of fiscal year 2026.
“Planet delivered an outstanding second quarter, with record revenue of $116.1 million, representing 58% year-over-year growth and our fourth consecutive quarter of meeting or exceeding the Rule of 40,” said Will Marshall, Planet’s CEO.
PL Stock Price: According to data from Benzinga Pro, Planet Labs stock was up 6.32% to $19.51 in Thursday’s extended trading.
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