The earnings call reflects strong financial performance with significant growth in revenue and backlog, coupled with notable achievements in the defense and intelligence sector. Despite challenges in the civil government sector and flat revenue in North America, the overall sentiment is positive due to the company's profitability milestones and technological advancements.

Company Guidance

During the Planet Labs PBC second quarter fiscal 2026 earnings call, significant guidance was provided, highlighting strong financial and operational performance. The company reported $73.4 million in revenue, marking a 20% year-over-year increase, alongside a non-GAAP gross margin of 61%, up from 58% the previous year. Adjusted EBITDA profit reached $6.4 million, and the company achieved its second consecutive quarter of positive free cash flow, with year-to-date free cash flow totaling $54.3 million, representing a 39% margin. The backlog soared to $736.1 million, a 245% increase year-over-year, providing excellent revenue visibility for the next 12 to 24 months. The guidance for Q3 2026 anticipates revenue between $71 million and $74 million, with a non-GAAP gross margin forecasted between 55% and 57%, while full-year fiscal 2026 revenue is expected to range from $281 million to $289 million. The company also projected achieving free cash flow positivity for the year, ahead of prior targets, driven by robust demand in defense, intelligence, and commercial sectors, and highlighted upcoming strategic growth initiatives, including an Investor Day in October 2025.

Revenue Growth and Profitability

Planet Labs reported $73.4 million in revenue, marking a 20% year-over-year growth. The company achieved its third consecutive quarter of adjusted EBITDA profitability with $6.4 million and a free cash flow margin of approximately 39%.

Significant Backlog Increase

The company's backlog increased to $736.1 million, representing a year-over-year increase of 245%, providing excellent visibility into future revenue streams.

Strong Performance in Defense and Intelligence Sector

Revenue in the Defense and Intelligence sector grew approximately 41% year-over-year, with notable contract expansions, including a seven-figure option by the Defense Innovation Unit and an expanded contract with the U.S. National Reconnaissance Office.

Positive Free Cash Flow Milestone

The company achieved positive free cash flow ahead of schedule, enhancing its financial position with $271.5 million in cash and short-term investments.

Satellite Launches and Technological Advancements

Successfully launched two high-resolution Pelican satellites and celebrated the one-year anniversary of Tanager 1, highlighting ongoing advancements in satellite technology.

Planet Labs PBC (PL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 15, 2025	2026 (Q3)	-0.04 / -	-0.02	―	―	―
Sep 08, 2025	2026 (Q2)	-0.04 / -0.03	-0.06	50.00% (+0.03)
Jun 04, 2025	2026 (Q1)	-0.04 / 0.00	-0.05	―
Mar 20, 2025	2025 (Q4)	-0.02 / -0.08	-0.06	-33.33% (-0.02)
Dec 09, 2024	2025 (Q3)	-0.05 / -0.02	-0.05	60.00% (+0.03)
Sep 05, 2024	2025 (Q2)	-0.07 / -0.06	-0.07	14.29% (+0.01)
Jun 06, 2024	2025 (Q1)	-0.07 / -0.05	-0.07	28.57% (+0.02)
Mar 28, 2024	2024 (Q4)	-0.06 / -0.06	-0.08	25.00% (+0.02)
Dec 07, 2023	2024 (Q3)	-0.08 / -0.05	-0.08	37.50% (+0.03)
Sep 07, 2023	2024 (Q2)	-0.08 / -0.07	-0.07	0.00% (0.00)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 08, 2025	$6.53	$9.66	+47.93%
Jun 04, 2025	$3.99	$5.96	+49.37%
Mar 20, 2025	$4.24	$3.79	-10.61%
Dec 09, 2024	$4.04	$3.87	-4.21%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Planet Labs PBC (PL) report earnings?

Planet Labs PBC (PL) is schdueled to report earning on Dec 15, 2025, After Close (Confirmed).

What is Planet Labs PBC (PL) earnings time?

Planet Labs PBC (PL) earnings time is at Dec 15, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PL EPS forecast?

PL EPS forecast for the fiscal quarter 2026 (Q3) is -0.04.

Planet Labs PBC (PL) Earnings News

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Planet Labs Plummets on Q1 Numbers, Tepid Outlook

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