Planet Labs Pbc (PL)
NYSE:PL
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Earnings Data
Report Date
Sep 14, 2026After Close (Confirmed)
Period Ending
2027 (Q2)Consensus EPS Forecast
-0.03Last Year’s EPS
-0.03Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong growth narrative: record revenue (+42% YoY), sizable backlog and RPO expansions, robust Defense & Intelligence momentum, expanded product capabilities (satellite launches, SuperRes, AI beta) and an improved cash position. Near-term pressures include modest margin compression from satellite services and investments, a small adjusted EBITDA loss this quarter, negative free cash flow in Q1 and operational considerations around imagery restrictions and launch/supply execution. Management raised FY revenue guidance and reiterated plans for GAAP‑adj profitability and positive annual free cash flow, indicating confidence in scaling despite elevated near-term investments.Company Guidance
Record Revenue and Strong Top-Line Growth
Generated record Q1 revenue of $94.0M, representing ~42% year-over-year growth; raised full-year FY27 revenue guidance to $425M–$441M (~41% growth at midpoint).
Improved Backlog and Contract Visibility
End-of-period backlog approximately $906M, up ~72% year-over-year; remaining performance obligations (RPO) ~$816M, up >80% YoY, providing multi-quarter revenue visibility (≈40% of backlog applies to next 12 months).
Defense & Intelligence Strength
Defense & Intelligence revenue grew >65% YoY in Q1, supported by major awards including a $21.9M NGA extension, a $7.5M U.S. Navy renewal and an 8‑figure dedicated-capacity international contract.
Rule of 40 and Profitability Trajectory
Achieved Rule of 40 (revenue growth rate + adjusted EBITDA margin) for the third consecutive quarter; Q1 adjusted EBITDA loss improved to $1M and company maintains FY27 adjusted EBITDA guidance of breakeven to $10M.
Strong Cash Position
Ended the quarter with ~$731M in cash, cash equivalents and short-term investments (increase of >$500M YoY), providing capital to fund satellite production, R&D and growth initiatives.
Recurring Revenue and Customer Retention
Recurring ACV represented 99% of end-of-period ACV; ~92% of end-of-period ACV is annual or multiyear; net dollar retention rate of 113% (114% with win-backs).
Commercial and Regional Momentum
Commercial revenue grew >20% YoY; regional growth: EMEA +86% YoY, Asia Pacific & North America ~+25% YoY, Latin America +7% YoY, indicating geographically broad demand.
Rapid Satellite Execution and Product Innovation
Launched 3 Pelican satellites this quarter (including Sweden's first sovereign reconnaissance satellite launched ~4 months after contract signing); shipped Gen‑2 Pelican (Pelican 11) to launch site; introduced SuperRes (improving PlanetScope toward 2m-class) and announced a 30cm-class Gen‑2 demo roadmap.
AI Product Progress and Strategic Partnerships
Started private beta for a natural-language AI app to query Planet's archive; partnerships announced with Carbon Mapper and JPL for a SWIR Tanager design; collaboration with Google on early orbital compute tech demos.
PL Earnings History
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 |
|---|---|---|---|
Jun 04, 2026 | $43.53 | ― | ― |
Mar 19, 2026 | $26.96 | $33.83 | +25.48% |
Dec 10, 2025 | $12.94 | $17.47 | +35.01% |
Sep 08, 2025 | $6.53 | $9.66 | +47.93% |
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 Sep 14, 2026, After Close (Confirmed).
What is Planet Labs Pbc (PL) earnings time?
Planet Labs Pbc (PL) earnings time is at Sep 14, 2026, 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 2027 (Q2) is -0.03.
