Planet Labs PBC (NYSE:PL) reported better-than-expected second-quarter fiscal 2026 results, driven by record revenue growth and raised guidance.
Revenue rose 20% from a year earlier to $73.39 million, above analyst estimates of $65.74 million. The company reported a GAAP net loss of $22.6 million, or 7 cents per share, compared with a loss of $38.7 million, or 13 cents per share, a year ago.
On a non-GAAP basis, net loss per share was 3 cents, beating expectations for a 4-cent loss. Adjusted EBITDA was $6.4 million, compared with a loss of $4.4 million a year earlier.
CEO Will Marshall said, “Our second quarter results demonstrate incredibly strong momentum across our business, with record revenue and substantial growth in our backlog. The increased demand for our unique Earth intelligence, highlighted by pivotal contracts including one in collaboration with the …