Planet Labs (PL) Q2 FY2027 Earnings Call: Revenue Jumps 58%, Outlook Raised
Source Tradingkey
Key Takeaways
- Planet Labs PBC (NYSE: PL) reported record fiscal Q2 2027 revenue of $116 million, up approximately 58% year over year. Revenue benefited from the handover of the first satellite for the Swedish Armed Forces, which generated point-in-time revenue.
- Defense and Intelligence revenue increased more than 90% year over year. Commercial revenue grew more than 15%, while civil government revenue rose over 5%.
- Non-GAAP gross margin was 59%, compared with 61% a year earlier. Adjusted EBITDA profit reached $13.9 million, supported by revenue growth and business-model scalability.
- Planet identified more than $4 billion of satellite services opportunities. More than 25%, or approximately $1 billion, was classified as near-term pipeline, which management defined as quarters rather than years.
- The company raised the low end of its fiscal 2027 outlook. Management now expects revenue of $430 million to $441 million, non-GAAP gross margin of 55% to 57%, and adjusted EBITDA of $3 million to $10 million.
- Planet plans to accelerate investment in Pelican and Owl. Fiscal-year capital expenditure guidance increased to $100 million-$115 million as the company expands manufacturing capacity and makes advance procurements for next-generation satellites.
Key Financial Data
| Metric | Fiscal Q2 2027 | Change / Context |
|---|---|---|
| Revenue | $116 million | Up approximately 58% year over year; a company record |
| Non-GAAP gross margin | 59% | 61% in fiscal Q2 2026 |
| Adjusted EBITDA | $13.9 million profit | Supported by higher revenue and gross margin |
| Capital expenditures | Approximately $29 million | Included capitalized software development |
| Net cash from operating activities | Approximately $68 million YTD | Through fiscal Q2 2027 |
| Free cash flow | $21 million YTD | Adjusted free cash flow was $29 million |
| Cash, cash equivalents and short-term investments | Approximately $865 million | Up more than 200% year over year |
| Remaining performance obligations | Approximately $753 million | Up approximately 9% year over year |
| Backlog | Approximately $815 million | Up approximately 11% year over year |
| Net dollar retention on ACV | 109% | 110% including winbacks; excludes satellite services as defined by the company |
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Gold price (XAU/USD) rebounds from a nearly one-month low to around $4,385 during the early Asian session on Thursday. The precious metal edges higher as the US Dollar (USD) and Treasury yields retreat from recent highs.
Gold is back above $4,400 after weak ADP data cut September rate-hike odds to ~58%. XAU/USD rebounded from Wednesday's $4,282 low; Friday's NFP is the next catalyst.
Gold rebounds above $4,450 as Waller tempers Fed rate hike bets ahead US jobs dataGold price (XAU/USD) gains momentum to around $4,470 during the early Asian session on Friday. The precious metal extended its recovery as Federal Reserve (Fed) rate hike bets ease. All eyes will be on the US August Nonfarm Payrolls (NFP) report, which is due later on Friday.
Gold price (XAU/USD) gains momentum to around $4,470 during the early Asian session on Friday. The precious metal extended its recovery as Federal Reserve (Fed) rate hike bets ease. All eyes will be on the US August Nonfarm Payrolls (NFP) report, which is due later on Friday.
Yen hits one-month high on BOJ September-hike bets; AUD/JPY cracks support as carry unwindsUSD/JPY has tumbled from the 160 area to a one-month low near 155.2 in two sessions as Bank of Japan hike bets for the Sept 17-18 meeting intensify. AUD/JPY has broken below 112.7, flagging carry-trade stress. A test of 155.21 - and then 153 - is now in focus.
USD/JPY has tumbled from the 160 area to a one-month low near 155.2 in two sessions as Bank of Japan hike bets for the Sept 17-18 meeting intensify. AUD/JPY has broken below 112.7, flagging carry-trade stress. A test of 155.21 - and then 153 - is now in focus.
