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Benzinga

Business

Akanksha Bakshi

FOUND: Planet labs lifts outlook with record backlog and strategic global contracts - What They Never Told You

PL Planet Labs NATO SpaceX The US Department of Defense

Space,Satellite,Orbiting,The,Earth.,Elements,Of,This,Image,Furnished

Planet Labs PBC (NYSE:PL) shares surged after reporting second-quarter fiscal 2026 results that beat Wall Street estimates, 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.

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