PL Earnings: Planet Labs PBC Stock Rockets on Q4 Beats & Strong Guidance

Planet Labs PBC PL +8.67% ▲ stock saw major gains on Friday following the release of the geospatial-data satellite company’s fiscal Q4 2026 earnings report. The company reported flat diluted earnings per share for the quarter, which was better than Wall Street’s estimate of -5 cents. This was also an improvement from the -8 cents per share reported in Fiscal Q4 2025.

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Planet Labs PBC also reported revenue of $86.82 million, which was another beat compared to analysts’ estimate of $78.2 million. The company also noted that its revenue this quarter set a new record and was up 41% year-over-year. This growth was attributed to “strong momentum in satellite services, including most recently with Sweden, as well as launching 40 satellites, and inking an R&D partnership with Google to explore data centers in space.”

Planet Labs PBC stock was up 19.62% in pre-market trading on Friday, following an 8.67% rally yesterday. The shares have increased 36.71% year-to-date and 611.35% over the past 12 months.

Planet Labs PBC Offers New Guidance

Here is what Planet Labs PBC expects to report in its Fiscal first quarter of 2027:

• Revenue between $87 million and $91 million, compared to Wall Street’s estimate of $85.19 million.

• Non-GAAP gross margin between 49% and 51%.

• Adjusted EBITDA is expected to be in the range of -$6 million to -$3 million.

• Capital expenditures are expected to range from $17 million to $23 million.

This is what the company expects for the full year of Fiscal 2027:

• Revenue between $415 million and $440 million, compared to analysts’ estimate of $377.5 million.

• Non-GAAP gross margin in the range of 50% to 52%.

• Adjusted EBITDA profit is expected to be flat to $10 million.

• Capital expenditures to range from $80 million to $95 million.

Is Planet Labs PBC Stock a Buy, Sell, or Hold?

Turning to Wall Street, the analysts’ consensus rating for Planet Labs PBC is Strong Buy, based on seven Buy and two Hold ratings over the past three months. With that comes an average PL price target of $31.93, representing a potential 18.45% upside for the shares. These ratings and price targets will likely change as analysts update their coverage after today’s earnings report.

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