Planet Labs (PL) delivered record fiscal second-quarter 2027 revenue as growing demand for satellite services, defense applications and AI-powered geospatial intelligence fueled strong year-over-year growth.<\/p>\n\n\n\n
Revenue jumped 58% to a record $116.1 million, marking Planet\u2019s fourth consecutive quarter of meeting or exceeding the Rule of 40. Recurring annual contract value represented 98% of total ACV, highlighting the predictability of the company\u2019s revenue base.<\/p>\n\n\n\n
Profitability also improved. Planet generated adjusted EBITDA profit of $13.9 million, up from $6.4 million a year earlier, while its GAAP net loss narrowed to $9.4 million from $22.6 million. The company ended the quarter with $865.4 million in cash, cash equivalents and short-term investments, up 219% year over year.<\/p>\n\n\n\n
Planet reported approximately $814.9 million in backlog and $753.1 million in remaining performance obligations, providing significant visibility into future revenue.<\/p>\n\n\n\n
Government and defense demand remains a major growth driver. Planet recently secured an $8 million award from the National Geospatial-Intelligence Agency and was selected by the German government for a satellite-services contract with a potential value of \u20ac25 million over five years. The company also signed agreements with a European defense and intelligence customer and the Rwanda Space Agency.<\/p>\n\n\n\n
Planet continues expanding its satellite infrastructure. The company successfully launched its Pelican-11 technology demonstration satellite in July and recently shipped Tanager-2 and 18 SuperDove satellites to Vandenberg Space Force Base for an upcoming SpaceX Transporter-18 mission.<\/p>\n\n\n\n
Meanwhile, Planet is increasingly integrating artificial intelligence into its massive Earth-observation dataset. Its agentic AI application has entered open beta, allowing users to query satellite data using natural language.<\/p>\n\n\n\n
For fiscal 2027, Planet expects revenue between $430 million and $441 million and adjusted EBITDA profit between $3 million and $10 million.<\/p>\n\n\n\n
With satellite services gaining traction and government demand expanding, Planet is increasingly positioning itself at the intersection of space infrastructure, defense intelligence and AI-powered data analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"
Record quarterly revenue, expanding government contracts and a $865 million cash position strengthen Planet\u2019s push into AI-powered geospatial intelligence and sovereign satellite services. Planet Labs (PL) delivered record fiscal second-quarter 2027 revenue as growing demand for satellite services, defense applications and AI-powered geospatial intelligence fueled strong year-over-year growth. Revenue jumped 58% to a record $116.1 […]<\/p>\n","protected":false},"author":1,"featured_media":1444,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"jnews_post_split":[]},"categories":[360,310],"tags":[420,421,416,418,417],"coauthors":[453],"_links":{"self":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/11155"}],"collection":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/comments?post=11155"}],"version-history":[{"count":1,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/11155\/revisions"}],"predecessor-version":[{"id":11156,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/11155\/revisions\/11156"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media\/1444"}],"wp:attachment":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media?parent=11155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/categories?post=11155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/tags?post=11155"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=11155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}