Planet Labs is using AI, satellite data and defense contracts to shift toward higher-value geospatial intelligence services.
RKLB has an edge over PL as price performance, growth estimates, defense demand, backlog visibility and vertical integration support its growth.
Shares of space stocks are tumbling in mid-morning trading on Tuesday, with Planet Labs (NYSE:PL) stock leading the decline.
Space stocks are having a moment. But as the Q1 earnings report for fiscal 2027 from Planet Labs PBC NYSE: PL shows, it may be a big, irrational moment.
Planet Labs delivered strong 42% revenue growth and a $900M+ backlog, but profitability remains distant, with widening losses and margin compression. PL's forward guidance disappointed: FY revenue of $425–441M implies decelerating growth, and adjusted EBITDA is guided to breakeven at best. Heavy investment in satellites and AI, plus a new $1.5B equity distribution program, signals ongoing capital intensity and potential dilution risks.
Planet Labs ties defense momentum to an AI push as Q1 FY27 revenues hit a record $94.2M, backlog tops $906M, and full-year sales outlook rises.
San Francisco-headquartered Planet Labs (PL) tanked on Friday morning after the company issued full-year guidance that disappointed some growth-hungry investors. The satellite imagery specialist posted a record Q1 revenue of $94.2 million and scaled its backlog further, but structural margin adjustments and capital allocations underwhelmed short-term traders.
PL delivers record Q1 revenues and a bigger backlog, but losses persist. The company also guided a strong FY 2027.
Planet Labs (NYSE:PL) reported first-quarter fiscal 2027 revenue and earnings above Wall Street estimates on Friday, with its defense and intelligence segment growing more than 65% year-over-year, though shares fell more than 19% in morning trading. The satellite imagery company posted revenue of $94.2 million for the quarter, up 42% from a year earlier and ahead of analyst estimates of $90 million and the company's own guidance range of $87 million to $91 million.
Planet Labs PBC (PL) Q1 2027 Earnings Call Transcript
Planet Labs PBC (PL) came out with a quarterly loss of $0.03 per share in line with the Zacks Consensus Estimate. This compares to break-even earnings per share a year ago.
PL is set to report Q1 earnings on June 4 with expected $89.8M revenue (+35.5%) but a loss of 3 cents.