Planet Labs Jumps 23% After Hours as Its $900M Backlog Finally Gets Wall Street's Attention
Planet Labs (NYSE:PL), a leading provider of global, daily satellite imagery and geospatial solutions, saw its shares jump 23% after hours on March 19 after the company posted its largest quarterly revenue ever and a backlog that now exceeds its entire annual revenue.
Planet Labs PBC (PL) Q4 2026 Earnings Call Transcript
Planet Labs PBC (PL) Q4 2026 Earnings Call Transcript
Planet Labs Crushes Earnings, But Risk Is Rising
Planet Labs delivered a standout Q4-2026, with 41% YoY revenue growth and a substantial beat on both revenue and EPS expectations. PL raised FY2027 revenue guidance to $415–440M, implying 38.9% YoY growth and signaling accelerating momentum, with backlog up 79% to $900.4M. Despite positive free cash flow and strong technical momentum, PL trades at a steep 23.9x forward sales, tempering long-term conviction.
Planet Labs: 500% Rally, Growth Case Still Intact
I still see Planet Labs PBC as a top-line growth story, with FY27 revenue guided to $415M-$440M and 67% of its $900M backlog converting over the next two years. PL's backlog was up 79% in the last fiscal year. I think there is more room for growth in the back half of this year. I believe the Defense & Intelligence segment is the key upside area, with FY26 revenue up 50% and potential tailwinds from the proposed $1.5 trillion U.S. defense budget for 2027.
Planet Labs strong Q4 prompts price target raise from Wedbush
Planet Labs (NYSE:PL) reported strong fourth quarter results and raised its fiscal year 2027 guidance, prompting Wedbush to maintain an ‘Outperform' rating and lift its price target from $30 to $40. Shares of Planet Labs surged almost 28% to about $34 on Friday morning.
Why is Planet Labs' stock soaring?
Satellite imaging company Planet Labs saw its stock surge in extended trading on Thursday after delivering record financial results and forecasting stronger growth ahead, driven by rising demand and artificial intelligence integration. Shares of the company jumped about 15% after the closing bell, adding to a remarkable rally that has seen the stock climb more than 500% over the past year.
Planet Labs PBC (PL) Reports Break-Even Earnings for Q4
Planet Labs PBC (PL) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to a loss of $0.08 per share a year ago.
ArrowMark Colorado Holdings LLC Sells 340,000 Shares of Planet Labs PBC $PL
ArrowMark Colorado Holdings LLC lowered its position in shares of Planet Labs PBC (NYSE: PL) by 31.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 724,958 shares of the company's stock after selling 340,000 shares during the quarter.
Ives: Top tech stocks to watch amid geopolitical tensions
Amid rising Middle East tensions and AI-related market jitters, tech investors are seeking safe harbors. Wedbush analyst Dan Ives highlighted ten technology companies he views as well positioned to weather a “geopolitical jittery backdrop,” emphasizing robust business models and exposure to cybersecurity, defense, and AI-driven growth.
Planet Labs: A $1.5 Trillion Catalyst Could Force Another Rerate
Planet Labs: A $1.5 Trillion Catalyst Could Force Another Rerate
Planet Labs PBC (PL) Presents at Barclays 43rd Annual Industrial Select Conference Transcript
Planet Labs PBC (PL) Presents at Barclays 43rd Annual Industrial Select Conference Transcript
Planet Labs: A Multi-Year Growth Opportunity
Planet Labs PBC is transforming from a satellite imagery provider to a full-stack data insights platform, leveraging AI for actionable analytics. PL's unique daily global scan and temporal resolution capabilities drive recurring revenue potential, especially with government and defense clients. Backlog surged 240% QoQ to $734M, with 37% expected to convert within 12 months, supporting a bullish multi-year revenue growth trajectory.
