Overview
- Planet reported fiscal Q3 revenue of $81.25 million with breakeven adjusted EPS and a GAAP loss of 19 cents per share.
- Management guided Q4 revenue to $76–$80 million and lifted full-year fiscal 2026 revenue to $297–$301 million, both above prior forecasts.
- Backlog rose 216% year over year to $734 million, with executives citing recent wins tied to NGA’s Luno B program and expanded work with NATO.
- The company ended the quarter with $677 million in cash and short-term investments and logged a third consecutive quarter of positive free cash flow.
- Shares surged more than 30% after the results and set a new high on Friday as multiple analysts raised price targets, including a prior increase from Clear Street to $14.