Overview
- Planet Labs reported Q3 revenue of $81.25 million, beating the $71.99 million consensus and rising 33% year over year, with breakeven adjusted EPS and a GAAP loss of $0.19.
- Guidance increased to $297 million–$301 million for FY26, with Q4 revenue projected at $76 million–$80 million, both above analyst expectations.
- Backlog reached $734 million as of Oct. 31, up 216% year over year, and quarter-end liquidity totaled $677 million in cash, equivalents and short-term investments.
- Management highlighted traction for AI-enabled monitoring, citing an NGA Luno B award and an expansion with NATO.
- The stock jumped about 21% after hours following the release and was up roughly 16% in pre-market trading the next morning.