Planet Labs PBC has reported impressive financial results for Q2 2026, showcasing significant revenue growth and positive forecasts ahead.
Q2 Results
Planet Labs PBC reported record revenue of $73.4 million for Q2 2026, a 20% increase compared to the same period last year. This performance surpassed the expected revenue of $65.88 million, reflecting the company’s strong market position and growing demand for its Earth intelligence services. The gross margin improved to 58%, up from 53% in the previous year.
Outlook for Q3
Planet Labs PBC has provided guidance for Q3 2026, with expected revenue in the range of $71 million to $74 million. The company anticipates a non-GAAP gross margin between 55% and 56%, with an adjusted EBITDA loss projected to be between $4 million and $0. For the full fiscal year 2026, revenue is expected to be between $281 million and $289 million.
Support from Contracts and Technologies
The optimistic guidance is supported by significant contract wins, including deals with the U.S. Department of Defense, NATO, and the German government. Additionally, the company successfully launched two high-resolution Pelican satellites, strengthening its position in the Earth intelligence market.
The financial results and forecasts from Planet Labs PBC indicate strong company growth and increasing demand for innovative solutions, promising positive outcomes for the future.
