Planet Labs PBC(US:PL) Benzinga·2025-09-09 15:08Core Insights - Planet Labs PBC reported better-than-expected second-quarter fiscal 2026 results, with revenue growth of 20% year-over-year to $73.39 million, surpassing analyst estimates of $65.74 million [1] - The company experienced a GAAP net loss of $22.6 million, or 7 cents per share, an improvement from a loss of $38.7 million, or 13 cents per share, a year ago [1] - Non-GAAP net loss per share was 3 cents, beating expectations for a 4-cent loss, and adjusted EBITDA was $6.4 million, compared to a loss of $4.4 million a year earlier [2] Revenue Guidance - For the third quarter, Planet guided revenue between $71 million and $74 million, exceeding the analyst consensus of $68.86 million [3] - The company raised its fiscal 2026 revenue outlook to $281 million to $289 million, up from prior guidance of $265 million to $280 million, but still below the analyst estimate of $328.38 million [4] Profitability Metrics - Non-GAAP gross margin is expected to be between 55% and 56% for the third quarter, and between 55% and 57% for fiscal 2026 [3][4] - Adjusted EBITDA is projected to be between a $4 million loss and breakeven for the third quarter, and between a $7 million loss and breakeven for fiscal 2026 [4] Market Reaction - Following the earnings announcement, Planet Labs announced a private offering of $300 million convertible senior notes due 2023, and shares fell 3.6% to trade at $9.31 [4] - Analysts have adjusted their price targets for Planet Labs, with Needham analyst Ryan Koontz raising the target from $8 to $12, and JMP Securities analyst Trevor Walsh raising it from $8 to $11 [10]