Core Insights - Planet Labs PBC reported third-quarter revenue of $81.25 million, exceeding analyst expectations of $71.99 million, and raised its FY26 sales guidance above estimates [1][3] - The company achieved breakeven adjusted earnings per share, with a GAAP loss of 19 cents per share [1] - CEO Will Marshall highlighted strong momentum in business, accelerated revenue growth, and progress on profitability goals, particularly in AI-enabled global monitoring solutions [2] Financial Performance - Fourth-quarter revenue is expected to be between $76 million and $80 million, surpassing estimates of $73.88 million [3] - Full-year revenue guidance was raised from $281 million to $289 million to a new range of $297 million to $301 million, compared to estimates of $284.11 million [3] - Following the earnings announcement, Planet Labs shares rose 37% to trade at $17.74 [3] Analyst Ratings - Needham analyst Ryan Koontz maintained a Buy rating and raised the price target from $16 to $22 [4] - Wedbush analyst Dan Ives maintained an Outperform rating and increased the price target from $17 to $20 [4] - Clear Street analyst Gregory Pendy maintained a Buy rating and raised the price target from $14 to $16 [4]

Core Insights - Planet Labs PBC stock experienced a significant increase due to rising demand for its satellite imagery and data platform [1][2] - The company reported earnings that exceeded market expectations, with revenue of $81.25 million compared to the anticipated $71.99 million [3] Financial Performance - The adjusted earnings per share was breakeven, aligning with market expectations for the second time this year [3] - Analyst Ryan Koontz from Needham raised the price forecast for the stock from $16 to $22, citing a strong balance sheet and plans for positive free cash flow in fiscal 2026 and 2027 [4] - The Defense and Intelligence segment saw a remarkable growth of 72%, while commercial revenue faced a decline due to softer agricultural demand [5] - Gross margin reached 60.3%, surpassing guidance due to stronger revenue and usage-based subscriptions [5] - Adjusted EBITDA remained positive for the fourth consecutive quarter, and free cash flow was positive despite high capital spending [6] Strategic Developments - Total remaining performance obligations increased significantly, bolstered by recent contracts in Japan and Germany [7] - New awards included programs with the U.S. Navy, NATO, and NASA, which helped offset budget-driven renewals at lower rates [7] - The company anticipates fourth-quarter revenue between $76 million and $80 million, exceeding estimates of $73.88 million [7] Outlook - Planet Labs raised its full-year revenue guidance from $281 million to a new range of $297 million to $301 million, surpassing estimates of $284.11 million [8] - The company operates a fleet of approximately 200 satellites, capable of imaging 350 million square kilometers daily, nearly double the Earth's landmass [9] - Analyst Koontz expects improving fundamentals through fiscal 2025 and 2026, with tighter cost controls enhancing profitability during this period [10] - Planet Labs shares rose by 33.00% to $17.20, reaching a new 52-week high [10]

Group 1 - U.S. stocks showed mixed performance, with the Dow Jones increasing by over 600 points on Thursday [1] - Diamond Hill Investment Group Inc's shares surged 45.3% to $170.74 after First Eagle announced an acquisition for $175 per share in a $473 million all-cash deal [1] Group 2 - Planet Labs PBC's stock rose 29.7% to $16.79 following better-than-expected third-quarter sales results and an optimistic fourth-quarter sales guidance [2] - Nextdoor Holdings Inc experienced a gain of 22.9% to $3.11 [2] - Gemini Space Station Inc's shares jumped 19.2% to $13.54 after regulatory approval for its subsidiary to offer prediction markets to U.S. customers [2] - Rhythm Pharmaceuticals Inc's stock increased by 13.5% to $119.00 after announcing preliminary results from a Phase 2 trial for setmelanotide in Prader-Willi syndrome patients [2] - Candel Therapeutics Inc gained 12.4% to $6.52 [2] - VersaBank's shares rose 12.34% to $14.52 [2] - Perpetua Resources Corp's stock increased by 10.4% to $28.37 [2] - iHeartMedia Inc jumped 10.1% to $5.19 [2] - NovaBay Pharmaceuticals Inc gained 9.5% to $2.65 [2] - Idaho Strategic Resources Inc's shares rose 9.3% to $43.62 [2] - Immunovant Inc's stock increased by 8.5% to $25.57 after pricing a $550 million common stock offering [2] - Vail Resorts Inc gained 8.3% to $153.30 following first-quarter results [2] - Mosaic Co's shares surged 7.2% to $25.47 amid higher fertilizer stock prices after reports of Ukraine attacking Russian fertilizer plants [2] - Wayfair Inc's stock rose 6.9% to $99.76 [2] - Centene Corp gained 5.3% to $40.72 [2]

Core Insights - Planet Labs (NYSE:PL) experienced a 30% increase in stock price, reaching nearly $17 per share, following strong third-quarter earnings driven by demand for Earth observation data and AI integrations [1][2] - The company reported a revenue of $81.3 million for Q3, exceeding Wall Street's estimate of $72.2 million and marking a 33% year-over-year growth, attributed to defense and government contracts [2][10] - Planet Labs raised its full-year 2026 revenue guidance to between $297 million and $301 million, with expectations of adjusted EBITDA profit for the first time in its history [2][10] Financial Performance - The adjusted EBITDA for the quarter was $5.6 million, marking the fourth consecutive profitable quarter, although the calculation was adjusted to exclude changes in warrant liabilities [4][6] - GAAP net losses widened to $59.2 million from $20.1 million a year ago, primarily due to a non-cash charge related to warrant liabilities and increased operational spending [3][5] Market Position and Future Outlook - Analysts, including Needham & Co., have a positive outlook, raising price targets and highlighting the company's strong execution and growth potential in defense and AI sectors [7][11] - Planet Labs has secured significant contracts, including a $12.8 million award from the U.S. National Geospatial-Intelligence Agency for AI-powered maritime surveillance [8] - The company is positioned in the $100 billion Earth-observation market with a strong cash balance of $226 million and zero debt, indicating a shift from speculative trading to sustainable operations [10][12]

Planet Labs stock finally looks like a solid buy.Earth observation satellite company Planet Labs (PL +34.12%) stock rocketed 32.5% through 11:10 a.m. ET Thursday morning, after beating analyst forecasts for both sales and earnings last night.Heading into the fiscal Q3 2026 report, analysts weren't optimistic, expecting Planet to lose $0.04 per share on $72 million in sales. Instead, Planet broke even -- zero cents lost, zero cents earned -- and scored $81 million in revenue. Planet Labs Q3 earningsPlanet ...

Planet Labs PBC (NYSE:PL) stock is soaring today, up 32.6% to trade at $17.16 at last glance, after the company posted breakeven earnings per share on revenue of $81.3 million, surpassing the estimated losses of 2 cents per share and revenue of $72 million. The satellite imaging and AI-focused data name also raised its 2026 revenue guidance. In response, Wedbush reiterated its "outperform" rating and lifted its price target to $20 from $17. The firm cited strong demand for its AI-enabled applications, calli ...

Core Viewpoint - The U.S. space concept stocks have seen a resurgence, with significant gains in companies like Planet Labs PBC and Destiny Tech100, driven by news of SpaceX's potential IPO and ambitious financial projections [1] Group 1: Stock Performance - Planet Labs PBC (PL.US) surged by 33% [1] - Destiny Tech100 (DXYZ.US) increased by over 10% [1] - EchoStar Corporation (SATS.US) and Rocket Lab (RKLB.US) both rose by more than 4% [1] Group 2: SpaceX IPO Plans - SpaceX plans to conduct an IPO as early as mid-2026, aiming to raise over $30 billion [1] - The company is projected to have a valuation of approximately $1.5 trillion [1] - Funds raised will be allocated for space data centers and chip procurement [1] Group 3: Financial Projections - SpaceX anticipates revenues of $15 billion in 2025 [1] - Expected revenue growth to $22 billion to $24 billion in 2026 [1]

Core Viewpoint - The U.S. space concept stocks have seen a resurgence, with significant gains in companies like Planet Labs PBC and Destiny Tech100, driven by news of SpaceX's potential IPO and its ambitious fundraising plans [1] Group 1: Stock Performance - Planet Labs PBC (PL.US) surged by 33% [1] - Destiny Tech100 (DXYZ.US) increased by over 10% [1] - EchoStar Corporation (SATS.US) and Rocket Lab (RKLB.US) both rose by more than 4% [1] Group 2: SpaceX IPO Plans - SpaceX plans to conduct an IPO as early as mid-2026, aiming to raise over $30 billion [1] - The company is estimated to have a valuation of approximately $1.5 trillion [1] - Funds raised will be allocated for space data centers and chip procurement [1] Group 3: Revenue Projections - SpaceX anticipates revenue of $15 billion in 2025 [1] - Expected revenue growth to $22-24 billion in 2026 [1]

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Core Viewpoint - Planet Labs PBC experienced a significant stock price increase of over 20%, nearing its historical high from October, currently trading at $15.60, following the release of its third-quarter financial results [1] Financial Performance - The company reported third-quarter revenue of $81.3 million, representing a year-over-year growth of 33% [1] - The non-GAAP gross margin for the quarter was 60% [1] - Adjusted EBITDA profit for the quarter was $5.6 million, marking the fourth consecutive quarter of positive adjusted EBITDA [1] - The company achieved positive free cash flow for the third consecutive quarter and expects to maintain positive free cash flow for the entire fiscal year [1] Future Guidance - For the fourth quarter, the company anticipates revenue between $76 million and $80 million, which would be approximately a 27% increase year-over-year based on midpoint calculations [1] - The expected non-GAAP gross margin for the fourth quarter is projected to be between 50% and 52% [1] - Due to further investments in artificial intelligence solutions and next-generation fleet, the company expects an adjusted EBITDA loss between $7 million and $5 million for the fourth quarter [1]