Planet Labs is in discussions to provide its satellite-imaging services to help monitor data centers, the company’s chief financial officer said, as it looks beyond the defense sector for expansion

PLANET LABS $PL Q2’27 EARNINGS HIGHLIGHTS 🔹 Revenue: $116.1M (Est. $104M) 🟢; +58% YoY 🔹 Adj. EPS: $0.02 (Est. -$0.02) 🟢 🔹 Adj. EBITDA: $13.9M (Est. $1.6M) 🟢; +117% YoY 🔹 Non-GAAP Gross Margin: 59%; -200 bps YoY FY27 Guide: 🔹 Revenue: $430M-$441M (Est. $436M) 🟡 🔹 Adjusted EBITDA: $3M-$10M (Est. $8.4M) 🔴 🔹 Capital Expenditures: $100M-$115M 🔹 Non-GAAP Gross Margin: 55%-57% Q3 Guide: 🔹 Revenue: $101M-$105M (Est. $114M) 🔴 🔹 Non-GAAP Gross Margin: 56%-58% 🔹 Capital Expenditures: $30M-$37M Other Q2 Metrics: 🔹 Backlog: ~$814.9M 🔹 RPOs: ~$753.1M 🔹 Cash & Short-Term Investments: $865.4M; +219% YoY 🔹 Adjusted Free Cash Flow: $28.8M 🔹 Recurring ACV: 98% Business Highlights: 🔹 Launched Pelican-11 technical demonstration satellite 🔹 Planet AI Application progressed to open beta phase Comments: 🔸 “The team continues to demonstrate strong execution, highlighted by our satellite handover for the Swedish Armed Forces and landmark contract wins in August with the NGA and the German government.” 🔸 “Our strong top-line performance is translating to significant operating leverage, exceeding our expectations on non-GAAP gross margins and driving adjusted EBITDA profit of $13.9 million for the quarter.”

Planes don’t accidentally hit two towers and the Pentagon within an hour of each other. Nineteen terrorists did that on purpose. 2,977 people were murdered. Say it correctly or say nothing.