We recently published 10 Stocks With Eye-Popping Gains; 7 Soar to Fresh Highs. Planet Labs PBC (NYSE:PL) is one of the top performers ob Monday.
Planet Labs surged to a fresh peak on Monday as investors welcomed its earnings performance and revenue growth outlook for the full fiscal year of 2026.
In intra-day trading, the stock jumped to its fresh high of $9.71 before a slight selling pulled the company’s price lower by $0.05 to $9.66.
In its updated report, Planet Labs PBC (NYSE:PL) said it narrowed its net loss by 41.6 percent to $22.59 million from $38.67 million in the same period last year. Revenues increased by 20.13 percent to $73.39 million from $61.09 million year-on-year.
“Our second quarter results demonstrate incredibly strong momentum across our business, with record revenue and substantial growth in our backlog. The increased demand for our unique Earth intelligence, highlighted by pivotal contracts including one in collaboration with the German government, one with NATO, and others with the US Department of Defense, underscores the critical role Planet plays in addressing global challenges and supporting peace and security,” said Planet Labs PBC (NYSE:PL) Chairman and CEO Will Marshall.
“We are continuing to innovate with the recent launch of two additional next-generation Pelican satellites, with more on the horizon, reinforcing our commitment to delivering the most comprehensive and timely data and insights to our customers worldwide,” he said.
For the full fiscal period of 2026, Planet Labs PBC (NYSE:PL) said it now expects revenues to hit $281 million to $289 million, higher than its previous growth outlook of $265 million to $280 million.
For the third quarter alone, revenues are targeted to reach $71 million to $74 million.
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Disclosure: None. This article is originally published at Insider Monkey.
