Q3 26 EPS
$0.00
BEAT +100.00%
Est. $-0.04
Q3 26 Revenue
$81.3M
BEAT +12.82%
Est. $72.0M
vs S&P Since Q3 26
+141.9%
BEATING MARKET
PL +146.5% vs S&P +4.6%
Market Reaction
Did PL Beat Earnings? Q3 2026 Results
Planet Labs delivered a standout fiscal third quarter of 2026, posting record revenue of $81.25 million, up 32.6% year-over-year and well ahead of the $72.02 million consensus estimate, while reporting non-GAAP EPS of $0.00 against an expected loss o… Read more Planet Labs delivered a standout fiscal third quarter of 2026, posting record revenue of $81.25 million, up 32.6% year-over-year and well ahead of the $72.02 million consensus estimate, while reporting non-GAAP EPS of $0.00 against an expected loss of $0.04, a 100% beat that signals the company's accelerating march toward profitability. The headline driver was an explosive surge in government demand: remaining performance obligations skyrocketed 361% year-over-year to $672.47 million, reflecting a string of defense and intelligence contract wins with the NGA, NRO, NASA, and the U.S. Navy. Adjusted EBITDA swung to a $5.62 million profit, marking a fourth consecutive quarter in the black on that metric, even as a $43.47 million non-cash warrant revaluation widened the GAAP net loss to $59.19 million. With analyst sentiment broadly bullish and shares commanding significant attention, management guided full-year FY2026 revenue of $297 million to $301 million with adjusted EBITDA profit of $6 million to $8 million.
Key Takeaways
- • 33% year-over-year revenue growth to record $81.3 million
- • 97% recurring annual contract value
- • Fourth consecutive quarter of adjusted EBITDA profitability at $5.6 million
- • Third consecutive quarter of positive free cash flow
- • RPOs increased 361% YoY to $672 million; backlog increased 216% YoY to $734 million
- • Strong defense and intelligence contract wins driving growth
PL YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
“We delivered a strong third quarter, marked by continued momentum in the business, accelerated revenue growth, and excellent progress on our profitability goals. We're seeing strong traction with our AI-enabled global monitoring solutions, demonstrated by our recent award under the NGA's Luno B program and expansion with NATO. We're announcing our acquisition of Bedrock Research, an AI-enabled solutions company, to accelerate our roadmap in support of this demand.”
— Will Marshall, Q3 2026 Earnings Press Release
PL Earnings Trends
PL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PL EPS Trend
Earnings per share: estimate vs actual
PL Revenue Trend
Quarterly revenue: estimate vs actual
PL Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 | — | — | — | — | — |
| Q3 26 BEAT | $-0.04 | $0.00 | +100.00% | $81.3M | +12.82% |
| Q2 26 BEAT | $-0.04 | $-0.03 | +33.04% | $73.4M | +11.30% |
| Q1 26 BEAT | $-0.03 | $0.00 | +100.00% | $66.3M | +6.45% |
| Q4 25 FY | — | $-0.08 | — | $61.6M | — |
| FY Full Year | — | $-0.20 | — | $244.4M | — |