On September 4, Planet Labs Pbc rose 5.5% overnight, trading at $19.33/share, with turnover of $496,200. The stock had declined over 5% during regular trading due to pre-earnings selling pressure but rebounded sharply after the release of fiscal Q2 results.

The company reported fiscal Q2 (ending July 31) revenue of $116.1 million, up 58.2% year-over-year and substantially above the analyst consensus estimate of $104.5 million. Adjusted loss per share came in at $0.03, slightly missing the expected loss of $0.02. While the top-line beat was the primary catalyst for the overnight rally, forward guidance tempered enthusiasm: fiscal Q3 revenue guidance of $101 million to $105 million fell short of the $114 million analyst estimate, though full-year fiscal 2027 revenue guidance of $430 million to $441 million roughly aligned with the $435.8 million consensus.

Separately, the company announced a seven-figure annual contract with a European defense and intelligence client for proprietary mosaic imagery and advisory services. Its Tanager-2 satellite and 18 SuperDove satellites have also arrived at Vandenberg Space Force Base ahead of a SpaceX launch, set to double its hyperspectral capacity.

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