Planet Labs Stock Surges Nearly 50% on Strong Earnings and Satellite Breakthrough

Planet Labs (PL 1.14%) shares skyrocketed almost 50% this week, fueled by a potent combination of bullish earnings and technological advancements. The geospatial intelligence company reported a 20% year-over-year revenue jump to $73 million in Q2 fiscal 2026, while slashing its GAAP net loss by half to $8 million. Analysts had anticipated just $66 million in revenue and a $0.04 per-share loss—expectations the company handily surpassed with a $0.03 adjusted loss.

The rally gained additional thrust with Tuesday's unveiling of high-resolution Turin city imagery from its new Pelican-3 satellite. These crystal-clear demonstrations of imaging capability underscored Planet Labs' technological edge in the Earth observation sector. Market participants responded with aggressive accumulation, driving one of the week's most dramatic equity moves across all sectors.