Planet Labs delivered record Q2 revenue of $116 million, fueled by a 90% surge in defense contracts and successful satellite service deployments, signaling strong operational momentum.
Planet Labs reported record Q2 FY2027 revenue of $116 million (58% YoY growth), strong gross margin, and multiple new defense contracts, signaling robust business momentum.
Planet Labs reported record Q2 FY2027 revenue of $116 million, marking a 58% year-over-year increase. The company exceeded the 'Rule of 40' for the fourth consecutive quarter, driven by strong demand in its Defense and Intelligence sector and rapid expansion in satellite services.
Growth was primarily driven by strong execution in satellite services and significant momentum in the Data and Solutions business, particularly within the Defense and Intelligence sector.