On September 4, Planet Labs Pbc rose 7.3% in pre-market trading, trading at approximately $19.78/share with turnover of $685,400, extending the post-earnings rebound from the prior session's after-hours trading.

The rally was driven by the company's fiscal Q2 results released after the previous close. Planet Labs reported revenue of $116.1 million for the quarter ended July 31, up 58.2% year-over-year and significantly exceeding the analyst consensus estimate of $104.5 million. Adjusted EPS came in at a loss of $0.03, slightly missing the expected loss of $0.02. The stock had declined over 5% during the prior regular session amid pre-earnings selling pressure, but quickly reversed following the strong revenue beat.

However, the company's Q3 revenue guidance of $101 million to $105 million fell notably short of the $114 million analyst estimate, which may cap further upside. Full-year fiscal 2027 revenue guidance of $430 million to $441 million was largely in line with the $435.8 million consensus. Additionally, Berenberg Bank recently initiated coverage with a Buy rating and a $25 price target, while the company announced a seven-figure annual contract with a European defense and intelligence client.

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