Planet Labs PBC (PL) Earnings Call Transcripts

Planet Labs PBC's Latest Earnings Call - Q1 FY2027

In the first quarter of fiscal year 2027, Planet Labs PBC reported record revenue of $94 million, reflecting a 42% year-over-year growth. The strong performance was primarily driven by a 65% increase in Defense and Intelligence revenue, alongside significant international contracts, including an 8-figure deal with a global customer. Management raised full-year revenue guidance to a range of $425 million to $441 million, indicating continued confidence in growth prospects despite a modest decline in gross margin expectations for the upcoming quarter.

Reported metrics

Guidance from management

Management raised full-year revenue expectations to $425 million to $441 million, indicating strong visibility from backlog. Q2 revenue is expected to range between $102 million and $107 million, reflecting continued growth momentum.

What management said

Yes. I think it's important just to highlight that across our satellite fleet. As you know, we tend to repurpose a lot of the components. So there's a lot of commonalities even as we iterate on various aspects, whether that's improving latency, improving the payload for resolution. So that enables us to have a much faster pace of iteration than you might typically see in hardware iterations, especially in space. So I...

I think it's very sustainable. And one of the things about our agriculture partnerships that we mentioned is that we've really turned it around to a point where we really align that business model with the agriculture partners that we're doing with like the John Deere piece that we announced. As they do well, we do well. And that -- so we took a reset in that area, but now we're growing it. And so we feel good. I'm v...

What analysts pressed on

Analysts expressed concerns regarding the flat civil government revenue and the impact of geopolitical factors on customer behavior in conflict regions. There were questions about the sustainability of commercial sector growth and potential competition in the government contracts space.

Main topics on the call

• Record Revenue Growth — Planet Labs achieved record revenue of $94 million, representing a 42% year-over-year increase. CEO Will Marshall stated, "We had another excellent quarter, delivering record revenue and signing an 8-figure deal with an ...
• Strong Defense & Intelligence Performance — The Defense and Intelligence sector saw revenue growth of over 65% year-on-year, driven by new contracts with the U.S. government. Marshall noted, "These awards reinforce the U.S. government's commitment to integrating c...
• International Demand and New Contracts — Planet signed significant contracts with international customers, including a $21.9 million contract extension with the U.S. National Geospatial Intelligence Agency. This reflects robust international government demand d...
• Flat Civil Government Revenue — Civil government revenue was flat year-over-year, primarily due to a reduction in NASA contracts. Despite this, there were notable wins in Europe, such as a 7-figure agreement with the Greek government.

Read the full Planet Labs PBC transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 29 Planet Labs PBC earnings call transcripts on record, spanning October 19, 2021 to June 4, 2026. Based on this history, Planet Labs PBC reports quarterly. The most recent call on file is dated June 4, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

PL

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Professional Services

Calls on record

29

First call

October 19, 2021

Most recent

June 4, 2026

Reporting cadence

quarterly