Planet Labs FY26 Performance & Earnings Call — Bloomberg of Earth Data, Holds the Bottleneck of the Defense AI Era

FACT Planet Labs announced its FY2026 Q4 (ended January 2026) results on March 20, 2026. Q4 revenue $86.82M (+11% surprise vs. consensus $78.17M), annual revenue $307.7M (+26% YoY), and the first annual Adj. EBITDA profit +$15.5M and FCF profit +$52.9M were recorded. (Source: BusinessWire, 2026-03-19)

FACT Backlog surged to $900M+ (+79% YoY), and RPO reached $852.4M (+106% YoY). FY2027 guidance revenue $415–440M (+35~43% growth) significantly exceeded Wall Street consensus of $380M. On the day of the earnings release, the stock price soared +27~36%, hitting an all-time high.

NARRATIVE CEO Will Marshall declared, "We are playing to win." The company is building the world's first GPU-native planetary AI engine with NVIDIA and is also conducting research to put TPUs into orbit through Google Project SunCatcher. This signifies a transition from a simple satellite company to the "Bloomberg of Earth Data."