Planet Labs jumps on upbeat revenue forecast and Q3 beat

Planet Labs surged over 20% after raising its fiscal 2026 revenue outlook to $297–301 million, above its prior forecast and Street expectations. The company also projected stronger fourth-quarter revenue and posted Q3 sales of $81.3 million, beating estimates. Growth was driven by defense, intelligence, and civil government demand, along with progress on its JSAT satellite services contract.