On September 8, Planet Labs Pbc fell 5.44% in regular trading, trading at $17.485/share, with turnover of $62.07 million, extending the post-earnings pullback that began after the company released its fiscal Q2 results.

On the news front, Planet Labs previously reported fiscal 2027 Q2 revenue of $116.1 million, up 58.2% year-over-year, significantly beating the consensus estimate of $104.5 million. However, adjusted EPS came in at a loss of $0.03, slightly missing the expected loss of $0.02. More critically, the company guided Q3 revenue to $101-$105 million, well below the analyst consensus of $114.0 million, representing a shortfall of roughly 8-11%. Full-year fiscal 2027 revenue guidance of $430-$441 million was largely in line with the $435.8 million estimate.

While positive developments — including a European defense contract, New Street upgrading the stock to Neutral with a $22 price target, and data center monitoring expansion plans — initially fueled a post-earnings rebound of over 9% in pre-market trading, the significant Q3 guidance gap has since erased those gains, with the stock falling more than two dollars from its post-earnings high as market confidence remains pressured.

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