Why Planet Labs (PL) Is Up 5.2% After Raising 2026 Revenue Guidance And Showcasing Pelican-6

• Planet Labs PBC recently reported third-quarter 2025 results showing revenue of US$81.25 million versus US$61.27 million a year earlier, alongside a wider net loss of US$59.19 million, and issued guidance for fourth-quarter and full-year 2026 revenue of US$76–80 million and US$297–301 million respectively.
• Ahead of these financial updates, Planet Labs also released first light images from its new Pelican-6 high-resolution satellite, highlighting ongoing advances in its Earth observation technology and on-orbit AI processing capabilities.
• Now we’ll examine how Planet Labs’ stronger revenue base and updated guidance reshape the earlier investment narrative around its growth path.

Outshine the giants: these 25 early-stage AI stocks could fund your retirement.

Planet Labs PBC Investment Narrative Recap

To own Planet Labs today, you need to believe its growing Earth observation platform and data solutions can eventually scale into a sustainably profitable business, despite ongoing losses. The latest results reinforce the revenue growth story but also highlight that the key near term catalyst is still converting this larger revenue base into improved cash flow, while the biggest risk remains the widening net loss and the investment burden of building out new satellite constellations. The new guidance does not materially change those priorities.

Among the recent updates, the Pelican 5 and Pelican 6 first light imagery stands out because it connects directly to Planet’s thesis that higher resolution data and on orbit AI will support more valuable solutions and larger customer contracts. If that proposition holds, the expanded Pelican constellation could help justify the company’s higher spending and support its focus on solution based revenue as a future growth driver.

Yet for all the promise, investors should still be aware that rising losses and heavy capital needs could...

Read the full narrative on Planet Labs PBC (it's free!)

Planet Labs PBC's narrative projects $409.3 million revenue and $29.2 million earnings by 2028. This requires 17.8% yearly revenue growth and a $135.7 million earnings increase from $-106.5 million today.

Uncover how Planet Labs PBC's forecasts yield a $14.55 fair value, a 24% downside to its current price.

Exploring Other Perspectives

Nine fair value views from the Simply Wall St Community span roughly US$2.16 to US$22 per share, underscoring how far apart expectations can be. Against that wide spread, the recent widening losses and ongoing investment in new satellite fleets remind you that execution on Planet’s growth plan is critical to how the story ultimately plays out.

Explore 9 other fair value estimates on Planet Labs PBC - why the stock might be worth as much as 15% more than the current price!

Build Your Own Planet Labs PBC Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Planet Labs PBC research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision.
• Our free Planet Labs PBC research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Planet Labs PBC's overall financial health at a glance.

No Opportunity In Planet Labs PBC?

Opportunities like this don't last. These are today's most promising picks. Check them out now:

• Trump's oil boom is here - pipelines are primed to profit. Discover the 22 US stocks riding the wave.
• These 12 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch.
• This technology could replace computers: discover 28 stocks that are working to make quantum computing a reality.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com