We recently published 10 Firms Stealing the Spotlight; 4 Are Climbing to Record Highs. Planet Labs PBC (NYSE:PL) is one of the best performers on Thursday.
Planet Labs soared to an all-time high on Thursday, as investors took heart from its higher growth outlook for the full fiscal year of 2026.
At intra-day trading, the stock climbed to its highest price of $17.98 before paring gains to end the day just up by 35.01 percent at $17.47 apiece.
In an updated report, Planet Labs PBC (NYSE:PL) said that it now expects revenues for the full fiscal year to be at $297 million to $301 million, versus the $281 million to $289 million forecast earlier. The official figures beat its earlier guidance of $71 million to $74 million for the third quarter.
Planet Labs PBC (NYSE:PL) is also targeting to book a positive adjusted EBITDA of $6 million to $8 million, versus an earlier outlook of adjusted EBITDA loss amounting to $7 million.
The updated outlook was bolstered by its strong revenue performance in the third quarter of fiscal year 2026, which jumped by 32.4 percent to $81.2 million from $61.3 million in the same period last year.
However, net loss nearly tripled to $59 million from $20 million in the same comparable period.
“We delivered a strong third quarter, marked by continued momentum in the business, accelerated revenue growth, and excellent progress on our profitability goals,” said Planet Labs PBC (NYSE:PL) Chairman and CEO Will Marshall said.
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