Planet Labs PBC reported fiscal 2027 second-quarter revenue of $116.05 million, up 58% year over year and above the $104.12 million analyst estimate. The company posted a loss of $0.03 per share, missing the expected $0.02 loss. Net loss narrowed to $9.4 million from $22.6 million a year earlier, while non-GAAP gross margin fell to 59% from 61%. Recurring annual contract value accounted for 98% of total ACV at quarter-end. Shares rose 6.32% to $19.51 in extended trading. CEO Will Marshall said the quarter marked the company’s fourth consecutive period meeting or exceeding the Rule of 40.