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Planet Labs (NYSE: PL) stock fell sharply earlier today ahead of the company’s Q1 2027 earnings announcement, which is scheduled for after market close on June 4, 2026. The earth-imaging satellite operator’s shares have declined roughly 10% in the past 24 hours, despite analyst expectations for continued strong revenue growth in the quarter.
What to Expect from Today’s Earnings
Analysts expect Planet Labs to report approximately $90 million in revenue for the first quarter of fiscal 2027, representing roughly 36% year-over-year growth. The consensus estimate for earnings per share stands at a loss of $0.03. The company will host its earnings call at 5:00 PM ET on June 4, where management will discuss results and provide updated guidance for the full fiscal year.
The anticipated results come as Planet Labs has demonstrated accelerating revenue momentum. In the prior fiscal year 2026, the company reported full-year revenue of $307.7 million, up 26% year-over-year, with fourth-quarter revenue reaching $86.8 million and growing 41% annually. For the full fiscal 2027, management has guided investors to expect revenue between $415 million and $440 million, implying roughly 39% growth at the midpoint.
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Stock Decline Amid Pre-Earnings Uncertainty
The decline in PL stock ahead of today’s announcement reflects a pattern common in earnings season, where investors reassess valuations and positioning before results are released. Historically, Planet Labs shares have moved lower in the immediate aftermath of earnings in about 7 out of 12 previous reports, though the stock has also posted significant gains following strong beats—including a 49.4% surge after the June 2025 earnings report. Management’s ability to sustain the company’s revenue growth trajectory while navigating profitability challenges will likely drive the stock’s post-earnings direction.
Sources
- MarketBeat — Q1 2027 earnings report details and consensus estimates
- TradingView — Stock price performance and 24-hour decline data
- Yahoo Finance — Historical Q4 2026 earnings results and guidance
- Perplexity — FY2027 revenue guidance and analyst expectations
