Planet Labs (NYSE:PL) Q2 Earnings Preview: Satellite Imaging Stock Analysis

• Planet Labs (NYSE:PL) is set to release its Q2 earnings, with analysts anticipating a loss of $0.02 per share, marking a 33.3% improvement year-over-year.
• The company's stock has experienced a significant decline from its peak, currently trading 27% below its 200-day average and testing a critical long-term support level.
• Despite current unprofitability, Planet Labs demonstrates strong future growth potential with its backlog increasing by over 70% year-over-year, driven by its defense and intelligence segment.

Planet Labs PBC (NYSE:PL) is a satellite imaging company that provides daily global data and insights. The company is scheduled to release its second-quarter earnings report on September 3, 2026, after the market closes. As highlighted by Barrons, Planet Labs is one of several key companies, including Broadcom (NASDAQ:AVGO) and Dell Technologies (NYSE:DELL), reporting earnings during a week of important economic updates.

Wall Street anticipates Planet Labs will report a loss of approximately $0.02 per share. This figure represents a 33.3% improvement compared to the same quarter last year. For the quarter, revenue is estimated to be around $104.12 million. In the prior quarter, the company met expectations with a loss of $0.03 per share.

The company's stock has fallen significantly from its record peak of $51.76. As noted by Benzinga, the stock is trading 27% below its 200-day average. It is currently testing a long-term support level at its 320-day moving average. This technical indicator is often used by investors to gauge the long-term trend of a stock. The company's debt-to-equity ratio, a measure of financial leverage, stands at 1.10.

Investors are closely watching key growth metrics. At the end of the first quarter, the company's backlog, which represents future contracted revenue, was approximately $906 million. This is an increase of over 70% year-over-year, with its defense and intelligence segment growing by more than 65% in the same period.