Planet Labs PBC announced a seven-figure, one-year agreement with a European defense and intelligence customer. The contract will supply Planet Mosaics and dedicated professional services to provide actionable intelligence for operational planning.

The deal underscores the company’s expanding footprint in the defense sector. Planet Labs PBC, a provider of daily data and insights about change on Earth, stated that the agreement enables timely intelligence delivery across critical areas of interest.

Contract Details

The agreement includes dedicated professional services support alongside the mosaic data supply. This combination aims to enhance the customer’s operational planning capabilities through timely and actionable insights.

What the Numbers Show

The disclosure of a "seven-figure" value indicates a contract worth between $1 million and $9.99 million. While the exact amount is not specified, the commitment from a European defense client highlights demand for commercial satellite imagery in government security applications.

Planet Labs PBC (NYSE: PL) is set to report second-quarter fiscal-year 2027 earnings on September 3 after market close. Investors are closely monitoring the company's defense segment expansion and order backlog as key indicators of future revenue visibility.

Earnings Estimates and Prior Performance

Analysts project a loss of 2 cents per share for the quarter, alongside revenue estimates of $104.12 million. This follows a strong prior quarter where Planet Labs reported an EPS of negative 3 cents, beating the consensus estimate of negative 4 cents by 25%. Revenue for that period stood at $94.15 million, surpassing the consensus estimate of $89.85 million by 4.78%.

Backlog and Segment Growth

The defense and intelligence segment remains the primary growth driver, having expanded more than 65% year-over-year in the previous quarter. Investors will track updates on international contract wins and the pace of Pelican satellite deployments.

Key visibility metrics at the end of the first quarter included:

Full-year fiscal 2027 guidance remains set at revenue between $425 million and $441 million. Adjusted EBITDA guidance ranges from breakeven to $10 million, with management focusing on progress toward sustained positive free cash flow.

Technical Setup

Planet Labs shares are trading below all major moving averages, signaling a defensive technical posture. The stock trades:

• 13.8% below its 20-day SMA
• 19.6% below its 50-day SMA
• 37.7% below its 100-day SMA
• 27.3% below its 200-day SMA

A death cross occurred in August, with the 50-day SMA falling below the 200-day SMA. The MACD indicator sits below its signal line with a negative histogram, suggesting fading upside momentum.

Key Price Levels

Near-term trading levels are tight ahead of the earnings release:

• Key Resistance: $21.00 — A round-number area that may cap rebounds.
• Key Support: $19.50 — A nearby floor traders may defend.

At the time of publication, Planet Labs shares were trading 1.91% lower at $19.47.