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Planet Labs posts $116.1 million record quarter as Snowflake hits 52-week high

9/5/2026

$116.1 million in fiscal second-quarter revenue marks a company record for Planet Labs PBC (NYSE: PL), up 58% year over year for the period ended July 31.

Snowflake (NYSE: SNOW) reported $1.6 billion over the same quarter, a 35% YoY gain driven by AI-related consumption growth.

The post-earnings moves left Snowflake trading at a 52-week high of $384.56 on September 3, while Planet Labs retained the tighter valuation on a price-to-sales basis.

Full-year scorecard Planet Labs closed FY 2026 with $307.7 million in revenue, 25.9% YoY growth. Net loss came in at $246.9 million, a net margin of negative 80.2%, wider than the negative 50.4% posted the prior year.