US Stock Market Move | Raise 2026 revenue expectations for Planet Labs PBC (PL.US) soar over 36%

On Monday, Planet Labs PBC (PL.US) surged over 36%, reaching a new three and a half year high of $8.91. On the news front, the company's second quarter revenue increased by 20% year-on-year, reaching a record $73.4 million, which is double analysts' expectations. Additionally, Planet Labs PBC also raised its revenue forecast for the 2026 fiscal year to $281 million to $289 million, higher than the range of $265 million to $280 million given in June.