Planet Labs Scores Breakaway Gap On Results, These Space Stocks Fly

Space stocks rallied Friday on a string of positive quarterly results. Planet Labs stock moved to clear a buy point on its fourth-quarter beat and outlook. York Space Systems popped, while Firefly Aerospace pared its early surge.

Satellite imagery and data company Planet Labs (PL) late Thursday reported adjusted earnings of $0, topping expectations for a loss of 5 cents per share. Revenue jumped 41% to a record $86.82 million, also beating views for $78.2 million.

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Planet Labs ended the year with a backlog of $900 million, up 79%. CEO Will Marshall in the release called its fiscal 2026 a “transformational” year, which included launching 40 satellites and landing a research and development partnership with Google (GOOGL) to explore data centers in space.

“We’re leaning in and investing in the huge market opportunity in front of us,” Marshall said. “Just as satellite services were transformative last year, we expect AI to be transformative this year, enabling us to unlock massive markets even faster.”

Planet Labs provided a Q1 revenue guidance of $87 million to $91 million, while analysts expect $87.1 million for the quarter.

The company expects full-year revenue to range from $415 million to $440 million, well above FactSet forecasts for $380 million.

Planet Labs stock spiked 26% Friday to score a breakaway gap buying opportunity above a 27.57 entry for a cup-with-handle base.

Shares on the move cleared their prior Jan. 16 record high of 30.90.

Planet Labs stock already rallied almost 72% this year.

Firefly Aerospace, York Space Systems Jump

Launch services and space vehicle provider Firefly Aerospace (FLY) on Thursday reported its Q4 loss improved to 38 cents per share from a loss of 51 cents per share last year. Analysts expected a loss of 47 cents. Revenue soared about 538% to $57.67 million, also ahead of views for $52.4 million.

Firefly expects 2026 revenue to range from $420 million to $450 million, while FactSet expects $429.3 million in revenue for the year.

FLY stock pared its Friday advance to 1.1%, after an early attempt to rebound above its 50-day line.

It jumped 4% early Friday, and attempted to rebound above its 50-day line. Shares are up less than 4% in 2026.

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Satellite maker York Space Systems (YSS) reported its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) improved to a loss of $1.4 million from a loss of $4 million last year. Revenue jumped 37% to $105.35 million. Analysts polled by FactSet expected an EBITDA loss of $3.5 million on $102.7 million in sales.

York expects to achieve positive EBITDA in 2026, with 2026 revenue between $545 million and $595 million. The company expects 70% of the revenue, at the midpoint, to come from its existing backlog. The midpoint of that guidance was also ahead of FactSet views for $567 million in sales for the year.

YSS stock rallied more than 19% Friday. Shares have retreated almost 38% since their Jan. 29 IPO, which launched trading at 34 per share.

You can follow Harrison Miller for more stock news and updates on X/Twitter @IBD_Harrison.

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