Planet Labs and Snowflake report strong revenue growth in 2026

Planet Labs PBC and Snowflake are emerging as two prominent high-growth stocks in the tech sector, attracting attention from investors. Planet Labs operates a fleet of around 200 satellites that provide daily Earth-imaging data and analytics. Meanwhile, Snowflake offers a cloud-based AI Data platform for data engineering and analytics. The choice between these two companies reflects a growing demand for specialized data solutions, particularly as businesses increasingly rely on data for decision-making.

The backdrop for this evaluation comes amid a rapidly evolving data economy. As organizations seek efficient ways to manage and analyze vast amounts of information, both Planet Labs and Snowflake are positioning themselves as key players. Planet Labs recently secured contracts with NATO and the Swedish government, expanding its reach in sectors like agriculture and energy. In the fiscal year 2026, Planet Labs reported revenue of $307.7 million, marking a 25.9% increase from the previous year. However, the company also faced a significant net loss of $246.9 million, reflecting a net margin of negative 80.2%, which raises concerns about financial stability.

Snowflake, on the other hand, is making strides with its consumption-based model, serving 790 clients from the Forbes Global 2000. In FY 2026, Snowflake's revenue reached $4.7 billion, a growth rate of 29.2%, although it reported a net loss of $1.3 billion. This resulted in a net margin of negative 28.4%, an improvement from the previous year's negative margin. Snowflake's platform is vital for organizations managing data pipelines across various cloud environments, making it a crucial tool in today's data-driven landscape.

Investors must weigh the potential risks and rewards of both stocks. Planet Labs' revenue concentration among a few key customers poses a risk, while Snowflake's broader client base may offer more stability. As 2026 approaches, the performance of these companies will be closely monitored, as their strategies and growth trajectories could have significant implications for the future of the data economy.