Nvidia hits $81.6B quarterly revenue on 85% growth; Planet Labs expands from space data

Nvidia reported $81.6 billion（約13兆円） in revenue for the fiscal quarter ended April 26, 2026, marking an 85% increase year-over-year compared to $46.7 billion（約7.5兆円） in the prior-year period. The semiconductor giant achieved a 72% net income margin for the quarter and began full production of its new hardware architecture, Vera Rubin, though the company faced regulatory scrutiny related to export controls. Management expects revenue to accelerate further, forecasting $91 billion（約15兆円） for the next quarter—a figure that would nearly double the $46.7 billion（約7.5兆円） posted in the prior year's Q3 2025.

Planet Labs PBC, a space-based geospatial data company, generated $94.2 million（約150億円） in revenue for its fiscal quarter ended April 30, 2026, representing 42% year-over-year growth from $66.3 million（約110億円） in the prior-year period. The company secured an eight-figure government contract extension during the period. However, Planet Labs posted a -148% net income margin, indicating significant losses relative to revenue. The company's backlog of contracted business rose 72% year-over-year to over $900 million（約1400億円）, signaling that revenue growth will continue. Management guided for next-quarter revenue in the range of $102 million（約160億円） to $107 million（約170億円）, a material increase from $73.4 million（約120億円） in the prior year.

Both companies have demonstrated sequential revenue growth every quarter over the trailing eight quarters shown in company filings. Nvidia's revenue trajectory—growing from $30.0 billion（約4.8兆円） in Q3 2024 to $81.6 billion（約13兆円） in Q2 2026—reflects unprecedented demand for AI infrastructure. Planet Labs' path, from $61.1 million（約98億円） in Q3 2024 to $94.2 million（約150億円） in Q2 2026, demonstrates that the emerging space-based economy is generating real commercial traction, even if at a vastly smaller absolute scale. The magnitude of difference is striking: Nvidia's quarterly revenue is roughly 866 times larger than Planet Labs' on an absolute basis, yet both are experiencing strong customer demand and rising backlog or forward guidance.

Nvidia and Planet Labs operate in fundamentally different business segments, yet both demonstrate the commercial momentum underpinning their respective markets. Nvidia, which provides advanced graphics, computational, and networking solutions, has achieved extraordinary scale—its $81.6 billion（約13兆円） Q2 2026 revenue represents an 85% year-over-year increase. The company commenced full production of its new hardware architecture, Vera Rubin, even as it navigated regulatory scrutiny over export controls. Its forward guidance to $91 billion（約15兆円） next quarter signals an acceleration trajectory that reflects explosive demand for AI semiconductors.

Planet Labs, by contrast, operates at a vastly smaller revenue base ($94.2 million（約150億円） in Q2 2026) but is also expanding rapidly, posting 42% year-over-year growth. The company generates revenue by deploying satellite constellations for geospatial data services and has secured an eight-figure government contract extension. Notably, Planet Labs' backlog grew 72% year-over-year to over $900 million（約1400億円）, indicating that future revenue growth is already contracted. While the company currently operates at a loss (a -148% net income margin), its backlog and growth rate suggest the space-based economy is emerging as a genuine commercial opportunity.

For investors tracking these two businesses, the contrast is instructive: Nvidia's profitability (72% net income margin) combined with accelerating scale reflects mature, high-margin AI infrastructure demand, while Planet Labs' negative margin offset by substantial backlog growth reflects an earlier-stage company still scaling to profitability within an expanding sector.

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