CHPT

What a fantastic six months it’s been for ChargePoint. Shares of the company have skyrocketed 60.9%, hitting $8.74. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move. Is now the time to buy ChargePoint, or should you be careful about including it in your portfolio? See what our analysts have to say in our full research report, it’s free. We’re glad investors have benefited from the price increase, but we’re sitting this one out for now. Here are three reasons why CHPT doesn’t excite us, plus one stock we’d rather own. Long-term growth is the most important, but within industrials, a stretched historical view may miss new industry trends or demand cycles. ChargePoint’s recent performance marks a sharp pivot from its five-year trend as its revenue has shown annualized declines of 1% over the last two years. Free cash flow isn’t a prominently featured metric in company financials and earnings releases, but we think it’s telling because it accounts for all operating and capital expenses, making it tough to manipulate. Cash is king. ChargePoint’s demanding reinvestments have drained its resources over the last five years, putting it in a pinch and limiting its ability to return capital to investors. Its free cash flow margin averaged negative 46.5%, meaning it lit $46.50 of cash on fire for every $100 in revenue. As long-term investors, the risk we care about most is the permanent loss of capital, which can happen when a company goes bankrupt or raises money from a disadvantaged position. This is separate from short-term stock price volatility, something we are much less bothered by. ChargePoint burned through $68.42 million of cash over the last year, and its $236.9 million of debt exceeds the $95.73 million of cash on its balance sheet. This is a deal breaker for us because indebted loss-making companies spell trouble. Unless the ChargePoint’s fundamentals change quickly, it might find itself in a position where it must raise capital from investors to continue operating. Whether that would be favorable is unclear because dilution is a headwind for shareholder returns. We remain cautious of ChargePoint until it generates consistent free cash flow or any of its announced financing plans materialize on its balance sheet. ChargePoint isn’t a terrible business, but it doesn’t pass our bar. Following the recent surge, the stock trades at $8.74 per share (or a forward price-to-sales ratio of 0.5×). The market typically values companies like ChargePoint based on their anticipated profits for the next 12 months, but it expects the business to lose money. We also think the upside isn’t great compared to the potential downside here - there are more exciting stocks to buy. We’d recommend looking at a dominant aerospace business that has perfected its M&A strategy. ONE MORE THING: Top 6 Stocks for This Week. This market is separating quality stocks from expensive ones fast. AI is taking down whole sectors with no warning. In a rotation this fast, you need more than a list of good companies. Our AI system flagged Palantir before it ran 1,662% between October 2022 and February 2026. AppLovin before it ran 753% between February 2024 and February 2026. Nvidia before it ran 1,178% between January 2023 and February 2026. Each week it produces 6 new names that pass the same tests. Get Our Top 6 Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+214% between June 2020 and June 2025). Find your next big winner with StockStory today.

ChargePoint Holdings (CHPT) has given investors a dramatic post-earnings catalyst, with shares surging almost 75% intraday after the electric-vehicle (EV) charging company delivered a stronger-than-expected second-quarter fiscal 2027 report. Revenue jumped 18%, while topping the company’s guidance, and non-GAAP gross margin reached a record 38%. The results suggest that ChargePoint’s turnaround is gaining traction, with improving margins, lower operating expenses, and stronger charging-system demand providing a more credible path toward profitability. ‘Not Tens Of Billions, But Tens Of Trillions’: Nvidia CEO Jensen Huang Says AI Is Like the New Electricity and the Scale Is Unlike Any Tech in History What It Means for MSFT Stock Investors as Microsoft Switches to 2 Business Segments RKLB Stock Jumps as Rocket Lab Debuts New Solar Cell for Space Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. With CHPT now trading sharply higher after earnings, it remains to be seen whether the rally marks the beginning of a sustained recovery or has already priced in much of the improvement. ChargePoint Holdings is a Campbell, California-based electric vehicle charging infrastructure company that provides charging hardware, cloud-based software, and related services for residential, commercial, fleet, and public charging applications. Founded in 2007, ChargePoint operates one of the largest EV charging networks and serves customers across multiple markets. It has a market cap of approximately $240.3 million. CHPT stock has staged a dramatic rebound in recent trading, sharply reversing its earlier weakness and delivering substantial gains following its latest earnings report. Shares surged massively by 75% on Sept. 3 and another 8.9% on Sept. 4. Although the stock pulled back 5.3% on Sept. 8 and 4.5% on Sept. 9, CHPT is still up 68.9% over the past five days, highlighting the strength of the post-earnings rally. The sharp move has also significantly improved ChargePoint’s year-to-date (YTD) performance. CHPT is up 32% for 2026, putting the stock firmly in positive territory for the year despite its highly volatile trading history. However, the longer-term picture remains challenging. Despite the recent surge, ChargePoint shares were still down 13% over the past year. The contrast between the stock’s powerful short-term momentum and its negative one-year return highlights both the potential of ChargePoint’s turnaround and the considerable volatility that remains around the company. CHPT stock currently trades at a discount to industry peers at 0.59 times sales. ChargePoint Holdings reported its second-quarter fiscal 2027 financial results on Sept. 2, for the quarter ended Jul. 31. Revenue increased 18% year-over-year (YoY) to $116.1 million. Within that total, networked charging systems' revenue jumped 25% to $62.9 million, while subscription revenue rose 10% to $43.7 million from $39.9 million. The performance was particularly notable because ChargePoint had guided for second-quarter revenue of $100 million to $110 million, meaning the company exceeded the top end of its forecast. Profitability also showed meaningful improvement. Its non-GAAP gross margin increased to 38% from 33%. ChargePoint noted that margin figures benefited by four percentage points from tariff refunds. Even excluding that benefit, however, the YoY direction was favorable. Moreover, the company made significant progress in controlling expenses. Its non-GAAP operating expenses fell 11% to $52.3 million from $58.6 million. On the other hand, the non-GAAP net loss contracted 72% to $9.2 million from $33 million. Its adjusted loss per share came in at $0.35, better than expected. Perhaps the clearest indicator of the improving cost structure was that adjusted EBITDA loss shrank 78% to $4.8 million. ChargePoint ended the quarter with $95.7 million in cash, cash equivalents, and restricted cash as of Jul. 31. The company also highlighted several commercial developments, including early-access shipments of its Express Solo charger, an expanded partnership with Eaton (ETN), a new fleet-charging agreement with Mercedes-Benz (MBGYY) for business customers in the U.K. and Germany, and new charging deployments with Optimus Energy Solutions and Onvo. For the third quarter of fiscal 2027, ChargePoint expects revenue of $105 million to $115 million for the quarter ending Oct. 31. The guidance suggests that management expects the recent momentum to continue into the second half of fiscal 2027, although the range remains below the $116.1 million reported in the second quarter. Nevertheless, if it can continue growing revenue while narrowing its operating losses, the latest results could strengthen the case for a longer-term turnaround in CHPT. Meanwhile, analysts anticipate loss per share to improve 34.3% YoY to $4.82 in fiscal 2027 and again 19.9% to $3.86 in fiscal 2028. Despite the post-earnings rally, analysts remain cautious, as the company's path to sustained profitability is still unproven and the recent surge might leave limited room for further near-term upside. B. Riley Securities analyst Ryan Pfingst maintained a “Neutral” rating on Sept. 4 but raised the price target to $8 from $6 following ChargePoint’s earnings report. B. Riley viewed the earnings improvement positively but remained cautious about the valuation after the stock’s rally. Needham analyst Chris Pierce maintained a “Hold” rating on ChargePoint following the company’s second-quarter results. Oppenheimer also gives a “Hold” rating for CHPT, reinforcing the cautious tone among analysts immediately following earnings. CHPT stock has a consensus “Hold” rating overall. Out of 10 analysts covering the stock, nine recommend a “Hold” rating, and one offers a “Strong Sell.” CHPT is currently trading at a premium to the average analyst price target of $6.92 and the Street-high target price of $8. On the date of publication, Subhasree Kar did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

Image source: The Motley Fool. Wednesday, Sept. 2, 2026 at 4:30 p.m. ET Head of Investor Relations - Audrey Dion Chief Executive Officer - Richard Wilmer Chief Financial Officer - Mansi Khetani Operator: Hello, everyone. Thank you for joining us and welcome to the ChargePoint Second Quarter 2027 Earnings Call. [Operator Instructions] I will now hand the conference over to Audrey Dion, Head of Investor Relations. Audrey, please go ahead. Audrey Dion: Good afternoon and thank you for joining us on today's conference call to discuss ChargePoint's second quarter fiscal 2027 earnings results. This call is being webcast and can be accessed on the Investor section of our website at investors.chargepoint.com. With me on today's call are Rick Wilmer, our Chief Executive Officer, and Mansi Khetani, our Chief Financial Officer. This afternoon, we issued a press release announcing results for the quarter ended July 31, 2026, which can be found on our website. We'd like to remind you that during the conference call, management will make forward-looking statements, including our outlook for the third quarter of fiscal 2027. These forward-looking statements involve risks and uncertainties, many of which are beyond our control and could cause actual results to differ materially from our expectations. These forward-looking statements apply as of today, and we undertake no obligation to update these statements after the call. For a more detailed description of certain factors that could cause actual results to differ, please refer to our Form 10-Q filed with the SEC on June 8, 2026, and our earnings release posted today on our website and filed with the SEC on Form 8-K. Also, please note that we use certain non-GAAP financial measures on this call, which we reconcile to GAAP in our earnings release and for certain historical periods in the investor presentation posted on the Investor section of our website. And finally, we'll post a transcript of this call on our Investor Relations website under the quarterly results section. Thank you. I will now turn the call over to our CEO, Rick Wilmer. Richard Wilmer: Good afternoon, and thank you for joining us. Q2 was an exceptional quarter for ChargePoint that demonstrates why we believe we are the definitive leader in intelligent electrification and e-mobility. We meaningfully exceeded the top of our guidance range, delivered record gross margins, and achieved essentially 0 cash burn. We also began shipping early access units of Express Solo, which is the first product based on what we consider to be the fastest, most advanced DC charging architecture ever developed. In partnership with Eaton, we are building the intelligent energy infrastructure of the future that will supercharge the energy transition, including autonomous vehicles and electric fleets. We are building for what is coming, not just what is here today. We delivered revenue of $116 million in Q2, a decisive beat above the top end of our guidance range and our strongest quarter in recent history. This result represents 18% year-over-year growth and also marks our fourth consecutive quarter of year-over-year growth. More than 80% of the Fortune 50 are ChargePoint customers, and many of the leading fleet electrification companies in the world run on our platform. This is the result of disciplined execution against our 3-year strategic plan, operational excellence, and our steadfast commitment to innovation. Our gross margins hit an all-time record as a public company this quarter. Part of this included non-recurring tariff refunds, but even excluding that benefit, the normalized gross margin still set a new record. That is the business model working exactly as designed, sustained pricing discipline, relentless focus on cost, operational excellence, and the compounding power of our higher-margin software and subscription revenues. As Express Solo and our compelling new single-port AC product enter the market, we expect this trajectory to accelerate. Our industry-leading full stack intelligent electrification platform is being validated as a driver for both growth and strong margins. We also achieved effectively 0 cash burn in Q2. Our capital-light model is a structural competitive advantage. We grow revenue, expand margins, and do not consume significant cash on capital assets to do so. We are on a clear trajectory towards adjusted EBITDA-positive. Our operating expenses this quarter reduced further compared to the prior quarter, and we expect another reduction in the third quarter. This has been accomplished without compromises to execution or the scope of what we do. Guided by our excellent leadership team, AI is fundamentally changing how we operate. Our AI initiatives are compressing software development cycles, automating business processes, and enabling us to accomplish more with less. We are continuously adapting our organizational structure as a result, which means we are flatter with broader spans of control. This new operating model leads to an organization that is simultaneously accelerating growth, delivering faster, and becoming more efficient. That combination will drive sustainable operating leverage that compounds over time. A core pillar of this third year of our 3-year strategic plan is driving growth. We are executing with our fourth quarter of sequential year-over-year growth, and now we aim to accelerate further. Accordingly, we are focused on revenue enablement. We are building a world-class sales and marketing engine with a significant emphasis on Europe, and we're putting elite leadership in place to run it. A critical recent addition to our team is John Saffrett, who has joined ChargePoint as Executive Vice President and Managing Director of Europe. John is a proven enterprise operator with deep regional expertise and a track record of building and scaling organizations across European markets. Our pipeline is expanding, and customer confidence in our platform has never been higher. Express Solo, the first product based on what we consider to be the most advanced DC charging architecture on the planet, will be a key driver for accelerating growth. We co-engineered Express with Eaton with an uncompromising focus on performance, scalability, energy density, and economics that we believe is unmatched. Early access units have begun shipping, and the demand signal from customers has been exceptional. Access units are substantially committed, backlog is building, and the market is telling us exactly what we expected. Express is the product the industry has been waiting for. In terms of performance of Express, let me put a number on it. We recently demonstrated a 600-plus kilowatt charge on a passenger vehicle at our headquarters. We charged the car from 10% to 80% state of charge in just 11 minutes. I want to be clear that is not a theoretical benchmark, that is not a laboratory result, it is a live demonstration on a production system based on the Express architecture that was developed internally by ChargePoint down to every single component. This is the future of refueling, and ChargePoint intends to lead it. ChargePoint Express is a platform that unlocks entirely new markets for ChargePoint. Ultra-high-power highway corridors, autonomous vehicle fleet depots where 24/7 uptime is mission-critical, and premium charge point operator deployments where speed, reliability, and density are non-negotiable. And looking further ahead and in partnership with Eaton, we think Express's architecture positions us for emerging opportunities in adjacent markets that will require exactly the kind of intelligent, high-density power delivery that Express was designed to provide. We are building for the next decade, not just the next quarter. We expect that Express will be a significant revenue driver as it scales as we enter into FY '28 and have started taking orders and building backlog. Globally, the long-term case for EV adoption continues to strengthen, and we are seeing meaningful real-time market dynamics that support continued growth for ChargePoint. In North America, the economic argument for EV ownership has never been stronger. CNBC reported that average U.S. gas prices were approximately $4.10 per gallon as of late July, up roughly 31% from 1 year ago. That cost differential has a direct impact on consumer purchasing decisions with Cox Automotive reporting used EV sales reaching 42,923 units in May, up 5.5% month-over-month and 24.7% year-over-year. New EV models continue to enter the market across a widening range of price points, expanding the addressable population of EV buyers. And once consumers go electric, they stay. According to J.D. Power's 2026 U.S. Electric Vehicle Ownership Survey, 96% of EV owners would consider purchasing or leasing another EV even without the now-expired federal tax credit. In Europe, there are even stronger tailwinds. EV sales climbed 33% year-over-year in July, with year-to-date growth of 28%. France, Germany, and Britain posted EV sales growth of 81%, 46%, and 43%, respectively in July alone. In the U.K., electrified vehicles filled every spot on Auto Trader's top 10 fastest-selling used car rankings in July, which is the first time no petrol or diesel models appeared on that list. European subsidies continue to support demand. Regulatory tailwinds are durable, and ChargePoint's position in Europe, strengthened by John Saffrett's appointment and our growing install base, positions us well to benefit from this sustained growth. Let me frame the growth opportunity. We see 4 vectors that will define ChargePoint's trajectory, and we have a defensible position in every single one: First, autonomous vehicles. Every major AV platform will need reliable, high-uptime, high-throughput charging infrastructure at scale. ChargePoint is already a charging partner for leading AV companies, and Express was purpose-built for this use case. Second, truck electrification in Europe. The commercial vehicle transition is accelerating under regulatory mandate, and our product portfolio and established European presence give us a first-mover advantage. Third, metro transit. Our transit wins are proof points, and we see significant opportunity in this market. Fourth, charge point operators demanding super-fast charging. Express fundamentally changes the economics for CPOs operating high-utilization sites. The 600-plus kilowatt capability is the best in the world, and it creates a value proposition that our competitors simply cannot match today. Our customer wins this quarter are strategic proof points. We announced the continued expansion of our long-standing relationship with Mercedes-Benz, extending our work together to simplify fleet electrification for Mercedes commercial customers in the U.K. and Germany. When one of the most iconic automotive brands in the world chooses to go deeper with ChargePoint, that tells you everything you need to know about the quality and reliability of our intelligent electrification platform. This relationship continues to grow in scope because we deliver. We announced a deal with Optimus Energy Solutions, a leading charge point operator in the United States, to grow its charging network by more than 200 DC ports across the Southeast. Optimus chose ChargePoint because when you are scaling a high-utilization network, there is only 1 platform that delivers the full-stack, hardware, software, network management, and a rich suite of services. That is ChargePoint. We announced a deal with Onvo, a Pennsylvania-based travel stop company, to deploy DC fast charging solutions at a dozen travel stops along major highways in the Northeast. Highway corridor charging is a strategically important and growing segment, and Onvo's deployment represents the kind of high-visibility, high-utilization infrastructure that benefits most from ChargePoint's platform capabilities. We announced a significant deployment at Portland International Airport in Oregon that is redefining how airports approach rental car electrification. Airports are an underserved and rapidly evolving market for EV infrastructure, and this installation serves as a model for how ChargePoint can address that opportunity at scale. In Rhode Island, our partnership with the Office of Energy Resources, which dates back to 2014, continues to expand. More than 140 charging ports across approximately 95 sites are now active. We recently deployed a new DC fast charging site in Newport and additional DC fast charging sites are expected to come online as the year progresses. This long-tenured government partnership is a strong example of how ChargePoint builds durable multi-site infrastructure programs at the state and regional level. In partnership with Eaton, we also commenced a new collaboration with the Santa Monica Department of Transportation to enable the agency's transition to a 0-emission Big Blue Bus fleet by 2032. As part of Santa Monica's $56 million investment in electric transit fleet infrastructure, the project combines ChargePoint's DC fast charging solutions and powerful fleet software with Eaton's electrical infrastructure and energy management solutions to power one of the nation's most ambitious public transit electrification programs. Big Blue Bus plans to deploy 130 DC fast charging ports exclusively featuring the Express Plus line of ChargePoint equipment powered by Eaton. I want to spend a moment on our partnership with Eaton because it is becoming one of the most powerful strategic alliances in the energy infrastructure space. This is a deep co-engineered technology and go-to-market partnership that is creating products and solutions neither company could build alone. We are building jointly, selling jointly, and winning jointly across product development, go-to-market execution, and customer-facing solution design. The joint solutions we have developed address a massive unmet need in residential, commercial, and industrial deployments, where electrical infrastructure, intelligent power management software, and charging hardware must work together as one integrated system. No other partnership in this industry can offer what ChargePoint and Eaton deliver together. Customer interest in our joint offerings is accelerating. The pipeline of co-developed opportunities continues to build, and we are converting that pipeline into wins with customers who recognize that this integration is a genuine advantage. As the world's leading intelligent power management company, Eaton brings scale, global distribution, and 100-plus years of electrical infrastructure expertise. ChargePoint brings the most intelligent and performant charging platform, the best software, and relentless product innovation. Together, we are redefining the category. Turning to our key performance indicators, software-only managed ports, defined as third-party hardware ports managed by the ChargePoint software platform, grew to 138,750 from 135,000 last quarter. Share of ports exceeding 30% utilization at least 1 day in a month, an important leading indicator for expansion demand, reached 141,000 AC ports compared to slightly over 100,000 AC ports in April 2026. This increase is partly attributable to a change in how utilization is calculated for individual session times. Monthly active users, the equivalent of our user community, increased to 1.55 million versus 1.48 million active users at the end of April. ChargePoint now manages approximately 422,000 ports, up from 406,000 ports last quarter, including more than 46,950 DC fast chargers, up from 44,650, and more than 150,000 ports located in Europe, up from 145,000. Globally, ChargePoint drivers have access to almost 1.5 million public and private charging ports versus slightly over 1.4 million last quarter. In summary, our Q2 results further reinforce that ChargePoint is executing against our 3-year strategic plan. We beat significantly on revenue at $116 million. We delivered all-time record gross margins and effectively burned 0 cash. We began shipping Express, the most advanced DC charging architecture in the world, to meet strong early demand. We put elite leadership in place in Europe with the addition of John Saffrett, and we continue to transform our organization with AI at the core, and we expanded strategic relationships with customers across CPO, fleet, government, transit, and automotive segments, including more than 80% of the Fortune 50. ChargePoint is a capital-light, AI-enabled, intelligent electrification platform with the most powerful and differentiated solutions in the industry. Growing recurring software and services revenue, the strongest strategic partnership in the space with Eaton, expanding operating leverage, and a central role in the electrification of transportation, autonomous mobility, and the broader energy transition. The fundamentals of our business and our market are compounding. The opportunity ahead of us is exceptional, and ChargePoint is built to capture it. Thank you for your continued support. I'll now turn the call over to Mansi. Mansi Khetani: Thanks, Rick. As a reminder, please refer to our earnings press release for a reconciliation of our non-GAAP results to GAAP. Our principal exclusions are stock-based compensation, amortization of intangible assets and certain costs related to restructuring, settlements and nonrecurring legal expenses. Second quarter revenue came in at $116 million above our guidance range of $100 million to $110 million, up 14% sequentially and up 18% year-over-year, marking our fourth consecutive quarter of year-over-year revenue growth. The beat was mainly due to stronger-than-expected hardware shipments, particularly higher home sales. Breaking that down, network charging systems revenue was $63 million, or 54% of total revenue, up 18% sequentially and up 25% year-over-year. Subscription revenue was $44 million or 38% of total revenue up 7% sequentially and up 10% year-over-year. Other revenue was $9 million, representing the remaining 8%. Turning to verticals, which we report on a billings basis, second quarter billings percentages were; commercial 69%; fleet, 11%; residential, 10%; and other 11%. Geographically, North America accounted for 82% of revenue with Europe at 18%. Non-GAAP gross margin was 38%, up 7 percentage points sequentially and up 5 percentage points year-over-year. Results included approximately $4 million of tariff refunds recognized as a one-time reduction to cost of goods sold. Excluding this benefit, non-GAAP gross margin would have been approximately 35%, reflecting a 3 percentage point sequential improvement and a 2 percentage point increase compared to the prior year period. The underlying margin expansion reflects continued operational improvements across the business supported by economies of scale. Looking ahead, we expect gross margins to remain generally in line with these normalized levels for the balance of the fiscal year. Hardware gross margin was 21%, up 13 percentage points sequentially, benefiting in part from the previously discussed tariff refunds. Underlying hardware margin trends also improved as a result of ongoing operational efficiencies and mix of products sold. Subscription gross margin rose to 59% on a GAAP basis and was higher on a non-GAAP basis, demonstrating the strong profitability profile of our subscription revenue and continued leverage within the model. Non-GAAP operating expenses declined to $52 million from $54 million in Q1, representing a 4% sequential reduction and an 11% decrease year-over-year, reflecting our continued focus on cost management. In late July, we completed a company-wide cost optimization initiative that is expected to drive additional operating expense reductions. As a result, we expect non-GAAP operating expenses to be below $50 million on a quarterly basis for the rest of the year. Non-GAAP adjusted EBITDA loss narrowed significantly to $5 million compared with a loss of $19 million in the prior quarter and $22 million in the second quarter of last year. Stock-based compensation was $11 million, flat sequentially and down from $18 million in the second quarter of last year. Our inventory balance decreased nicely this quarter to $179 million from $204 million in the prior quarter as we sold through inventory on hand. We have consistently highlighted the cash flow benefits associated with reducing inventory, and that dynamic played out as expected this quarter. As inventory levels declined, working capital was released and converted into cash, helping to fund operations while preserving our liquidity. We expect inventory to continue declining over the course of the year, which should further improve working capital efficiency and support additional cash generation. On the cash side, we ended the quarter with $96 million of cash, unchanged from Q1, reflecting essentially 0 cash usage during the period. This outcome reflects the combined benefit of improved adjusted EBITDA and strong execution on our inventory reduction initiatives, as mentioned previously. Turning to guidance. For the third quarter of fiscal 2027, we expect revenue of $105 million to $115 million, representing 4% year-over-year growth at the midpoint. In summary, this quarter demonstrated significant progress across our key financial and operational objectives. We delivered sequential and year-over-year revenue growth, achieved record high gross margins and reduced operating expenses, resulting in improved profitability while lowering cash usage through disciplined execution and cash management. We are committed to building on this momentum and driving continued progress towards sustainable growth, greater operating leverage and profitability in the quarters ahead. With that, we'll open the call for questions. Operator: [Operator Instructions]. Your first question comes from the line of Colin Rusch with Oppenheimer. Please go ahead. Colin Rusch: Guys, can you just talk about the sustainability of margins? Obviously, you've made a ton of progress here. I just want to get a sense of how much of that is related to a little bit better revenue here moving through mix and the growth in subscriptions and how we should think about that trajectory and margin on a go-forward basis? Mansi Khetani: Colin, thanks for the question. So overall, on a normalized basis, margins improved to 35%, and this is mostly due to the improvement in hardware margins. Subscription margins also improved sequentially because of economies of scale. But on the hardware margin side, the increase was because of scale because we did have higher revenue, so there was better absorption of fixed costs. But there were also improvements in warranty costs, inbound freight costs, warehousing costs, just overall improvements in all operating costs across the board. Going forward, we expect margins to be in the normalized level. I forgot to mention, product mix was an important factor as well. We did sell more of the higher-margin AC products this quarter compared to the previous quarter. So that gave us a boost to the margins. And so going forward, if mix remains the same, we should expect overall margins to remain around this normalized level. If mix shifts a little bit, maybe we end up a point to lower here or there. Colin Rusch: And then in terms of the go-forward technology development, now that you've kind of gotten yourself fully reset here and on track. How should we think about the other product development cycles and cadence of new introductions? Is this kind of an 18-month, 24-month sort of cadence? Or are there going to be incremental adjustments that we can think about on an ongoing basis? Richard Wilmer: Yes. I think, Colin, the innovation drumbeat is going to continue as far into the future as we can see. The Express Solo product that we announced is just the first version of the product off the new DC architecture. There are variants of that product targeted at different vertical markets and use cases that will go into production over the coming 1.5 years. And then alongside that, we've also got new innovation coming on all of our different products from our single port AC product through our dual port AC products and even future road map around DC beyond the Express platform. Operator: Your next question comes from the line of Chris Dendrinos with RBC Capital Markets. Please go ahead. Christopher Dendrinos: I wanted to ask maybe just about like customer refresh cycles and how much of the demand or product sales that you are making maybe on the commercial side of things are new customers versus customers that are refreshing their equipment? And if it's fairly low, like when does that maybe start to kick in? Mansi Khetani: Yes. I mean, typically, our business model is land and expand. So a large percentage of the billings in each quarter comes from prior customers. Mostly expansion, there is some refreshment of older equipment, but equipment is -- the stuff that we've had on the ground isn't that old. So it's still largely new equipment purchased by existing customers. Obviously, we've also been adding a lot of new customers on the fleet side and on the commercial side as well and in Europe as well. Christopher Dendrinos: Got it. And then maybe just on the cash flow side of things, would you expect cash flow for the remainder of the year to maybe slightly improve just given continuation of inventory declines and working capital benefits? Or just maybe broadly, how are you thinking about cash flow trends here going forward. Mansi Khetani: Yes. There are lots of puts and takes on the cash flow forecast. So it's difficult to say with certainty, but we're confident overall that inventory is going to continue to come down and that is going to continue to release cash. As we did this quarter, inventory came down and funded our EBITDA loss, our capital expenses or other working capital requirements resulting in essentially 0 cash usage. Now going forward, inventory will come down. They will continue to be a source of cash, and then EBITDA loss, we've already brought down nicely. So that further reduces the usage of cash. So this was all -- this all kind of supports our progress towards cash flow breakeven. As we've noted previously, could position us to generate positive cash flow later in the year. But again, there are a lot of moving parts. Operator: Your next question comes from the line of Chris Pierce with Needham. Christopher Pierce: If we think back maybe a year or so ago, my timing might not be exact, but the kind of -- there was this idea that inventory will be cleared, which we're starting to see this quarter and then you had sort of moved into Asian manufacturing partnerships and those partnerships would drive higher margin equipment sales. I just -- I kind of want to understand, is that still something we should be expecting? I know Mansi talked about what we should expect the second half of the year, but is that still sort of part of the full thesis here? Or is Express Solo sort of kind of overwhelm that? I just want to understand sort of why we don't hear about that as much anymore. Richard Wilmer: Yes. I think we've largely executed our transition to Asian, it's fully executed, in fact, Chris. So the benefits on the existing portfolio of products that we garnered from our lower-cost manufacturing strategy are now moving through the P&L, and it's partly contributing to the positive margin results you saw us report for the Q2 quarter. Going forward, our product designs are very, very, very cost focused. So I would expect further margin benefit from the new hardware products like Express going into the market because the fundamental cost structure that is dictated by the design not what you do in manufacturing, although we're taking advantage of that is just fundamentally better than what we've had in the past. Christopher Pierce: Okay. Perfect. And then, Mansi, I think you said higher home charging sales helped to drive a portion of the revenue beat. Can you sort of isolate -- should we assume that's in Europe? And if we see continued gas prices where they are, should we think of that as potential upside to guidance? Or is that too onetime to sort of think about how the moving pieces kind of drive the top line? Mansi Khetani: Yes. So there's higher home sales with the phenomenon in Q2, and this was all in North America. These tend to be lumpy around large sale days like Prime Day, Black Friday, et cetera. So we don't expect that bump to happen again in Q3. That's why you see it on the prudent guidance. And then there were also other areas on the revenue side, like higher professional services, we sold more regulated credits. There's an increase in other revenue, as you see. So there were a lot of other factors driving revenue higher than guidance in Q2. Christopher Pierce: Okay. Perfect. And then just lastly, I think, Rick, in your remarks, you talked about adjacent markets for Express Solo. Can you just sort of kind of give us some bit of highlights around what markets we should be thinking about? Richard Wilmer: Stay tuned for more news on that as we take these initiatives to further maturity. Operator: [Operator Instructions]. Your next question comes from the line of Itay Michaeli with TD Cowen. Please go ahead. Itay Michaeli: Great. Rick, I know in the last call, you mentioned how AI initiatives were helping to kind of -- on a lot of fronts, but including on the reduction of OpEx. I'm curious as we saw the reduction in Q2 and the second half outlook, to what extent are those initiatives coming through or maybe kind of how to think about that even prospectively beyond this year? Richard Wilmer: I think the impact is now quantifiable in terms of OpEx. We've done some really impactful work around process -- business process automation that's allowing us to get more done with less. And then repurpose people that had done those jobs into other roles that are more externally facing value-add rather than just running business process. We've also now doubled our productivity on the software engineering side. We're turning out twice as much code as we were previously, thanks to AI. It's also starting to turn up in our products and our services. So the way we support our customers, the amount of support calls that we take with live human beings is being influenced positively by AI. So it really is impactful across the board. It also, interestingly, is having an effect on the way we're set up organizationally and that it's allowing our spans of control to increase without compromising the quality of our leadership or the work -- the amount of work we get done. So we're able to really flatten the organization, increase the pace of decision-making through a flatter organization without compromising the quality of the work or demanding that people work an inordinate amount of hours to do their jobs. Itay Michaeli: That's very helpful. And maybe as a follow-up on just on gross margins. It sounds like the kind of normalized gross margin is about 35% in the quarter. Maybe just remind us on kind of the path to get to maybe your targeted 40% just from here on kind of what has to happen to go up from 35% to about 40%. Richard Wilmer: Yes. There's a number of drivers around that, Itay. Some of those are on the services side. I think there's also opportunities around pricing on the software side that we're beginning to roll out through the course of this year. And then probably the biggest driver is going to be just the fundamental cost structure of the new hardware platforms that we're putting into the market like Express Solo. Operator: Your next question comes from the line of Craig Irwin with ROTH Capital Partners. Craig Irwin: First, I should say, congratulations on getting out ahead of your cost structure and really handling that over the last couple of years. It's been hard work. And with the revenue uptick, it's nice to see the rewards. So I definitely want to make note to say that. Mansi, can you talk a little bit about the gross margin benefit in the quarter from the tariff refunds. Can you maybe unpack for us what the impact of tariffs was in your April quarter? And will we see a similar tariff benefit and is that factored in your guidance for the October quarter that we're currently in? Mansi Khetani: Yes. Thanks for the comments, Craig. So on the tariff question, so we had incurred these tariffs over the last 3, 4 quarters since they were implemented. We saw -- we got a refund this quarter and majority of that which is about $4.2 million was reflected in Q2's numbers as a onetime reduction to cost of goods sold. So if you -- margins on a non-GAAP basis were 38%. If you take that $4 million out, they were 35% on a normalized basis. Going forward, we don't have any more -- we don't have too much refund remaining. There's a little bit here and there. And as it comes through and as we sell through those products, we'll reflect them on the P&L, but the guidance for continued margins around that normalized level does not include any expectation of further tariff refunds? Craig Irwin: Okay. So then just to be crystal clear on that, you seem to be expecting a reduction in tariff benefit in your upcoming quarter, but continued fundamental improvement in the product portfolio and the margins you're generating cash impact, et cetera. Is that a clear way to put it? Mansi Khetani: Yes, that is correct. Operator: Your next question comes from the line of Ryan Pfingst with B. Riley Securities. Please go ahead. Ryan Pfingst: You talked about the early access shipments of the Express Solo. Could you just remind us how we should be thinking about that product ramping here in the coming quarters? Richard Wilmer: Yes. Good question. So production is starting now. We've got backlog that we're fulfilling with what we call early access units. If you happen to be in our neighborhood come charge on one that is installed at the back of our building and charging cars every day. We also have one installed at an Eaton innovation center in Pittsburgh. So if you're in that neighborhood, feel free to go charge at that charger. And additional shipments are going out now almost every week or every other week of these early access units and then we ramp into production starting now with production inventory available in our fiscal Q4. Ryan Pfingst: Great. Appreciate that. And then as you guys ramp, is there anything to be aware of from a supply chain perspective or otherwise that could be a potential strain for you guys as you expand here? Richard Wilmer: Generally speaking, we've got this under control. The supply chains have been affected by the AI data center build-out. Obviously, memory prices have increased. We've recognized all of that in our product cost and pricing forecasts. Silicon carbide modules are also in demand due to the data center build out, but we've got strong partnerships there and commitments to the supply chain to get what we need. So we're feeling pretty confident that we've got supply covered for the demand we see now. Operator: This concludes today's call. Thank you for attending. You may now disconnect. Before you buy stock in ChargePoint, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and ChargePoint wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $414,015!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,385,459!* Now, it’s worth noting Stock Advisor’s total average return is 960% — a market-crushing outperformance compared to 213% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of September 9, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. ChargePoint (CHPT) Q2 2027 Earnings Call Transcript was originally published by The Motley Fool

On September 2, ChargePoint Holdings, Inc (NYSE:CHPT) reported stronger-than-expected results for the second quarter of fiscal 2027. Revenue and the company’s loss per share both came in better than Wall Street expectations and the company also reported record non-GAAP gross margin while also highlighting continued progress across its charging business. Q2 revenue increased 18% year-over-year to $116.1 million, exceeding the $105.2 million analyst estimate. ChargePoint Holdings, Inc (NYSE:CHPT) reported an adjusted loss of 35 cents per share, compared with analysts’ expectations for a loss of 85 cents per share, according to average estimates compiled by LSEG. The company also benefited from higher North American home-charging sales, which helped push revenue above expectations. Networked charging systems revenue was up 25% year-over-year as it reached $62.9 million. Subscription revenue increased 10% to $43.7 million. Additionally, the company reported a 78% improvement in its non-GAAP adjusted EBITDA loss, which narrowed sharply to $4.8 million from $22.1 million in the same quarter last year. ChargePoint Holdings, Inc (NYSE:CHPT) expanded its commercial relationships during the quarter as it extended its long-standing partnership with Mercedes-Benz through a new agreement covering charging solutions for fleet operators in the UK and Germany. The company also announced agreements with Optimus Energy Solutions and Onvo that are expected to add hundreds of new charging ports across the eastern US. The company also appointed automotive industry veteran John Saffrett as Executive Vice President and Managing Director for Europe, where he will be overseeing sales, customer relationships, partnerships, and market expansion. Following the results, TD Cowen maintained its Hold rating on ChargePoint Holdings, Inc (NYSE:CHPT) with a $7.50 price target. Oppenheimer also reiterated its Perform rating on the stock. Oppenheimer pointed to early traction from the company’s new products and increased investments in the European Union, where EV adoption continues. The research firm also believes autonomous vehicle charging infrastructure could be approaching an important inflection point and views ChargePoint Holdings, Inc (NYSE:CHPT) as a leading provider in this area. Q3 Guidance Points to Slower Growth Despite the strong second quarter, the company’s outlook suggests that the pace of growth could moderate. The company expects Q3 revenue to be in the range of $105 million to $115 million, with the midpoint implying only 4% year-over-year growth. This would represent a significant slowdown from Q2’s 18% growth. Management also cautioned that the strong performance in North American home-charging sales was a one-time event. CFO Mansi Khetani said the increase in home sales was a Q2 phenomenon and does not expect this boost to repeat in Q3 and this is reflected in the prudent guidance. Additionally, ChargePoint Holdings, Inc (NYSE:CHPT) is still unprofitable as it reported a non-GAAP adjusted EBITDA loss, despite the year-over-year improvement. The company’s gross-margin improvement also included a 4-percentage-point benefit from tariff refunds. This means part of the reported margin improvement came from the tariff-refund benefit rather than underlying business performance Hedge Fund Interest Hedge fund interest in ChargePoint Holdings, Inc (NYSE:CHPT) remained unchanged in the second quarter of 2026. According to Insider Monkey's database, 14 hedge funds held positions in the stock in the second quarter of 2026, the same number as in the first quarter. As of September 4, ChargePoint Holdings, Inc (NYSE:CHPT) shares have gained 40.48% year-to-date. Despite the impressive rally, the stock still trades below its 52-week high of $12.61. However, short interest remains relatively high. As of August 14, short interest stood at 22.59% of the company’s float. At the same time, analysts are not very positive on the stock. As of September 4, the consensus analyst rating was Hold, with a $7.50 price target, implying a potential downside of 24.17%. ChargePoint Holdings, Inc’s (NYSE:CHPT) Q2 results showed clear improvement, especially in revenue growth and adjusted losses. However, the slowdown implied by Q3 guidance, the temporary boost from home-charging sales, and the stock’s relatively high short interest suggest that investors may still want to remain cautious despite of recent improvements. While we acknowledge the potential of CHPT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Rosenblatt Sees Booking (BKNG) as the Best-Positioned Online Travel Agency Despite Challenges and Baird Upgrades Deere (DE) to Outperform on Hopes of Recovery. Disclosure: None. Follow Insider Monkey on Google News.

This article first appeared on GuruFocus. Revenue: $116 million, above guidance of $100 million to $110 million, up 14% sequentially and 18% year-over-year. Network Charging Systems Revenue: $63 million, or 54% of total revenue, up 18% sequentially and 25% year-over-year. Subscription Revenue: $44 million, or 38% of total revenue, up 7% sequentially and 10% year-over-year. Other Revenue: $9 million, representing the remaining 8% of total revenue. Non-GAAP Gross Margin: 38%, up 7 percentage points sequentially and 5 percentage points year-over-year, including approximately $4 million in one-time tariff refunds. Normalized Non-GAAP Gross Margin: Approximately 35%, excluding tariff refunds, reflecting a 3-percentage-point sequential improvement and a 2-percentage-point increase year-over-year. Hardware Gross Margin: 21%, up 13 percentage points sequentially. Subscription Gross Margin: 59% on a GAAP basis, higher on a non-GAAP basis. Non-GAAP Operating Expenses: $52 million, down from $54 million in Q1, a 4% sequential reduction and an 11% decrease year-over-year. Non-GAAP Adjusted EBITDA Loss: Narrowed to $5 million, compared with a loss of $19 million in the prior quarter and $22 million in the year-ago period. Cash Position: Ended the quarter with $96 million in cash, unchanged from Q1, reflecting essentially zero cash usage. Inventory: Decreased to $179 million from $204 million in the prior quarter. Stock-Based Compensation: $11 million, flat sequentially and down from $18 million in the second quarter of last year. Third-Quarter Fiscal 2027 Revenue Guidance: Expected to be $105 million to $115 million, representing 4% year-over-year growth at the midpoint. Warning! GuruFocus has detected 5 Warning Signs with CHPT. Is CHPT fairly valued? Test your thesis with our free DCF calculator. Release Date: September 02, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. ChargePoint Holdings Inc (NYSE:CHPT) delivered a strong Q2 with revenue of $116 million, beating the top end of guidance by $6 million and marking the fourth consecutive quarter of year-over-year growth. The company achieved record gross margins of 38% (35% normalized), driven by operational efficiencies, product mix, and economies of scale. ChargePoint Holdings Inc (NYSE:CHPT) achieved essentially zero cash burn in Q2, supported by inventory reductions and improved adjusted EBITDA, positioning it for potential positive cash flow later in the year. The company began shipping early access units of its new Express Solo DC fast charger, which demonstrated a 600+ kW charge from 10% to 80% in 11 minutes, and is seeing strong demand and backlog. ChargePoint Holdings Inc (NYSE:CHPT) expanded strategic partnerships, including with Eaton for integrated energy infrastructure and with major customers like Mercedes-Benz, Optimus Energy, and Santa Monica's Big Blue Bus, strengthening its market position. ChargePoint Holdings Inc (NYSE:CHPT)'s Q3 revenue guidance of $105-$115 million implies only 4% year-over-year growth at the midpoint, indicating a slowdown from Q2's 18% growth. The company's gross margin improvement was partly due to a one-time $4 million tariff refund, and normalized margins are expected to remain flat for the rest of the year. ChargePoint Holdings Inc (NYSE:CHPT) still reported a non-GAAP adjusted EBITDA loss of $5 million in Q2, though narrowed significantly from prior quarters. The company faces potential supply chain pressures, including rising memory prices and demand for silicon carbide modules due to AI data center build-outs, which could impact costs. ChargePoint Holdings Inc (NYSE:CHPT) noted that higher home sales in Q2 were a one-time bump tied to sales events like Prime Day, and such revenue is not expected to recur in Q3. Q: Can you discuss the sustainability of the record gross margins and how much is related to revenue growth, product mix, and the growth of subscriptions?A: Mansi Khetani (CFO) explained that on a normalized basis, gross margins improved to 35%, driven primarily by improvements in hardware margins due to scale, better absorption of fixed costs, and reductions in warranty, inbound freight, and warehousing costs. Product mix was also a factor, with higher sales of higher-margin AC products. She expects margins to remain around this normalized level, with potential for a point lower if the mix shifts. Q: How should we think about the product development cycle and cadence of new introductions now that the company is reset?A: Richard Wilmer (CEO) stated that the innovation drumbeat will continue, with Express Solo being just the first version off the new DC architecture. Variants targeting different vertical markets will go into production over the next 18 months, alongside new innovations in single-port AC, dual-port AC products, and future DC roadmap beyond the Express platform. Q: How much of the demand on the commercial side is from new customers versus customers refreshing their equipment?A: Mansi Khetani (CFO) noted that the business model is "land and expand," so a large percentage of billings come from existing customers expanding. Since the installed base of equipment is relatively new, refreshment is minimal. The company is also adding many new customers in the fleet, commercial, and European segments. Q: Should we expect cash flow to improve for the remainder of the year given inventory declines and working capital benefits?A: Mansi Khetani (CFO) confirmed that inventory is expected to continue declining, releasing cash. The improved EBITDA loss further reduces cash usage. This supports progress towards cash flow breakeven and could position the company to generate positive cash flow later in the year, though there are many moving parts. Q: Is the transition to Asian manufacturing partnerships still part of the margin thesis, or has Express Solo overshadowed it?A: Richard Wilmer (CEO) clarified that the transition to Asian manufacturing is fully executed. The benefits from lower-cost manufacturing are now flowing through the P&L and contributed to the Q2 margin results. Future margin benefits will come from new hardware products like Express, which have a fundamentally better cost structure dictated by design. Q: Can you isolate the higher home charging sales that drove the revenue beat, and should we expect this to continue?A: Mansi Khetani (CFO) stated that the higher home sales were a Q2 phenomenon, all in North America, and were lumpy around large sale days like Prime Day and Black Friday. This bump is not expected to repeat in Q3, which is reflected in the prudent guidance. Other factors included higher professional services and regulated credits. Q: Can you provide highlights of the adjacent markets for Express Solo?A: Richard Wilmer (CEO) declined to provide specifics, stating to "stay tuned for more news" as these initiatives mature. Q: To what extent are AI initiatives contributing to OpEx reductions, and how should we think about this prospectively?A: Richard Wilmer (CEO) said the impact is now significant and quantifiable. AI has enabled business process automation, allowing more to be done with less and repurposing staff to value-add roles. Software engineering productivity has doubled, and AI is improving customer support. It also allows for a flatter organization with increased spans of control without compromising quality. Q: What needs to happen to get from the normalized 35% gross margin to the 40% target?A: Richard Wilmer (CEO) cited several drivers, including opportunities on the services side, pricing initiatives on the software side rolling out this year, and the fundamental cost structure of new hardware platforms like Express Solo, which is the biggest driver. Q: Can you unpack the gross margin benefit from tariff refunds and whether similar benefits are expected in the October quarter?A: Mansi Khetani (CFO) explained that the company received a refund of approximately $4.2 million in Q2, reflected as a one-time reduction to cost of goods sold. Excluding this, normalized gross margin was 35%. There is little refund remaining, and the guidance for continued margins around the normalized level does not include expectations of further tariff refunds. Q: How should we think about the Express Solo product ramping in the coming quarters?A: Richard Wilmer (CEO) stated that production is starting now, with early access units shipping weekly. The company is fulfilling backlog and ramping into production, with production inventory available in the fiscal fourth quarter. Q: Are there any supply chain constraints that could strain the ramp of Express Solo?A: Richard Wilmer (CEO) said the supply chain is under control. While memory prices and silicon carbide modules have been affected by AI data center build-outs, the company has strong partnerships and commitments to secure supply, feeling confident about covering the demand they see. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

ChargePoint stock climbed more than 70% on Thursday after the electric vehicle charging company reported second-quarter fiscal 2027 results that beat Wall Street expectations on both revenue and earnings. The company reported revenue of $116.1 million for the quarter ended July 31, up 18% from $98.6 million a year earlier. Analysts had expected $105.2 million in revenue and a loss of 85 cents per share, according to CNBC. ChargePoint posted a loss of 35 cents per share on a GAAP basis. Gross margin improved to 36% from 31% a year earlier, the company said. Results included a one-time tariff refund of approximately $4.2 million, but ChargePoint said its normalized gross margin would have set a new record without that benefit. The non-GAAP adjusted EBITDA loss narrowed to $4.8 million from $22.1 million in the same quarter a year ago. GAAP net loss fell to $35.6 million from $66.2 million year-over-year. For the third fiscal quarter ending October 31, ChargePoint guided for revenue of $105 million to $115 million, the company said. President and Chief Executive Officer Rick Wilmer said the results reflected continued operational discipline. "The second quarter was an exceptional quarter for ChargePoint as we exceeded the high end of our guidance, delivered record non-GAAP gross margin, and managed our cash with extreme rigor," Wilmer said in a statement. Wilmer said the stock move was "the beginning of the momentum." He noted that ChargePoint has now posted year-over-year revenue growth in each of the past four quarters. "The growth is starting to accelerate," Wilmer said. "It'll be driven substantially by the new products and technology we're putting into the market." Unlike some EV charging companies, ChargePoint does not own or operate its chargers. Its business model centers on selling equipment, software, and services to businesses and other organizations that want to make charging available at their locations. The company is toward the end of a three-year plan focused on reducing cash burn. Wilmer said ChargePoint is nearing profitability on an EBITDA basis. "We're approaching that quickly, and we want to get there ASAP," he said. During the quarter, ChargePoint extended its partnership with Mercedes-Benz to provide charging solutions for fleet operators in the U.K. and Germany, and announced a new overhead fast charging deployment at Portland International Airport, the company said.

Interested in ChargePoint Holdings, Inc.? Here are five stocks we like better. ChargePoint exceeded its Q2 fiscal 2027 revenue guidance, reporting $116 million, up 18% year over year and marking its fourth consecutive quarter of annual growth. Networked charging systems rose 25%, while higher-margin AC products helped drive normalized gross margin to approximately 35%. Cost reductions and improved operating performance narrowed the non-GAAP adjusted EBITDA loss to $5 million from $19 million in the prior quarter. Cash remained at $96 million, inventory fell to $179 million, and management said positive cash flow could be achievable later this fiscal year. ChargePoint forecast Q3 revenue of $105 million to $115 million and is ramping its high-speed Express Solo DC charging platform, which management expects to become a significant revenue driver entering fiscal 2028. The company also continued expanding its managed charging network, which reached approximately 422,000 ports. ChargePoint's Comeback Story: Why This EV Stock Is Charging Up Again ChargePoint (NYSE:CHPT) reported second-quarter fiscal 2027 revenue of $116 million, exceeding its prior guidance range of $100 million to $110 million, as stronger hardware shipments and higher home charging sales lifted results. Revenue rose 14% sequentially and 18% from a year earlier, marking the company’s fourth consecutive quarter of year-over-year growth. Chief Executive Officer Rick Wilmer said the quarter included record gross margins and “essentially zero cash burn,” while the company began shipping early-access units of its Express Solo DC charging product. The quarter ended July 31, 2026. → AST SpaceMobile Is Down 54%—Can FCC Progress and BlueBirds Reverse the Slide? EVgo's 37% Revenue Growth: Forget the Car, Buy the Gas Station Networked Charging Systems revenue totaled $63 million, representing 54% of total revenue and rising 25% year over year. Subscription revenue was $44 million, or 38% of revenue, up 10% from the prior-year period. Other revenue accounted for $9 million. By billings vertical, commercial represented 69% of second-quarter billings, followed by fleet at 11%, residential at 10%, and other categories at 11%. North America contributed 82% of revenue, while Europe represented 18%. → Palo Alto’s Rally Has One Big Problem Ahead of Earnings ChargePoint Recalibrates: What’s Really Under the Hood Non-GAAP gross margin reached 38%, up seven percentage points sequentially and five points from a year ago. The result included about $4 million of tariff refunds recognized as a one-time reduction in cost of goods sold. Excluding that benefit, normalized non-GAAP gross margin was approximately 35%, still reflecting a three-percentage-point sequential improvement and a two-point year-over-year increase. Chief Financial Officer Mansi Khetani said higher revenue helped improve fixed-cost absorption, while warranty, inbound freight and warehousing costs also improved. Sales of higher-margin AC products contributed to the quarter’s margin performance. ChargePoint expects gross margins to remain generally near normalized levels for the remainder of the fiscal year, though product mix could cause some variation. → Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season Hardware gross margin was 21%, increasing 13 percentage points from the prior quarter. Subscription gross margin reached 59% on a GAAP basis. Non-GAAP operating expenses declined to $52 million from $54 million in the first quarter and were down 11% from a year earlier. Khetani said a company-wide cost optimization initiative completed in late July is expected to reduce quarterly non-GAAP operating expenses to below $50 million for the rest of the year. ChargePoint’s non-GAAP adjusted EBITDA loss narrowed to $5 million, compared with losses of $19 million in the previous quarter and $22 million in the year-earlier period. The company ended the quarter with $96 million in cash, unchanged from the first quarter. Inventory declined to $179 million from $204 million, releasing working capital that helped fund operations. Khetani said ChargePoint expects inventory to continue falling during the year, which could support cash generation. She said the company could be positioned to generate positive cash flow later in the year, though she noted that cash flow remains subject to multiple variables. For the third quarter of fiscal 2027, ChargePoint forecast revenue of $105 million to $115 million. The midpoint of that range would represent 4% year-over-year growth. Management said elevated North American home charging sales contributed to the second-quarter revenue beat but are not expected to recur in the third quarter, as those sales can be concentrated around large retail events. Wilmer said ChargePoint has started fulfilling backlog with early-access Express Solo units and expects production inventory to be available in its fiscal fourth quarter. The company said its Express architecture demonstrated charging above 600 kilowatts on a passenger vehicle, taking the vehicle from 10% to 80% charge in 11 minutes during a live demonstration at its headquarters. The company expects Express to become a significant revenue driver as it scales entering fiscal 2028. Wilmer said the platform is intended for applications including highway corridors, autonomous-vehicle fleet depots and high-utilization charging sites. He also said additional variants of the Express architecture targeting different market segments are expected to enter production over the next year and a half. ChargePoint said it has accounted for supply-chain conditions related to AI data-center construction, including higher memory prices and demand for silicon carbide modules. Wilmer said the company has supplier commitments that support the demand it currently expects. The company also highlighted its partnership with Eaton, which includes jointly engineered products and go-to-market efforts. During the quarter, ChargePoint and Eaton began a collaboration with Santa Monica Department of Transportation for the agency’s planned transition to a zero-emission Big Blue Bus fleet by 2032. The project calls for 130 DC fast-charging ports featuring ChargePoint’s Express Plus equipment, alongside Eaton electrical infrastructure and energy-management offerings. ChargePoint said software-only managed ports, which are third-party hardware ports managed through its software platform, increased to 138,750 from 135,000 in the prior quarter. Total managed ports rose to approximately 422,000 from 406,000, including more than 46,950 DC fast chargers and more than 150,000 ports in Europe. Monthly active users increased to 1.55 million from 1.48 million at the end of April. Globally, ChargePoint drivers had access to nearly 1.5 million public and private charging ports. During the quarter, ChargePoint cited expanded work with Mercedes-Benz for commercial fleet customers in the United Kingdom and Germany; an agreement with Optimus Energy Solutions to add more than 200 DC ports across the southeastern United States; and a planned deployment at 12 Onvo travel stops in the Northeast. The company also discussed airport, government and transit deployments, including charging infrastructure at Portland International Airport and additional fast-charging sites in Rhode Island. Wilmer said ChargePoint is increasing its emphasis on Europe and appointed John Saffert as executive vice president and managing director of Europe. The company also said artificial intelligence initiatives are automating business processes, improving customer support and doubling software-engineering productivity, according to management. ChargePoint (NYSE: CHPT) is a leading provider of electric vehicle (EV) charging solutions that designs, develops and markets charging hardware, software and services. The company's portfolio includes Level 2 AC charging stations for residential, commercial and fleet applications, as well as DC fast charging systems suited for retail, hospitality and public use. ChargePoint's integrated platform enables site hosts to manage charging infrastructure through cloud-based monitoring, analytics and billing tools, while EV drivers access and control charging sessions via a mobile app or RFID card. Since its founding in 2007 and headquarters in Campbell, California, ChargePoint has built one of the largest open EV charging networks in the world. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "ChargePoint Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for September 2026.

Revenue grew 18% year-over-year to $116 million, above the guidance range Subscription revenue grew 10% year-over-year to $44 million GAAP gross margin was 36% and non-GAAP gross margin was 38% Non-GAAP adjusted EBITDA loss was $4.8 million, an improvement from a loss of $22.1 million year-over-year CAMPBELL, Calif., September 02, 2026--(BUSINESS WIRE)--ChargePoint Holdings, Inc. (NYSE:CHPT) ("ChargePoint" or the "Company"), a global leader in intelligent electrification and e-mobility, today reported its financial results for the second quarter of fiscal year 2027, which ended July 31, 2026. "The second quarter was an exceptional quarter for ChargePoint as we exceeded the high end of our guidance, delivered record non-GAAP gross margin, and managed our cash with extreme rigor through continued operational discipline," said Rick Wilmer, President and Chief Executive Officer of ChargePoint. "In the quarter, we began early access shipments of Express Solo, continued expansion of our partnership with Eaton, and fortified our leadership team in Europe with the appointment of John Saffrett as Executive Vice President and Managing Director to lead our growth strategy and market expansion across the continent. As we enter the second half of the year, we remain focused on driving profitable growth through innovation, operational excellence, and disciplined execution against our strategic plan." Second Quarter Fiscal 2027 Financial Overview Revenue. Second quarter revenue was $116.1 million, up 18% from $98.6 million in the prior year’s same quarter. Networked charging systems revenue for the second quarter was $62.9 million, up 25% from $50.4 million in the prior year’s same quarter. Subscription revenue was $43.7 million, up 10% from $39.9 million in the prior year’s same quarter. Gross Margin. Second quarter GAAP gross margin was 36% as compared to 31% in the prior year's same quarter, and non-GAAP gross margin was 38% as compared to 33% in the prior year's same quarter. The current period GAAP and non-GAAP gross margins include a 4 percentage points benefit due to tariffs refunds. Operating Expenses. Second quarter GAAP operating expenses were $76.4 million, down 15% from $89.7 million in the prior year's same quarter. Non-GAAP operating expenses were $52.3 million, down 11% from $58.6 million in the prior year's same quarter. Net Income/Loss. Second quarter GAAP net loss was $35.6 million, down 46% from $66.2 million in the prior year's same quarter. Additionally, non-GAAP net loss was $9.2 million, down 72% from $33.0 million in the prior year's same quarter and non-GAAP adjusted EBITDA loss was $4.8 million, down 78% from $22.1 million in the prior year's same quarter. Liquidity. As of July 31, 2026, cash, cash equivalents and restricted cash on the balance sheet was $95.7 million. Shares Outstanding. As of July 31, 2026, ChargePoint had approximately 27 million shares of common stock outstanding. Business Highlights ChargePoint appointed automotive industry veteran John Saffrett as Executive Vice President and Managing Director for Europe, overseeing sales, customer relationships, partnerships, and market expansion across the continent. ChargePoint extended its long-standing partnership with Mercedes-Benz with a new agreement that provides Mercedes-Benz business customers with comprehensive charging solutions for fleet operators in the UK and Germany. ChargePoint announced agreements with Optimus Energy Solutions, a leading U.S.-based charge point operator, and Onvo, a Pennsylvania-based travel plaza brand, that will collectively add hundreds of new charging ports in the eastern U.S. ChargePoint and Portland International Airport announced a new overhead fast charging deployment featuring retractable cable management that eliminates the traditional trade-offs between space, cost, and equipment durability, delivering a blueprint for airports worldwide. Third Quarter of Fiscal 2027 Guidance For the third fiscal quarter ending October 31, 2026, ChargePoint expects revenue of $105 million to $115 million. Conference Call Information ChargePoint will host a conference call to review the Company’s financial results at 1:30 p.m. Pacific (4:30 p.m. Eastern time) today. A live webcast of the conference call will be available at https://events.q4inc.com/attendee/486534852. Participants can also access the conference call by dialing +1 (833) 461 5787 (North America) or +1 585 542 9983 (International) and entering Conference ID 486 534 852. A recording will be available after the conclusion of the webcast and archived for one year on ChargePoint’s investor relations website. A copy of the press release with the financial results will be also available on ChargePoint’s investor relations website prior to the commencement of the webcast. About ChargePoint Holdings, Inc. ChargePoint has established itself as a global leader in intelligent electrification and e-mobility since its inception in 2007, long before EVs became widely available. The company provides comprehensive solutions tailored to the entire EV ecosystem, from the grid to the dashboard of the vehicle. The company serves EV drivers, charging station owners, vehicle manufacturers, and similar types of stakeholders. With a commitment to accessibility and reliability, ChargePoint’s extensive portfolio of software, hardware, and services ensures a seamless charging experience for drivers across North America and Europe. ChargePoint empowers every driver in need of charging access, connecting them to almost 1.5 million public and private charging ports worldwide. ChargePoint has facilitated the powering of more than 25 billion electric miles, underscoring its dedication to reducing greenhouse gas emissions and electrifying the future of transportation. For further information, please visit the ChargePoint pressroom or the ChargePoint Investor Relations site. For media inquiries, contact the ChargePoint press office. Forward-Looking Statements This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including statements regarding our projected revenue for the third quarter of fiscal year 2027. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: macroeconomic trends, such as changes in or sustained inflation, interest rate volatility, increased tariffs or other events beyond our control on the overall economy which may reduce demand for our products and services; geopolitical events and conflicts; adverse impacts to our business and those of our customers and suppliers, including due to supply chain disruptions, component shortages, and associated logistics expense increases; our ability as an organization to successfully acquire, integrate or partner with other companies, products or technologies in a successful manner such as our partnership efforts with Eaton Corporation; our dependence on widespread acceptance and adoption of EVs, including any delays or modifications to auto manufacturers' plans and strategies to transition to predominately manufacture EVs and any corresponding decreased demand for installation of charging stations; our current dependence on sales of charging stations for the majority of our revenues; overall demand for EV charging and the potential for reduced demand for EVs if governmental policies, rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of EVs or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; our ability, and our reliance on our customers, to successfully implement, construct and manage state, federal and local charging infrastructure programs in accordance with the respective terms of such program in order to validly secure and obtain awarded funding and win additional grant opportunities; our reliance on contract manufacturers, including those located outside the United States, may result in supply chain interruptions, delays and expense increases which may adversely affect our sales, revenue and gross margins; our ability to expand our operations and market share in Europe; the need to attract additional fleet operators as customers, especially autonomous EV fleets; potential adverse effects on our revenue and gross margins due to delays and costs associated with new product introductions, such as our new AC and Express DC fast charging product architectures, inventory obsolescence, component shortages and related expense increases; the ability or success of our new AC and Express DC fast charging product architectures to result in an increased demand for charging products by commercial, residential and fleet charging customers; adverse impact to our revenues and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by us; the effects of competition; risks related to our dependence on our intellectual property; and the risk that our technology could have undetected defects or errors. Additional risks and uncertainties that could affect our financial results are included under the captions "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations" in our Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on June 8, 2026, which is available on our website at investors.chargepoint.com and on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law. Use of Non-GAAP Financial Measures ChargePoint has provided financial information in this press release that has not been prepared in accordance with generally accepted accounting principles in the United States ("GAAP"). ChargePoint uses these non-GAAP financial measures internally in analyzing its financial results. ChargePoint believes that the use of these non-GAAP financial measures is useful to investors to evaluate ongoing operating results and trends and believes they provide meaningful supplemental information to investors regarding ChargePoint’s underlying operating performance because they exclude items ChargePoint believes are unrelated to, and may not be indicative of, its core operating results. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with ChargePoint’s condensed consolidated financial statements prepared in accordance with GAAP. A reconciliation of ChargePoint’s historical non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations. Non-GAAP Gross Profit (Gross Margin). ChargePoint defines non-GAAP gross profit as gross profit excluding stock-based compensation expense, amortization expense of acquired intangible assets and restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs. Non-GAAP gross margin is non-GAAP gross profit as a percentage of revenue. Non-GAAP Cost of Revenue and Operating Expenses (includes Non-GAAP research and development, Non-GAAP sales and marketing and Non-GAAP general and administrative). ChargePoint defines non-GAAP cost of revenue and operating expenses as cost of revenue and operating expenses excluding stock-based compensation expense, amortization expense of acquired intangible assets, restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs, and non-cash charges related to tax liabilities, litigation settlements and other non-recurring transaction costs, including associated non-recurring legal expenses and professional service fees. Non-GAAP Net Loss. ChargePoint defines non-GAAP net loss as net loss excluding stock-based compensation expense, amortization expense of acquired intangible assets, restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs, and non-cash charges related to tax liabilities, litigation settlements and other non-recurring transaction costs, including associated non-recurring legal expenses and professional service fees. These amounts reflect the impact of any related tax effects. Non-GAAP pre-tax net loss is non-GAAP net loss adjusted for provision for income taxes. Non-GAAP Adjusted EBITDA Loss. ChargePoint defines non-GAAP adjusted EBITDA loss as net loss excluding stock-based compensation expense, amortization expense of acquired intangible assets, restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs, non-cash charges related to tax liabilities, litigation settlements and other non-recurring transaction costs, including associated non-recurring legal expenses and professional service fees, and further adjusted for provision of income taxes, depreciation, interest income and expense, and other income and (expense), net. Investors are cautioned that there are a number of limitations associated with the use of non-GAAP financial measures to analyze financial results and trends. In particular, many of the adjustments to ChargePoint’s GAAP financial measures reflect the exclusion of items that are recurring and will be reflected in its financial results for the foreseeable future, such as stock-based compensation, which is an important part of ChargePoint’s employees’ compensation and impacts hiring, retention and performance. Furthermore, these non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP, and the components that ChargePoint excludes in its calculation of non-GAAP financial measures may differ from the components that other companies exclude when they report their non-GAAP results. In the future, ChargePoint may also exclude other expenses it determines do not reflect the performance of ChargePoint’s operating results. CHPT-IR View source version on businesswire.com: https://www.businesswire.com/news/home/20260902204306/en/ Contacts Investor Relations Audrey DionHead of Investor [email protected] Press AJ GosselinDirector, Corporate [email protected] [email protected]

EV charging solutions provider ChargePoint Holdings (NYSE:CHPT) will be announcing earnings results this Wednesday after the bell. Here’s what to look for. ChargePoint beat analysts’ revenue expectations last quarter, reporting revenues of $101.8 million, up 4.3% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and revenue guidance for next quarter topping analysts’ expectations. Is ChargePoint a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting ChargePoint’s revenue to grow 6.7% year on year, a reversal from the 9.2% decrease it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. ChargePoint has missed Wall Street’s revenue estimates multiple times over the last two years. Looking at ChargePoint’s peers in the renewable energy segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Bloom Energy delivered year-on-year revenue growth of 166%, beating analysts’ expectations by 27.7%, and Sunrun reported revenues up 52.8%, topping estimates by 19.2%. Bloom Energy traded down 1.9% following the results while Sunrun was also down 10.6%. Read our full analysis of Bloom Energy’s results here and Sunrun’s results here. Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the renewable energy stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.8% on average over the last month. ChargePoint’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $6.90 (compared to the current share price of $5.56). ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable. These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.

CAMPBELL, Calif., August 19, 2026--(BUSINESS WIRE)--ChargePoint Holdings, Inc. (NYSE: CHPT) ("ChargePoint" or the "Company"), a leading provider of EV charging solutions, today announced it will release financial results for the second quarter of fiscal year 2027, which ended July 31, 2026, on September 2, 2026. ChargePoint will host a conference call to review the Company’s financial results at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) on the same day. A live webcast of the conference call will be available at https://events.q4inc.com/attendee/486534852. Participants can also access the conference call by dialing +1 833 461 5787 (North America) or +1 585 542 9983 (International) and entering Conference ID 486 534 852. A recording will be available after the conclusion of the webcast and archived for one year on ChargePoint’s investor relations website. A copy of the press release with the financial results will also be available on ChargePoint’s investor relations website prior to the commencement of the webcast. About ChargePoint Holdings, Inc. ChargePoint has established itself as the leader in electric vehicle (EV) charging innovation since its inception in 2007, long before EVs became widely available. The company provides comprehensive solutions tailored to the entire EV ecosystem, from the grid to the dashboard of the vehicle. The company serves EV drivers, charging station owners, vehicle manufacturers, and similar types of stakeholders. With a commitment to accessibility and reliability, ChargePoint’s extensive portfolio of software, hardware, and services ensures a seamless charging experience for drivers across North America and Europe. ChargePoint empowers every driver in need of charging access, connecting them to over 1.4 million public and private charging ports worldwide. ChargePoint has facilitated the powering of more than 21 billion electric miles, underscoring its dedication to reducing greenhouse gas emissions and electrifying the future of transportation. For further information, please visit the ChargePoint pressroom or the ChargePoint Investor Relations site. For media inquiries, contact the ChargePoint press office. CHPT-IR View source version on businesswire.com: https://www.businesswire.com/news/home/20260819365670/en/ Contacts Investor Relations Audrey DionHead of Investor [email protected] Press John Paolo CantonVice President, Global [email protected] AJ GosselinDirector, Corporate [email protected] [email protected]