Key Takeaways
- Shares of ChargePoint rose 18.3% in premarket hours, reaching $6.14 following better-than-expected fiscal Q2 results.
- The company reported Q2 revenue of $116 million, representing an 18% year-over-year increase and surpassing the consensus estimate of $105 million.
- The adjusted loss per share of $1.35 beat analyst expectations of a $1.60 loss by $0.25.
- The company’s non-GAAP gross margin improved to 38%, marking a 600 basis point increase from the previous quarter.
- For Q3, the company projected revenue in the range of $105 million to $115 million.
Shares of ChargePoint climbed to $6.14 during premarket trading on Thursday, September 3, marking an 18.3% gain from the previous closing price of $5.19. The rally followed the release of the company’s fiscal Q2 2027 results, which exceeded analyst projections on both revenue and earnings metrics.
ChargePoint Holdings, Inc., CHPT
For the quarter that concluded on July 31, 2026, the EV charging infrastructure provider generated $116 million in revenue. This figure surpassed Wall Street’s consensus estimate of approximately $105 million and reflected an 18% year-over-year growth rate.
Regarding profitability metrics, the company posted an adjusted loss per share of $1.35. This result came in better than the Street’s anticipated loss of $1.60 per share, representing a $0.25 beat.
While the quarterly performance was solid, CHPT shares remain under pressure, down approximately 28% over the trailing three-month period and more than 51% over the past year. The premarket surge lifted the stock to $6.14, though this remains significantly below its 52-week peak of $12.61.
Margin Expansion Continues
ChargePoint delivered a non-GAAP gross margin of 38% during the quarter. This represents a 600 basis point improvement from the first quarter and a 500 basis point increase compared to the same quarter last year.
One important detail: the 38% margin includes a one-time tariff refund totaling $4.2 million. Excluding this benefit, the normalized adjusted gross margin would be approximately 35%.
Additionally, the company recorded an adjusted EBITDA loss of $5 million for the period.
The margin expansion narrative represents one of the more encouraging elements of the report. The progression from the low-30% range into the upper-30s over recent quarters demonstrates operational improvement, despite the company still operating at a loss.
Leading up to this earnings release, ChargePoint received three upward EPS revisions and no downward revisions during the 90-day period, establishing a modestly positive expectation heading into the announcement.
Forward-Looking Guidance
For the upcoming third quarter, company leadership provided revenue guidance ranging from $105 million to $115 million. While this represents a modest sequential decline from Q2’s $116 million, it aligns with analyst expectations.
The guidance range indicates continued growth on a year-over-year basis, though the quarter-over-quarter decline merits attention from investors.
According to InvestingPro, ChargePoint’s financial health score reflects “weak performance,” a designation that stems from sustained losses and ongoing cash consumption.
Industry competitors including Blink Charging and EVgo operate within the same EV charging infrastructure sector and provide useful benchmarks for comparison.
Broader equity markets displayed minimal movement Thursday morning, with the S&P 500 trading flat and the Nasdaq edging slightly lower, indicating that CHPT’s premarket surge was primarily a company-specific response to earnings.
Despite Thursday’s gain, the stock’s 52-week high of $12.61 remains considerably above current trading levels.
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