Key Takeaways
- ChargePoint shares climbed 18.3% to $6.14 in premarket hours following better-than-anticipated Q2 financial results.
- Second quarter revenue reached $116 million, representing an 18% year-over-year increase and surpassing the $105 million analyst consensus.
- The company’s adjusted loss per share of $1.35 came in significantly better than the expected $1.60 loss.
- The non-GAAP gross margin expanded to 38%, representing a 600 basis point improvement from the previous quarter.
- The company projected Q3 revenue between $105 million and $115 million.
Shares of ChargePoint surged 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 electric vehicle charging company’s fiscal Q2 2027 results that exceeded analyst projections for both revenue and earnings.
ChargePoint Holdings, Inc., CHPT
For the three-month period concluding July 31, 2026, the company generated $116 million in revenue. This performance surpassed the Street’s expectation of approximately $105 million and represented an 18% year-over-year growth rate.
Regarding profitability metrics, ChargePoint delivered an adjusted loss per share of $1.35. Wall Street had anticipated a loss of $1.60 per share, meaning the company outperformed expectations by $0.25.
While the quarterly results impressed investors, CHPT shares remain under pressure on a longer-term basis, declining approximately 28% over the trailing three-month period and more than 51% over the past year. The premarket rally pushed the stock to $6.14, which remains significantly below its 52-week peak of $12.61.
Margin Expansion Continues
ChargePoint achieved a non-GAAP gross margin of 38% during the second quarter. This represents a 600 basis point sequential improvement from the first quarter and a 500 basis point gain compared to the year-ago period.
An 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 during the quarter.
The improving gross margin trajectory represents one of the more encouraging developments in the earnings report. The progression from the low 30% range toward the upper 30% level across recent quarters demonstrates tangible operational improvements, though the path to profitability remains extended.
During the 90-day period preceding this earnings announcement, ChargePoint received three upward EPS revisions from analysts and no downward adjustments. This positive revision activity helped establish a relatively favorable expectations framework heading into the release.
Forward-Looking Revenue Outlook
Company leadership established Q3 revenue guidance in the range of $105 million to $115 million. While this represents a modest sequential decline from Q2’s $116 million result, it generally aligns with analyst expectations.
The forecasted range indicates continued expansion, though the quarter-over-quarter moderation warrants attention from investors.
According to InvestingPro, ChargePoint’s financial health assessment reflects “weak performance,” a characterization driven by persistent losses and cash consumption patterns.
Industry competitors Blink Charging and EVgo function in the same EV charging infrastructure sector and provide the most relevant comparison points for evaluating ChargePoint’s performance.
Broader equity markets demonstrated minimal movement during Thursday morning hours, with the S&P 500 trading flat and the Nasdaq showing slight weakness, indicating that CHPT’s premarket surge was primarily attributable to company-specific results.
The stock’s 52-week high of $12.61 remains substantially above current price levels, even accounting for Thursday’s positive movement.
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