Key Takeaways
- ChargePoint shares rallied 18.3% to $6.14 in premarket hours following a fiscal Q2 earnings beat.
- Quarterly revenue reached $116 million, representing an 18% year-over-year increase and surpassing the $105 million consensus forecast.
- The company posted an adjusted loss per share of $1.35, significantly better than the anticipated loss of $1.60.
- Non-GAAP gross margin expanded to 38%, reflecting a 600-basis-point improvement from the previous quarter.
- Management issued Q3 revenue guidance ranging from $105 million to $115 million.
Shares of ChargePoint climbed to $6.14 during Thursday’s premarket session on September 3, marking an 18.3% gain from Wednesday’s closing price of $5.19. The rally followed the electric vehicle charging company’s fiscal Q2 2027 results that exceeded Wall Street projections on both revenue and earnings metrics.
ChargePoint Holdings, Inc., CHPT
For the quarter that concluded on July 31, 2026, the company generated $116 million in revenue. This figure surpassed analyst expectations of approximately $105 million and represented an 18% growth rate compared to the year-ago quarter.
Regarding profitability metrics, ChargePoint delivered an adjusted loss per share of $1.35. Wall Street had projected a loss of $1.60 per share, meaning the company outperformed estimates by $0.25.
While this quarter demonstrated solid execution, CHPT shares remain under pressure over longer timeframes, declining approximately 28% during the past three months and more than 51% year-over-year. Even with Thursday’s premarket surge to $6.14, the stock trades substantially below its 52-week peak of $12.61.
Margin Expansion Continues
ChargePoint achieved a non-GAAP gross margin of 38% during the quarter. This represents a 600-basis-point sequential improvement from Q1 and a 500-basis-point expansion versus the prior-year period.
One important caveat: the 38% figure incorporates a one-time tariff refund totaling $4.2 million. Excluding this benefit, the adjusted gross margin would be approximately 35%.
The company also recorded an adjusted EBITDA loss of $5 million during the quarter.
The steady improvement in gross margin represents one of the most encouraging aspects of the report. The progression from the low-30% range toward the upper-30s in recent quarters demonstrates operational momentum, though the company remains unprofitable overall.
Leading up to this earnings release, ChargePoint received three upward EPS estimate revisions and no downward adjustments over the preceding 90 days. This positive revision trend created relatively constructive expectations heading into the announcement.
Forward Outlook
For the current quarter, management projected revenue between $105 million and $115 million. While this range sits modestly below Q2’s $116 million result, it aligns closely with prevailing analyst forecasts.
The guidance implies continued expansion, though the sequential decline warrants monitoring in upcoming quarters.
According to InvestingPro, ChargePoint’s financial health assessment indicates “weak performance,” a reflection of persistent losses and the company’s cash consumption rate.
Industry competitors including Blink Charging and EVgo provide relevant comparison points as they compete in the EV charging infrastructure market.
Broader equity markets exhibited minimal movement Thursday morning, with the S&P 500 trading flat and the Nasdaq slightly negative, indicating CHPT’s premarket rally was driven primarily by company-specific factors.
Despite Thursday’s positive momentum, the stock’s 52-week high of $12.61 remains substantially above current trading levels.
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