ChargePoint Holdings, Inc. (CHPT): Results of Operations and Financial Condition
ChargePoint Holdings, Inc. (CHPT) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 ChargePoint Reports Second Quarter Fiscal Year 2027 Financial Results • 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 3
How this was made
The 30-second read
Why it matters
The earnings beat and margin expansion could trigger short‑term price appreciation, while guidance for Q3 remains modest.
Market read
First‑hand earnings data provides actionable insight for traders targeting EV infrastructure stocks.
What to watch
Potential supply‑chain constraints and tariff refund reliance could limit future performance.
ChargePoint Reports Second Quarter Fiscal Year 2027 Financial Results
Revenue grew 18% year-over-year to $116.1 million and exceeded the guidance range, while GAAP gross margin increased to 36%, non-GAAP gross margin increased to 38%, and non-GAAP adjusted EBITDA loss narrowed to $4.8 million from $22.1 million. The improvement was partly supported by a 4 percentage points benefit from tariff refunds, while third-quarter revenue guidance of $105 million to $115 million is below the reported second-quarter revenue of $116.1 million.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| Total revenueGAAP | $116.1 million | – | 18% |
| Networked Charging Systems revenueGAAP | $62.9 million | – | 25% |
| Subscription revenueGAAP | $43.7 million | – | 10% |
| Other revenueGAAP | $ 9,460 | – | – |
| Total cost of revenueGAAP | $ 73,773 | – | – |
| Gross profitGAAP | $ 42,302 | – | – |
| Gross marginGAAP | 36% | – | – |
| Gross profitnon-GAAP | $ 44,593 | – | – |
| Gross marginnon-GAAP | 38% | – | – |
| Research and development expenseGAAP | $ 32,410 | – | – |
| Sales and marketing expenseGAAP | $ 23,459 | – | – |
| General and administrative expenseGAAP | $ 20,492 | – | – |
| Total operating expensesGAAP | $76.4 million | – | down 15% |
| Total operating expensesnon-GAAP | $52.3 million | – | down 11% |
| Loss from operationsGAAP | $ (34,059) | – | – |
| Net loss before income taxesGAAP | $ (34,075) | – | – |
| Provision for income taxesGAAP | 1,549 | – | – |
| Net lossGAAP | $35.6 million | – | down 46% |
| Net loss per share, basic and dilutedGAAP | $ (1.35) | – | – |
| Weighted average shares outstanding, basic and dilutedGAAP | 26,322,311 | – | – |
| Net lossnon-GAAP | $9.2 million | – | down 72% |
| Non-GAAP adjusted EBITDA lossnon-GAAP | $4.8 million | – | down 78% |
| Six Months Total revenueGAAP | $ 217,894 | – | – |
| Six Months Gross profitGAAP | $ 71,924 | – | – |
| Six Months Gross marginGAAP | 33% | – | – |
| Six Months Non-GAAP gross profitnon-GAAP | $ 76,739 | – | – |
| Six Months Non-GAAP gross marginnon-GAAP | 35% | – | – |
| Six Months Net lossGAAP | $ (78,828) | – | – |
| Six Months Non-GAAP net lossnon-GAAP | $ (27,589) | – | – |
| Six Months Non-GAAP adjusted EBITDA lossnon-GAAP | $ (23,929) | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| Networked Charging SystemsNetworked charging systems revenue increased from $50.4 million in the prior year’s same quarter. | $62.9 million | – | 25% |
| SubscriptionsSubscription revenue increased from $39.9 million in the prior year’s same quarter. | $43.7 million | – | 10% |
| OtherPrior-year other revenue was $ 8,273. | $ 9,460 | – | – |
Third fiscal quarter ending October 31, 2026 outlook
- Revenue$105 million to $115 million
What drove it
- Revenue grew 18% year-over-year to $116.1 million, led by 25% growth in Networked Charging Systems revenue.
- Subscription revenue grew 10% year-over-year to $43.7 million.
- GAAP gross margin increased to 36% from 31%, and non-GAAP gross margin increased to 38% from 33%.
- Current-period GAAP and non-GAAP gross margins included a 4 percentage points benefit due to tariff refunds.
- GAAP operating expenses declined 15% year-over-year to $76.4 million and non-GAAP operating expenses declined 11% to $52.3 million.
- ChargePoint began early access shipments of Express Solo, continued expansion of its partnership with Eaton, and appointed John Saffrett as Executive Vice President and Managing Director for Europe.
Concerns
- The 4 percentage points benefit from tariff refunds contributed to current-period GAAP and non-GAAP gross margins.
- ChargePoint reported a GAAP net loss of $35.6 million and a non-GAAP adjusted EBITDA loss of $4.8 million.
- Cash, cash equivalents, and restricted cash decreased to $95.7 million as of July 31, 2026, from $141,964 at the beginning of the six-month period.
- Net cash used in operating activities was $ (40,791) for the six months ended July 31, 2026.
- Total stockholders' equity (deficit) was $ (36,092) as of July 31, 2026.
- Third-quarter revenue guidance of $105 million to $115 million is below reported second-quarter revenue of $116.1 million.
What to watch
- Third fiscal quarter revenue delivery against guidance of $105 million to $115 million.
- Whether gross margin performance continues without the reported 4 percentage points benefit due to tariff refunds.
- Cash usage following $ (40,791) of net cash used in operating activities during the six months ended July 31, 2026.
- Demand from Networked Charging Systems, which generated $62.9 million of second-quarter revenue and grew 25% year-over-year.
- Progress in early access shipments of Express Solo, the Eaton partnership expansion, and European market expansion.
Balance sheet and cash flow
- Cash and cash equivalents were $ 95,330 as of July 31, 2026, compared with $ 141,564 as of January 31, 2026.
- Restricted cash was $ 400 as of July 31, 2026, compared with $ 400 as of January 31, 2026.
- Cash, cash equivalents and restricted cash were $95.7 million as of July 31, 2026.
- Debt, current was $ 17,476 as of July 31, 2026, compared with $ 32,371 as of January 31, 2026.
- Debt, noncurrent was $ 219,462 as of July 31, 2026, compared with $ 228,480 as of January 31, 2026.
- Inventories were $ 179,468 as of July 31, 2026, compared with $ 214,903 as of January 31, 2026.
- Deferred revenue was $ 122,245 current and $ 126,310 noncurrent as of July 31, 2026.
- Net cash used in operating activities was $ (40,791) for the six months ended July 31, 2026, compared with $ (39,120) for the six months ended July 31, 2025.
- Purchases of property and equipment were $ (2,105) for the six months ended July 31, 2026, compared with $ (2,358) for the six months ended July 31, 2025.
- Repayment of borrowings was $ (9,625) for the six months ended July 31, 2026.
- Net decrease in cash, cash equivalents, and restricted cash was $ (46,234) for the six months ended July 31, 2026, compared with $ (30,448) for the six months ended July 31, 2025.
Analysis
ChargePoint reported second-quarter fiscal 2027 revenue of $116.1 million, up 18% from $98.6 million in the prior-year quarter and above the company’s guidance range. Networked Charging Systems revenue increased 25% to $62.9 million, outpacing the 10% increase in subscription revenue to $43.7 million. Other revenue was $ 9,460, compared with $ 8,273 in the prior-year quarter.
Profitability improved sharply year over year. GAAP gross margin rose to 36% from 31%, while non-GAAP gross margin increased to 38% from 33%. ChargePoint stated that both current-period margin measures included a 4 percentage points benefit due to tariff refunds. GAAP operating expenses declined 15% to $76.4 million and non-GAAP operating expenses declined 11% to $52.3 million, contributing to a reduction in GAAP net loss to $35.6 million from $66.2 million and in non-GAAP adjusted EBITDA loss to $4.8 million from $22.1 million.
The first-half results also show improved operating performance versus the prior year. Six-month revenue was $ 217,894 versus $ 196,230, GAAP gross margin was 33% versus 30%, and non-GAAP adjusted EBITDA loss was $ (23,929) versus $ (44,864). However, ChargePoint remained cash consumptive, with net cash used in operating activities of $ (40,791) for the six months ended July 31, 2026, compared with $ (39,120) in the prior-year period.
Liquidity was $95.7 million of cash, cash equivalents and restricted cash as of July 31, 2026. Cash, cash equivalents, and restricted cash declined by $ (46,234) during the six-month period. Current debt was $ 17,476 and noncurrent debt was $ 219,462 as of July 31, 2026, while total stockholders' equity (deficit) was $ (36,092).
For the third fiscal quarter ending October 31, 2026, ChargePoint expects revenue of $105 million to $115 million. The guide is below second-quarter revenue of $116.1 million. Operational items identified by management include early access shipments of Express Solo, expansion of the Eaton partnership, a new Mercedes-Benz agreement for business customers in the UK and Germany, and leadership expansion in Europe.
Management, verbatim
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.
Rick Wilmer, President and Chief Executive Officer of ChargePoint
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.
Rick Wilmer, President and Chief Executive Officer of ChargePoint
Not in the filing
stated, not guessed- Previous-quarter comparisons for reported second-quarter operating metrics.
- Prior-quarter revenue, margin, operating expense, net loss, EPS, and adjusted EBITDA figures.
- Previous-quarter guidance needed to compare actual results with prior guidance.
- Third-quarter guidance for gross margin, operating expenses, tax rate, EPS, adjusted EBITDA, cash flow, or capital expenditures.
- Non-GAAP EPS.
- Quarterly operating cash flow.
- Free cash flow.
- Share repurchases, dividends, or other capital-return activity.
- A reported total debt figure as of July 31, 2026.
AlphaAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
SEC Form 8‑K filing discloses ChargePoint's Q2 FY2027 financials and operational highlights.
Ticker impact
ChargePoint reported Q2 FY2027 results with 18% revenue growth to $116M and narrowed non‑GAAP EBITDA loss.
Potential upside as investors price in stronger top‑line and margin expansion.
Guidance beats prior range, margin improvement, and cash position support near‑term buying interest.
Market effects
EV charging sector may see renewed investor interest on earnings beat.
North American and European EV infrastructure markets could benefit from ChargePoint's growth.
Supports broader clean‑energy investment themes.
Counterpoint
Margin gains may be temporary; cash burn remains high and competition intensifies.
Key entities
- companyChargePoint Holdings, Inc.
EV charging network operator.
- executiveRick Wilmer
President and CEO of ChargePoint.
