CHPT Earnings: ChargePoint’s Stock Plunges 11% on Weak Outlook

ChargePoint Holdings (CHPT), an electric vehicle charging company, reported mixed first quarter Fiscal 2026 financial results and offered weak guidance, sending its stock down 11% in after-hours trading.

The electric vehicle charging network provider reported an earnings per share (EPS) loss of -$0.12, which was slightly better than a loss of -$0.13 expected among analysts. However, revenue came in at $98 million, which was short of the $100.61 million consensus estimate of analysts. Sales were down 9% from a year earlier.

Looking ahead, ChargePoint said that it expects revenue between $90 million to $100 million for its current Fiscal second quarter. That sales guidance is below analyst projections of $108.3 million. The weak outlook sent CHPT stock plunging following the financial results being made public.

ChargePoint’s net income. Source: Main Street Data

Bright Spots?

ChargePoint said its subscription revenue grew 14% year-over-year in the latest quarter to $38 million, while networked charging systems revenue fell 20% to $52.1 million. The company’s gross margin improved to 29% from 22% a year ago.

ChargePoint reduced its operating expenses by 10% from a year ago to $81.8 million. The company ended the quarter with $196.3 million in cash and no debt maturities until 2028. Despite the revenue decline, ChargePoint reaffirmed its commitment to achieving positive earnings at some point in the current Fiscal year. CHPT stock is down 17% in 2025.

Is CHPT Stock a Buy?

The stock of ChargePoint Holdings has a consensus Hold rating among nine Wall Street analysts. That rating is based on one Buy, seven Hold, and one Sell recommendations issued in the last three months. The average CHPT price target of $1.16 implies 30.82% upside from current levels. These ratings are likely to change after the company’s financial results.

Read more analyst ratings on CHPT stock