Chargepoint Holdings, Inc. ( (CHPT) ) has released its Q2 earnings. Here is a breakdown of the information Chargepoint Holdings, Inc. presented to its investors.
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ChargePoint Holdings, Inc. is a prominent player in the electric vehicle (EV) charging industry, offering a wide range of networked charging solutions for businesses and drivers across North America and Europe.
In its second quarter of fiscal year 2026, ChargePoint reported a revenue of $99 million, reaching the high end of its guidance range. The company also highlighted a significant improvement in gross margins and cash management, alongside strategic advancements in its product offerings.
The company’s GAAP gross margin increased to 31%, with a non-GAAP gross margin of 33%. Subscription revenue saw a 10% year-over-year growth, reaching $40 million. Despite a 9% decline in total revenue compared to the previous year, ChargePoint’s strategic partnership with Eaton has begun to yield results with the launch of a new modular Express DC fast charging architecture. Additionally, the company introduced new products like Safeguard Care and Omni Port adaptable charging solutions.
ChargePoint’s net loss narrowed slightly to $66.2 million, with non-GAAP pre-tax net loss and adjusted EBITDA loss showing significant improvements. The company maintains a strong liquidity position with $194.5 million in cash and cash equivalents and no debt maturities until 2028.
Looking ahead, ChargePoint’s management remains optimistic about the future, expecting revenue between $90 million and $100 million for the third quarter of fiscal year 2026, as it continues to innovate and expand its market presence.