Chargepoint Holdings, Inc. ( (CHPT) ) has released its Q3 earnings. Here is a breakdown of the information Chargepoint Holdings, Inc. presented to its investors.
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ChargePoint Holdings, Inc., a leader in electric vehicle charging solutions, offers comprehensive services across the EV ecosystem, connecting drivers to over 1.3 million charging ports worldwide. In its third quarter fiscal year 2026 financial results, ChargePoint reported a 6% increase in revenue to $106 million, surpassing its guidance range. The company also achieved a 15% growth in subscription revenue and improved gross margins, while significantly reducing its debt by over 50% post-quarter. Key financial highlights include a GAAP gross margin of 31% and a non-GAAP gross margin of 33%, alongside a reduction in operating expenses and net losses compared to the previous year. ChargePoint’s strategic initiatives, such as the launch of a new software platform and a cooperative purchasing contract with Sourcewell, underscore its commitment to innovation and market expansion. Looking ahead, ChargePoint remains focused on executing its three-year plan, with a revenue forecast of $100 million to $110 million for the fourth quarter, as it continues to strengthen its financial foundation and drive growth in the e-mobility sector.