ChargePoint’s Q1 Earnings Highlight Strategic Growth

Chargepoint Holdings, Inc. ( (CHPT) ) has released its Q1 earnings. Here is a breakdown of the information Chargepoint Holdings, Inc. presented to its investors.

ChargePoint Holdings, Inc. is a prominent company in the electric vehicle (EV) sector, specializing in providing networked solutions for EV charging across North America and Europe. The company offers a comprehensive portfolio of charging solutions for various applications, including commercial, residential, and fleet.

In its first quarter of fiscal year 2026, ChargePoint reported a revenue of $98 million, with a notable improvement in gross margins. The company also highlighted its strategic partnership with Eaton Corporation to develop integrated EV charging and power management solutions, which is expected to drive future growth.

Key financial highlights include a 14% year-over-year growth in subscription revenue, reaching $38 million. Despite a 9% decline in total revenue compared to the previous year, ChargePoint improved its GAAP gross margin to 29% and non-GAAP gross margin to 31%. Operating expenses also saw a reduction, with GAAP operating expenses down by 10% and non-GAAP operating expenses down by 15% year-over-year.

ChargePoint’s management remains optimistic, projecting revenue between $90 million and $100 million for the second quarter of fiscal year 2026. The company is committed to achieving positive non-GAAP adjusted EBITDA within the fiscal year, signaling a focus on financial stability and growth.

Overall, ChargePoint continues to strengthen its position in the EV charging market, leveraging strategic partnerships and innovative product offerings to enhance its market presence and financial performance.