Business & Finance
ChargePoint stock rises over 50% following second-quarter earnings beat
The EV charging hardware and software provider reduced losses and exceeded market expectations despite broader electric vehicle market headwinds.
The short version
- ChargePoint shares rose more than 50% following second-quarter fiscal 2027 earnings that beat analyst estimates on revenue and loss per share.
- The business model centers on selling hardware, software, and services to commercial clients rather than operating its own charging network.
- The company credited new product rollouts and cost reductions for narrower losses, though broader consumer EV demand growth remains lower than past industry forecasts.
- ChargePoint has not yet set a specific date for reaching overall profitability, though management stated it is approaching positive EBITDA.
Key facts
- ChargePoint reported second-quarter fiscal 2027 revenue of $116.1 million and a loss of 35 cents per share, outperforming average analyst estimates of $105.2 million in revenue and an 85-cent loss per share.[CNBC]
- The company's quarterly results included a one-time tariff refund of roughly $4.2 million, though the company stated its normalized gross margin reached a record high even without the refund.[CNBC]
- Under a three-year cost reduction plan, ChargePoint reduced net losses from $125.3 million three years earlier to $35.6 million in the most recent quarter.[CNBC]
- The company projected third-quarter fiscal 2027 revenue to fall between $105 million and $115 million.[CNBC]
- ChargePoint underwent a reverse stock split in the prior year to maintain compliance with the New York Stock Exchange's $1 minimum share price requirement.[CNBC]