TLDR
- ChargePoint stock jumped 18.3% in premarket trading to $6.14 after beating Q2 revenue and earnings estimates.
- Q2 revenue came in at $116 million, up 18% year-over-year and above the $105 million consensus estimate.
- Adjusted loss per share was $1.35, beating the forecast loss of $1.60 by $0.25.
- Non-GAAP gross margin hit 38%, up 600 basis points from the prior quarter.
- Q3 revenue guidance was set at $105 million to $115 million.
ChargePoint stock hit $6.14 in premarket trading on Thursday, September 3, up 18.3% from its prior close of $5.19, after the company posted fiscal Q2 2027 results that topped Wall Street expectations on both the top and bottom lines.
ChargePoint Holdings, Inc., CHPT
Revenue for the quarter ended July 31, 2026 came in at $116 million. That beat the analyst consensus of around $105 million and marks an 18% increase from the same period a year ago.
On earnings, ChargePoint reported an adjusted loss per share of $1.35. Analysts had forecast a loss of $1.60, so the beat came in at $0.25.
CHARGEPOINT $CHPT Q2’27 EARNINGS HIGHLIGHTS
🔹 Revenue: $116.1M (Est. $105M) 🟢; +18% YoY
🔹 Non-GAAP Adj. EBITDA: -$4.8M (Est. -$16.4M) 🟢; -78% YoY
🔹 Non-GAAP Gross Margin: 38%; +500 bps YoYQ3 Guide:
🔹 Revenue: $105M-$115M (Est. $109M) 🟡Segment Net Revenue:
🔹 Networked…— Wall St Engine (@wallstengine) September 2, 2026
Despite the strong quarter, CHPT is still down roughly 28% over the past three months and more than 51% over the past 12 months. The premarket pop brings the stock to $6.14, still well below its 52-week high of $12.61.
Gross Margin Improvement
ChargePoint posted a non-GAAP gross margin of 38% for the quarter. That is up 600 basis points from Q1 and up 500 basis points from Q2 of last year.
Worth flagging: that 38% figure includes a one-time tariff refund of $4.2 million. Strip that out, and the adjusted gross margin sits closer to 35%.
The company also reported an adjusted EBITDA loss of $5 million for the quarter.
The gross margin trend has been one of the cleaner stories in the report. Moving from the low 30s toward the upper 30s over recent quarters shows some operational progress, even if profitability is still a ways off.
In the 90 days before this report, ChargePoint saw three positive EPS revisions and zero negative ones. That had set up a relatively favorable bar going into the print.
Q3 Guidance
Management guided Q3 revenue to a range of $105 million to $115 million. That is slightly below the Q2 result of $116 million but broadly in line with what analysts had been expecting.
The guidance range suggests growth is continuing, though the sequential step-down is worth watching.
ChargePoint’s InvestingPro financial health score is listed as “weak performance,” reflecting the ongoing losses and cash burn profile.
Peers Blink Charging and EVgo operate in the same EV charging space and serve as the closest comparable companies for context.
The broader market showed little movement Thursday morning, with the S&P 500 flat and the Nasdaq slightly lower, leaving CHPT’s premarket move largely driven by its own results.
The stock’s 52-week high of $12.61 remains a long way from current levels, even after Thursday’s move.
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