ChargePoint Q2 FY2027 Earnings Beat Sends Stock Up Over 70%
ChargePoint's stock surged more than 70% after the electric vehicle charging company reported better-than-expected second-quarter fiscal year 2027 results. The firm posted revenue of $116.1 million, up from $98.6 million a year ago and exceeding analyst expectations of $105.2 million. ChargePoint also narrowed its GAAP net loss to $35.6 million compared to $66.2 million in the prior-year period. The company attributed part of its improved performance to a one-time tariff refund, but noted that even without this benefit, gross margin would have set a new record at 36%. ChargePoint also reported an adjusted EBITDA loss narrowing significantly from $22.1 million to just $4.8 million year-over-year. CEO Rick Wilmer highlighted the company's operational discipline and projected continued growth driven by new products entering the market. ChargePoint is nearing profitability on an EBITDA basis, according to management.
Tickers: $CHPT