ChargePoint Reports Strong Q2 Fiscal 2027 Results and Positive Outlook
ChargePoint (NYSE:CHPT) reported second-quarter fiscal year 2027 revenue of $116 million, exceeding its guidance range. This represents an 18% increase from the prior-year period and marks four consecutive quarters of annual growth. The company saw a significant rise in networked charging systems revenue (+25%) and improved gross margins to approximately 35%, driven by higher-margin AC product sales and cost reductions. ChargePoint's non-GAAP adjusted EBITDA loss narrowed significantly, from $19 million in the prior quarter to just $5 million. The company ended Q2 with $96 million in cash and reduced inventory levels to $179 million. Management is optimistic about achieving positive cash flow later this fiscal year. Looking ahead, ChargePoint expects third-quarter revenue between $105 million and $115 million and anticipates its Express Solo DC charging platform will become a major revenue driver by the start of fiscal 2028. The company also expanded its managed charging network to approximately 422,000 ports.
Tickers: $CHPT
Topics: cash_flow margin_improvement product_launch revenue_growth