ChargePoint Reports Q2 Earnings with Revenue Growth, Improved Margins
ChargePoint (CHPT) reported second-quarter revenue of $116.1 million for the period ending in July 2027 — an 18% year-over-year increase and above its guidance range due to strong hardware shipments. Networked charging systems revenue rose by 25%, driven largely by North American residential demand, while subscription revenue grew 10%. The company also improved non-GAAP gross margin to 38%, aided in part by $4.2 million in tariff refunds. ChargePoint reduced inventory from $204 million to $179.5 million and achieved zero cash burn for the quarter with liquidity remaining at $95.7 million. Non-GAAP adjusted EBITDA loss narrowed significantly, improving 78% year-over-year to just -$4.8 million. The company also cut operating expenses by 11%, citing cost management initiatives and AI-driven automation. Looking ahead, ChargePoint guided for Q3 revenue between $105 million and $115 million — a modest growth outlook at the midpoint of its guidance range.
Tickers: $CHPT
Topics: guidance margin improvement operational efficiency revenue