EarningsQ2 2027 Earnings Report
MX:CHPT Q2 2027 EPS Results
Actual EPS-$23.70
Consensus EPS-$27.59
Beat/MissBeat by +$3.90
One Year Ago EPS-$50.03
MX:CHPT Q2 2027 Revenue Results
Actual Revenue$2.04B
Expected Revenue$1.85B
Beat/MissBeat by +$190.78M
YoY Revenue Growth+17.74%
Earnings Announcement Details
QuarterQ2 2027
Date09/02/2026
TimeAfter Close
Conference CallWednesday, September 2, 2026
MX:CHPT Upcoming Earnings
ChargePoint Holdings's next earnings date is estimated for December 9, 2026, based on past reporting schedules.
Q2 2027 Earnings Call Audio
MX:CHPT Q2 2027 Earnings Call
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Q2 2027 Earnings Slide Deck
Q2 2027 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive. ChargePoint reported a substantial revenue beat, its fourth consecutive quarter of year-over-year growth, record reported and improved normalized gross margins, sharply reduced operating losses, essentially zero cash usage, lower inventory and expanding customer, product and European opportunities. The main cautions were the expected moderation in Q3 growth, the nonrecurring nature of the tariff refund, continued adjusted EBITDA losses, cash flow that has not yet turned positive and supply-chain cost pressures.Company Guidance
Revenue Beat and Sustained Growth
Second-quarter revenue was $116 million, above the $100 million to $110 million guidance range, up 14% sequentially and 18% year-over-year. This marked the fourth consecutive quarter of year-over-year revenue growth and ChargePoint's strongest quarter in recent history.
Network Charging and Subscription Revenue Growth
Network charging systems revenue was $63 million, representing 54% of total revenue, up 18% sequentially and 25% year-over-year. Subscription revenue was $44 million, or 38% of total revenue, up 7% sequentially and 10% year-over-year.
Record Gross Margin and Operational Improvements
Non-GAAP gross margin reached a public-company record of 38%, up 7 percentage points sequentially and 5 percentage points year-over-year. Excluding approximately $4 million of one-time tariff refunds, normalized gross margin was approximately 35%, up 3 percentage points sequentially and 2 percentage points year-over-year, supported by operational efficiencies, economies of scale, improved warranty, freight and warehousing costs, and product mix.
Improved Profitability and Lower Operating Expenses
Non-GAAP operating expenses declined to $52 million from $54 million in the prior quarter, a 4% sequential reduction and an 11% year-over-year decrease. Adjusted EBITDA loss narrowed to $5 million from $19 million in Q1 and $22 million in the second quarter of the prior year. ChargePoint expects quarterly non-GAAP operating expenses to remain below $50 million for the rest of the year.
Essentially Zero Cash Usage
ChargePoint ended the quarter with $96 million of cash, unchanged from Q1, reflecting essentially 0 cash usage during the period. The company attributed this result to improved adjusted EBITDA and inventory reduction initiatives.
Inventory Reduction and Working Capital Release
Inventory declined to $179 million from $204 million in the prior quarter as ChargePoint sold through inventory on hand. Management stated that the reduction released working capital and converted it into cash, helping fund operations while preserving liquidity.
Express Solo Early Shipments and Backlog
ChargePoint began shipping early access units of Express Solo, its first product based on its new DC charging architecture. Early access units are being shipped almost every week or every other week, backlog is building, and production inventory is expected to be available in fiscal Q4. Management expects Express to become a significant revenue driver as it scales entering fiscal 2028.
600-Plus Kilowatt Charging Demonstration
ChargePoint demonstrated a 600-plus kilowatt charge on a passenger vehicle at its headquarters, charging the vehicle from 10% to 80% state of charge in 11 minutes on a production system based on the Express architecture.
Expanded Product and Technology Roadmap
Management said variants of the Express Solo product targeting different vertical markets and use cases are expected to enter production over the coming 1.5 years. The company also cited continuing innovation across single-port AC, dual-port AC and future DC products.
AI-Driven Productivity and Organizational Efficiency
ChargePoint stated that AI is compressing software development cycles, automating business processes and enabling the company to accomplish more with less. Management said software engineering productivity has doubled, with the company producing twice as much code as previously, while AI is also influencing customer support and enabling a flatter organizational structure with broader spans of control.
European Growth Strategy and Leadership Addition
ChargePoint is building a sales and marketing engine with significant emphasis on Europe and appointed John Saffrett as Executive Vice President and Managing Director of Europe. Management cited his regional expertise and experience building and scaling European organizations.
Growing Charging Network and User Metrics
Software-only managed ports increased to 138,750 from 135,000 last quarter. Monthly active users increased to 1.55 million from 1.48 million. ChargePoint-managed ports rose to approximately 422,000 from 406,000, including more than 46,950 DC fast chargers versus 44,650 and more than 150,000 European ports versus 145,000. Drivers had access to almost 1.5 million public and private charging ports globally, up from slightly over 1.4 million.
Higher Utilization Across AC Ports
The number of AC ports exceeding 30% utilization at least one day in a month reached 141,000, compared with slightly over 100,000 AC ports in April 2026. Management noted that the increase was partly attributable to a change in how utilization is calculated for individual session times.
Strengthening EV Market Demand
Management cited average U.S. gas prices of approximately $4.10 per gallon in late July, up roughly 31% from one year earlier. Used EV sales reached 42,923 units in May, up 5.5% month-over-month and 24.7% year-over-year, while 96% of EV owners surveyed by J.D. Power said they would consider purchasing or leasing another EV even without the expired federal tax credit.
European EV Sales Growth
European EV sales climbed 33% year-over-year in July and 28% year-to-date. July EV sales increased 81% in France, 46% in Germany and 43% in Britain. In the U.K., electrified vehicles occupied all 10 spots on Auto Trader's fastest-selling used-car rankings in July.
Strategic Customer and Market Expansion
ChargePoint expanded its relationship with Mercedes-Benz for fleet electrification in the U.K. and Germany; signed Optimus Energy Solutions to add more than 200 DC ports across the U.S. Southeast; agreed with Onvo to deploy DC fast charging at a dozen Northeast travel stops; and announced an airport rental-car electrification deployment at Portland International Airport.
Transit and Government Electrification Wins
ChargePoint's Rhode Island partnership now has more than 140 active charging ports across approximately 95 sites, with additional DC fast-charging sites expected. In partnership with Eaton, ChargePoint also began work with Santa Monica's Department of Transportation on its transition to a zero-emission Big Blue Bus fleet by 2032. The $56 million infrastructure investment includes plans for 130 DC fast-charging ports using the Express Plus line.
Eaton Partnership and Pipeline Expansion
ChargePoint described its Eaton relationship as a deep co-engineered technology and go-to-market partnership spanning product development, joint selling and customer solution design. Management said customer interest and the pipeline of co-developed opportunities continue to accelerate and are converting into customer wins.
Asian Manufacturing Transition Completed
Management stated that ChargePoint had fully executed its transition to Asian manufacturing partnerships. The lower-cost manufacturing strategy is contributing to reported margin improvement, while new product designs are being developed with a more favorable fundamental cost structure.
Third-Quarter Revenue Guidance
ChargePoint expects fiscal third-quarter revenue of $105 million to $115 million, representing 4% year-over-year growth at the midpoint.
MX:CHPT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed