ChargePoint Holdings Inc (NYSE:CHPT) Reports Q2 FY2026 Results: Revenue Meets Estimates, EPS Loss Widens

Quarterly Performance Overview

ChargePoint Holdings Inc (NYSE:CHPT) reported its second-quarter fiscal 2026 financial results, revealing a mixed performance relative to analyst expectations. The electric vehicle charging infrastructure provider posted revenue of $98.6 million, narrowly surpassing the consensus estimate of $98.58 million. However, the company’s non-GAAP earnings per share came in at -$1.42, falling short of the estimated -$1.23.

The market reaction has been notably negative, with shares declining approximately 3.6% in after-hours trading. This suggests investor concern over the wider-than-expected loss, despite the slight revenue beat. Over recent periods, the stock has shown volatility, with a 10.2% gain over the past month but declines over the past two weeks and minimal change over the last week.

Financial Results Versus Estimates

The second-quarter results highlight both challenges and areas of progress for ChargePoint:

• Revenue Performance:

  • Actual Q2 Revenue: $98.6 million
  • Analyst Estimate: $98.58 million
  • Variance: +0.02%

• Earnings Per Share:

  • Actual non-GAAP EPS: -$1.42
  • Analyst Estimate: -$1.23
  • Variance: -15.4%

While revenue was essentially in line with expectations, the larger EPS loss indicates ongoing pressure on profitability. Subscription revenue showed strength, increasing 10% year-over-year to $39.9 million, but this was offset by a 21% decline in networked charging systems revenue to $50.4 million.

Operational and Strategic Highlights

ChargePoint’s earnings release emphasized improvements in operational efficiency and strategic partnerships. Key business developments include:

• Gross Margin Expansion: GAAP gross margin improved to 31%, up from 24% in the prior year’s quarter, driven by subscription revenue growth and higher subscription margins.
• Cost Management: Non-GAAP operating expenses decreased 12% year-over-year to $58.6 million, reflecting tighter cost control.
• Strategic Partnership with Eaton: The collaboration has begun generating revenue, with new product launches like the Express DC fast charging architecture, which promises significant cost and footprint reductions.
• Liquidity Position: The company reported $194.5 million in cash and cash equivalents, with an undrawn $150 million revolving credit facility and no debt maturities until 2028.

Forward Guidance and Analyst Comparisons

For the third quarter of fiscal 2026, ChargePoint provided revenue guidance ranging between $90 million and $100 million. This compares to analyst estimates for Q3 revenue of $109.97 million and an EPS loss of -$1.08. The company’s outlook falls short of these expectations, which likely contributes to the negative market sentiment.

Full-year analyst estimates project revenue of $428.7 million and an EPS loss of -$4.55. ChargePoint did not provide full-year guidance, but the Q3 outlook suggests potential headwinds in meeting annual estimates.

Market Implications and Investor Perspective

The after-hours stock decline reflects investor disappointment with the EPS miss and cautious Q3 guidance. While operational improvements and partnership developments are positive, the challenges in accelerating revenue growth and achieving profitability remain focal points for market participants. The broader context of EV adoption rates and competitive dynamics in charging infrastructure also influences investor expectations.

For further details on ChargePoint’s earnings and estimates, you can review additional information here.

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