ChargePoint Reports Strong Q2 FY2027 Results as Revenue Rises 18% and Losses Narrow
ChargePoint Holdings, Inc. reported a significant improvement in its financial performance for the second quarter of fiscal year 2027, highlighting stronger revenue growth, improved gross margins, lower operating expenses, and a substantial reduction in losses. The electric vehicle charging company said the quarter demonstrated the impact of continued operational discipline and its focus on improving profitability while expanding its charging ecosystem.
For the quarter ended July 31, 2026, ChargePoint generated revenue of $116.1 million, representing an 18% increase from $98.6 million during the same period a year earlier. The company said the results exceeded the high end of its previously provided guidance.
ChargePoint President and Chief Executive Officer Rick Wilmer described the second quarter as an exceptional period for the company, pointing to record non-GAAP gross margin, disciplined cash management, and continued progress across its product and partnership initiatives.
According to Wilmer, ChargePoint’s priorities remain centered on profitable growth, product innovation, operational efficiency, and disciplined execution as the company moves into the second half of fiscal 2027.
Revenue Growth Driven by Charging Systems and Subscriptions
ChargePoint’s second-quarter results reflected growth across its major revenue categories.
Networked charging systems generated $62.9 million in revenue during the quarter, an increase of 25% compared with $50.4 million in the prior-year period. The stronger performance indicates continued demand for connected electric vehicle charging infrastructure as businesses, fleets, commercial properties, and other organizations expand their electrification capabilities.
Subscription revenue also increased during the quarter. ChargePoint reported $43.7 million in subscription revenue, up 10% from $39.9 million in the same quarter of the previous fiscal year.
The combination of hardware-related revenue and recurring subscription income remains an important component of ChargePoint’s business model. Networked charging systems provide customers with physical charging infrastructure, while subscription offerings support software, connectivity, management, and related services.
The overall 18% increase in quarterly revenue demonstrates continued commercial activity across the company’s charging ecosystem despite the broader challenges facing the electric vehicle industry.
Gross Margin Reaches New High
One of the most notable developments in the second-quarter results was ChargePoint’s improvement in gross margin.
The company reported a GAAP gross margin of 36%, compared with 31% in the second quarter of the previous fiscal year. On a non-GAAP basis, gross margin reached 38%, compared with 33% a year earlier.
ChargePoint said both its GAAP and non-GAAP gross margins benefited by four percentage points from tariff refunds during the current quarter. While the refunds contributed to the reported improvement, the company also emphasized its broader focus on operational discipline and improving the economics of its business.
Higher gross margins are particularly important as ChargePoint works toward sustainable profitability. Improving the amount of revenue retained after the cost of delivering products and services can provide the company with greater flexibility to invest in technology, sales, customer support, and market expansion.
The record non-GAAP gross margin was therefore an important milestone for the company as it seeks to strengthen its financial profile.
Operating Expenses Continue to Decline
ChargePoint also made progress in controlling operating costs during the quarter.
GAAP operating expenses fell to $76.4 million, down 15% from $89.7 million in the comparable quarter of the previous fiscal year.
Non-GAAP operating expenses declined 11% to $52.3 million from $58.6 million a year earlier.
The reductions demonstrate the company’s continued emphasis on cost management and operational efficiency. Lower operating expenses, combined with revenue growth and improved gross margins, contributed to a substantial improvement in ChargePoint’s bottom-line results.
For a company operating in a rapidly evolving technology and infrastructure market, maintaining disciplined spending can be particularly important. ChargePoint continues to invest in its products, partnerships, and international expansion while simultaneously working to reduce its cost structure.
Net Loss Narrows Significantly
ChargePoint’s improved financial performance was also reflected in its net loss.
The company reported a GAAP net loss of $35.6 million for the second quarter, compared with a $66.2 million loss in the same period a year earlier. That represents a 46% reduction in the company’s GAAP net loss.
The improvement was even more pronounced on a non-GAAP basis. ChargePoint reported a non-GAAP net loss of $9.2 million, compared with $33.0 million in the prior-year quarter, representing a 72% reduction.
Adjusted EBITDA also showed substantial improvement. The company reported a non-GAAP adjusted EBITDA loss of $4.8 million, compared with a $22.1 million loss in the same quarter of the previous year. The 78% reduction in the adjusted EBITDA loss highlights the company’s progress toward improving its underlying operating performance.
Although ChargePoint remained unprofitable during the quarter, the significant reduction in losses indicates that the company is moving closer to its objective of generating profitable growth.
Continued Focus on Cash Management
ChargePoint ended the quarter with $95.7 million in cash, cash equivalents, and restricted cash on its balance sheet as of July 31, 2026.
The company’s management highlighted cash management as an important part of its operational strategy. Maintaining liquidity gives ChargePoint resources to support its ongoing business activities while continuing to invest selectively in growth opportunities.
The company’s approach combines cost discipline with targeted investment in products, partnerships, and geographic expansion. This strategy is intended to help ChargePoint navigate the evolving EV charging market while working toward improved financial sustainability.
As of July 31, 2026, ChargePoint had approximately 27 million shares of common stock outstanding.
New Product and Technology Developments
During the second quarter, ChargePoint continued advancing its product portfolio. One of the company’s key developments was the beginning of early access shipments for Express Solo.
The product represents another step in ChargePoint’s efforts to provide charging solutions for customers with varying infrastructure requirements. Early access shipments allow the company to begin placing new technology with selected customers while gathering practical feedback and preparing for broader deployment.
ChargePoint’s continued product development is part of its wider strategy to serve businesses and organizations looking for scalable charging infrastructure as electric vehicle adoption expands.
Expansion of Eaton Partnership
ChargePoint also continued expanding its partnership with Eaton during the quarter.
The relationship reflects the growing importance of integrating EV charging with broader electrical infrastructure. Partnerships with established energy and electrical technology companies can help charging providers deliver more comprehensive solutions to commercial and industrial customers.
ChargePoint has increasingly positioned its technology as part of a larger electrification ecosystem rather than simply as a provider of individual charging stations. Partnerships such as its relationship with Eaton can support that broader strategy.
European Leadership Strengthened
International expansion was another major focus during the quarter. ChargePoint appointed automotive industry veteran John Saffrett as Executive Vice President and Managing Director for Europe.
In his new role, Saffrett will oversee the company’s European sales activities, customer relationships, partnerships, and market expansion efforts.
Europe remains an important market for electric mobility, with businesses and governments continuing to develop charging infrastructure to support the transition toward electrified transportation.
ChargePoint’s decision to strengthen its European leadership team reflects its intention to expand its presence across the continent and pursue additional opportunities in commercial charging and e-mobility.
Expanded Partnership With Mercedes-Benz
ChargePoint also announced an extension of its long-standing partnership with Mercedes-Benz.
Under the new agreement, Mercedes-Benz business customers in the United Kingdom and Germany will have access to comprehensive charging solutions designed for fleet operators.
Fleet electrification is becoming an increasingly important area of the EV charging market. Commercial fleets often have more complex charging requirements than individual consumers, including the need to manage multiple vehicles, charging schedules, energy consumption, and operational uptime.
By working with Mercedes-Benz, ChargePoint can target business customers that are transitioning their fleets toward electric vehicles while providing charging infrastructure and related services.
New Charging Deployments in the Eastern United States
ChargePoint announced agreements with Optimus Energy Solutions and Onvo during the quarter, with the combined initiatives expected to add hundreds of charging ports in the eastern United States.
Optimus Energy Solutions is a U.S.-based charge point operator, while Onvo operates travel plazas in Pennsylvania.
Travel centers and other high-traffic locations represent an important opportunity for EV charging expansion because drivers increasingly require convenient access to charging along major transportation routes.
The planned additions will expand the availability of charging infrastructure in the eastern U.S. and support the development of a more connected charging network.
Innovative Airport Charging Project
ChargePoint also announced a new charging deployment with Portland International Airport.
The project will feature overhead fast charging technology with retractable cable management. The design is intended to address some of the traditional challenges associated with deploying charging equipment in busy airport environments.
Airports face unique infrastructure constraints because available space can be limited, equipment must withstand demanding operating conditions, and charging systems need to accommodate a wide range of vehicles.
ChargePoint said the project provides a potential blueprint for airport charging deployments worldwide. By placing the charging infrastructure overhead and incorporating retractable cable management, the system is designed to balance space requirements, cost considerations, and equipment durability.
Outlook for the Third Quarter
Looking ahead, ChargePoint provided guidance for the third quarter of fiscal year 2027.
For the quarter ending October 31, 2026, the company expects revenue between $105 million and $115 million.
The forecast represents a sequential decline from the $116.1 million reported in the second quarter, but the company remains focused on improving the quality and profitability of its revenue.
ChargePoint’s management is expected to continue emphasizing gross-margin improvement, expense management, product development, and strategic partnerships as the company enters the second half of the fiscal year.
ChargePoint Targets Profitable Growth
The second-quarter results represent a period of meaningful progress for ChargePoint. Revenue increased 18%, networked charging systems revenue rose 25%, and subscription revenue grew 10%. At the same time, the company reduced operating expenses and significantly narrowed both its GAAP and non-GAAP losses.
The improvement in adjusted EBITDA was particularly notable, with the loss shrinking 78% from the prior-year period. Combined with a record non-GAAP gross margin, the results suggest that ChargePoint is making progress toward creating a more efficient business model.
At the same time, the company continues to invest in long-term growth opportunities. New product shipments, the expansion of its Eaton partnership, strengthened European leadership, and new relationships with Mercedes-Benz, Optimus Energy Solutions, and Onvo all support its broader strategy.
The Portland International Airport deployment further demonstrates ChargePoint’s efforts to develop specialized charging solutions for demanding commercial environments.
As electric vehicle adoption continues to reshape transportation and energy infrastructure, charging networks are expected to play an increasingly important role. ChargePoint’s strategy is centered on combining charging hardware, software, subscriptions, partnerships, and services to meet that demand.
With the second quarter behind it, the company enters the remainder of fiscal 2027 focused on maintaining revenue growth while further improving margins, controlling costs, managing cash carefully, and moving toward sustainable profitability.
ChargePoint’s latest results indicate that its financial performance is moving in a more favorable direction, while its expanding partnerships and product initiatives position the company to pursue additional opportunities across the global e-mobility market.
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