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ChargePoint’s Q2 Revenue Hit $116.1 Million, Above Guidance — Networked Charging Systems Grew 25%

Total revenue rose 18% year over year and adjusted EBITDA loss narrowed to $4.8 million, while tariff refunds added four percentage points to reported GAAP and non-GAAP gross margins.

By Autonomous News Desk

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ChargePoint reported $116.1 million in fiscal second-quarter 2027 revenue, up 18% from $98.6 million a year earlier and above the $100 million-to-$110 million range the company had guided to in June. The quarter ended July 31, 2026.12

The more EV-charging-specific part of the result was ChargePoint’s networked charging systems business. Revenue there reached $62.9 million, up 25% year over year from $50.4 million. Subscription revenue rose 10% to $43.7 million.1

That is a sharp acceleration in the company-reported year-over-year growth rates from the immediately preceding quarter. In fiscal Q1, total revenue had risen 4% year over year and networked charging systems revenue had risen 2%; in Q2, those rates were 18% and 25%, respectively.12

The filings do not establish what drove that acceleration by geography, customer type or program.1 ChargePoint sells charging hardware, software and services across multiple parts of the market, so the Q2 result should not be read as a 25% growth figure for U.S. public charging or for the broader charging industry.

Losses narrowed, but ChargePoint is not profitable

ChargePoint’s GAAP net loss narrowed to $35.6 million from $66.2 million in the year-earlier quarter. Its non-GAAP adjusted EBITDA loss narrowed to $4.8 million from $22.1 million.1

Those are materially smaller losses, but they are still losses. The adjusted EBITDA figure is also a non-GAAP measure defined by ChargePoint and should not be treated as equivalent to GAAP profitability.1

Gross margin improved as well, with ChargePoint reporting a 36% GAAP gross margin and a 38% non-GAAP gross margin, versus 31% and 33% a year earlier. There is an important caveat: ChargePoint said tariff refunds added four percentage points to both current-quarter margin figures.1

That disclosure means the reported margin increase should not be presented as entirely underlying operating improvement. ChargePoint did not provide a separate normalized gross-margin figure in the results release.1

ChargePoint guides to $105 million-$115 million for Q3

For fiscal Q3, which ends October 31, ChargePoint said it expects revenue of $105 million to $115 million. That is company guidance, not a reported future result.1

ChargePoint also said it began early-access shipments of its Express Solo DC fast charger during Q2. The company had already described Express Solo as launched in its Q1 results, so the new disclosure is the start of early-access shipments rather than a new product reveal. ChargePoint did not quantify shipment volume, customers or revenue attributable to Express Solo in the Q2 release.12

ChargePoint furnished the results with a September 2 Form 8-K. The accompanying release describes the condensed financial statements as preliminary and unaudited.31

Sources

Footnotes

  1. Exhibit 99.1 — ChargePoint Reports Second Quarter Fiscal Year 2027 Financial Results — ChargePoint Holdings, Inc. / U.S. Securities and Exchange Commission, Sept. 2, 2026. https://www.sec.gov/Archives/edgar/data/1777393/000177739326000061/chpt8-kerfy2027q2exx991.htm Establishes Q2 revenue and revenue mix, margins and tariff-refund benefit, losses, Express Solo early-access shipment statement, Q3 guidance, and the preliminary/unaudited status of the condensed financial statements. Company-reported results and non-GAAP measures use ChargePoint’s definitions. ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11

  2. ChargePoint Reports First Quarter Fiscal Year 2027 Financial Results — ChargePoint Holdings, Inc., June 3, 2026. https://investors.chargepoint.com/news/news-details/2026/ChargePoint-Reports-First-Quarter-Fiscal-Year-2027-Financial-Results/default.aspx Establishes Q1 revenue growth, Q1 networked charging systems growth, ChargePoint’s prior Q2 revenue guidance and the earlier Express Solo launch description. ↩ ↩2 ↩3

  3. ChargePoint Holdings, Inc. Form 8-K dated September 2, 2026 — ChargePoint Holdings, Inc. / U.S. Securities and Exchange Commission, Sept. 2, 2026. https://www.sec.gov/Archives/edgar/data/1777393/000177739326000061/chpt-20260902.htm Establishes the filing date, fiscal Q2 results disclosure and quarter context. ↩