ChargePoint Beats Q2 Guidance, Narrows Loss 72% on Record Gross Margin
CHPT sits 20% above its 52-week low of $4.44.
Summary
ChargePoint delivered a strong Q2 FY27: revenue of $116.1M (up 18% YoY) beat the high end of guidance, driven by networked charging systems strength. Non-GAAP gross margin hit a record 38%, and non-GAAP net loss narrowed 72% to $9.2M. The company also guided Q3 revenue to $105M-$115M, implying continued growth. This follows the 10% workforce reduction announced in July, and the results show the restructuring is already improving profitability. Cash stands at $95.7M, down from $141.6M at the start of the year, so liquidity remains a watch item. The earnings call is at 4:30 PM ET today.
At the time of this announcement, CHPT was trading at $5.34 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $134.4M. The 52-week trading range was $4.44 to $12.61. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.