ChargePoint Q2 revenue beats estimates, driven by networked charging systems strength

ChargePoint Holdings

02/09/2026 21:15

Overview
EV charging solutions provider's fiscal Q2 revenue grew 18% yr/yr, beating analyst expectations
Company improved non-GAAP adjusted EBITDA loss and expanded gross margins, aided by tariff refunds
ChargePoint expanded partnerships and strengthened European leadership with new executive appointment

Outlook
ChargePoint expects Q3 revenue between $105 mln and $115 mln
Company remains focused on driving profitable growth through innovation and operational excellence

Result Drivers
NETWORKED CHARGING SYSTEMS - Q2 revenue growth was driven by a 25% yr/yr increase in networked charging systems sales
TARIFF REFUNDS - Q2 gross margin benefited by 4 percentage points due to tariff refunds
OPERATING EXPENSES - Decline in operating expenses contributed to improved net loss

Company press release: ID:nBw1LCrgpa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$116.08 mln
$105.22 mln (6 Analysts)
Q2 Loss Per Share
 
$1.35
 
Q2 Net Loss
 
$35.62 mln
 
Q2 Gross Margin
 
36.00%
 
Q2 Gross Profit
 
$42.30 mln
 
Q2 Loss Per Basic Share
 
$1.35
 
Q2 Pretax Loss
 
$34.08 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy."
Wall Street's median 12-month price target for ChargePoint Holdings Inc is $7.50, about 41.5% above its September 1 closing price of $5.30

Reuters Recommended Reads
Sept 2 - Tesla's China-made EV sales extend growth streak, but momentum fades
Sept 1 - Tesla's European sales mixed in August, strong in France and Denmark

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)