ChargePoint Q1 net loss narrows as subscription revenue grows

ChargePoint Holdings

03/06/2026 21:15

Overview
EV charging solutions provider's fiscal Q1 revenue grew 4% yr/yr, beating analyst expectations
GAAP net loss for fiscal Q1 narrowed 24% yr/yr
Company launched Express Solo, a fast standalone EV charger for mass-market passenger vehicles

Outlook
ChargePoint expects Q2 fiscal 2027 revenue between $100 mln and $110 mln

Result Drivers
SUBSCRIPTION GROWTH - Co said 7% yr/yr growth in subscription revenue contributed to overall revenue increase
COST DISCIPLINE - Co said operating expenses declined 6% yr/yr due to continued cost discipline
NEW PRODUCT LAUNCH - Co said launch of Express Solo, a fast standalone EV charger, is expected to drive growth

Company press release: ID:nBwcjq1Ma

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$101.82 mln
$96.42 mln (8 Analysts)
Q1 Net Income
 
-$43.20 mln
 
Q1 Gross Margin
 
29.00%
 
Q1 Basic EPS
 
-$1.75
 
Q1 Gross Profit
 
$29.62 mln
 
Q1 Pretax Profit
 
-$42 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 1 "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 $6.75, about 17.4% below its June 2 closing price of $8.17

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.)