EV charging network operator ChargePoint Q2 revenue beats estimates

ChargePoint Holdings

03/09/2025 21:17

Overview

ChargePoint Q2 fiscal 2026 revenue of $99 mln beats analyst expectations, per LSEG data

GAAP gross margin improves to 31%, driven by subscription revenue growth

Co announces new modular Express DC fast charging architecture with Eaton

Outlook

ChargePoint expects Q3 revenue between $90 mln and $100 mln

Result Drivers

GROSS MARGIN IMPROVEMENT - GAAP gross margin increased to 31% from 24% in the prior year's qtr, driven by growth in subscription revenue and improved subscription margins

SUBSCRIPTION REVENUE GROWTH - Subscription revenue rose 10% year-over-year to $40 mln, contributing to improved non-GAAP gross margin of 33%, up from 26% in the prior yr's qtr

NEW PARTNERSHIP - ChargePoint operationalized its strategic partnership with Eaton, achieving initial revenue from their joint go-to-market strategy and launching the new Express DC fast charging architecture

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$98.59 mln
$96.60 mln (8 Analysts)
Q2 Net Income
-$66.18 mln
Q2 Gross Margin
31.0%
Q2 Basic EPS
-$2.85
Q2 Gross Profit
$30.73 mln
Q2 Pretax Profit
-$65.02 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 9 "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 $20.00, about 46.4% above its September 2 closing price of $10.72

Press Release: ID:nBwbVr7Yxa

(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.)