ChargePoint (NYSE:CHPT) shares rose 18.3% in premarket trading after the electric vehicle charging network operator reported fiscal second-quarter 2027 revenue and adjusted earnings above analyst expectations.
Revenue for the quarter ended July 31, 2026 was $116 million, an increase of 18% from the prior-year period and above the analyst consensus estimate of approximately $105 million.
ChargePoint reported an adjusted loss per share of $1.35, compared with an analyst forecast for a loss of $1.60 per share.
Non-GAAP Gross Margin Reaches 38%
ChargePoint reported a non-GAAP gross margin of 38%, up 600 basis points from the previous quarter and 500 basis points from the same period a year earlier.
The quarterly figure included a one-time tariff refund of $4.2 million. Excluding that benefit, the company’s non-GAAP gross margin would have been approximately 35%, according to the source material.
ChargePoint also reported an adjusted EBITDA loss of $5 million.
ChargePoint Forecasts Q3 Revenue of $105 Million to $115 Million
For the fiscal third quarter, management forecast revenue of between $105 million and $115 million.
The guidance follows second-quarter revenue of $116 million and the year-over-year increase reported during the period.
Shares Reach $6.14 in Premarket Trading
The broader US equity market showed limited movement, with the S&P 500 broadly unchanged and the Nasdaq slightly lower.
ChargePoint’s premarket increase took its shares to $6.14, compared with a 52-week high of $12.61.
The source material identified Blink Charging and EVgo as comparable companies in the electric vehicle charging sector.
ChargePoint Holdings stock price
