ChargePoint Holdings reported revenue of $116.1 million in the second quarter of fiscal 2027, sending its shares up more than 70% in trading.
The company posted a loss per share of 35 cents, beating Street expectations for an 85-cent loss, and said a one-time tariff refund of $4.2 million helped results while its normalized gross margin would have set a record without that benefit.
“The growth is starting to accelerate,” CEO Rick Wilmer said, and he highlighted that ChargePoint is nearing the end of a three-year plan that cut quarterly net losses from $125.3 million three years ago to $35.6 million in the most recent quarter, with new high-performance chargers, including Level 3 units in Europe and next-generation U.S. Level 2 and Level 3 products, plus AI-driven software improvements expected to drive momentum.
ChargePoint guided third-quarter revenue to between $105 million and $115 million, a midpoint the company said would represent roughly a 4% year-on-year increase.
