Q2 2026 ChargePoint Holdings Inc Earnings Call Transcript
Key Points
- ChargePoint Holdings Inc (CHPT) reported second-quarter revenue of $99 million, reaching the top of their guidance range.
- The company achieved a non-GAAP gross margin of 33%, the highest since becoming a public company.
- Cash management was strong, with an ending balance of $195 million, only $2 million below the previous quarter.
- ChargePoint's collaboration with GM is progressing, with nearly 12 sites and more than 50 new fast charging ports.
- The partnership with Eaton is expected to accelerate the deployment of electric vehicle charging infrastructure across North America and Europe.
- Passenger EV sales growth in the US slowed to a 3% year-over-year increase, causing concern for future EV adoption.
- The expiration of the consumer 30 EV tax and 30C alternative fuel vehicle refueling credit poses a risk to future demand.
- Delays in major projects and extended expansion buildouts have been noted, although no project cancellations have occurred.
- ChargePoint has pushed out its target for non-GAAP adjusted EBITDA breakeven beyond this year due to revenue impact from delays.
- Revenue for the second quarter was down 9% year on year, indicating challenges in maintaining growth momentum.
Good afternoon and thank you for standing by and welcome to ChargePoint's second-quarter fiscal year 2026 financial results conference call. Please be advised today's conference is being recorded and a replay will be available on ChargePoint's Investor Relations website.
I would now like to hand the conference over to AJ Gosselin, Director of Corporate Communications.
Good afternoon and thank you for joining us on today's conference call to discuss ChargePoint's second-quarter fiscal 2026 earnings results. This call is being webcast and can be accessed on the Investors section of our website at investors.chargepoint.com.
With me on today's call are Rick Wilmer, our Chief Executive Officer; and Mansi Khetani, our Chief Financial Officer.
This afternoon, we issued our press release announcing results for the quarter ending July 31, 2025, which can be found on our website.
We'd like to remind you that during the conference call, management will
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
