ChargePoint Holdings reported a fiscal second-quarter 2027 revenue increase of 18% year-over-year to $116 million, marking the fourth consecutive quarter of growth. The company’s global portfolio includes more than 422,000 charging ports, with North America accounting for approximately $96 million of the total revenue and Europe contributing about $20 million.
Non-GAAP gross margin reached a record 38%, up 600 basis points from the prior quarter and 500 basis points from the same period last year. Excluding $4.2 million in one-time tariff refunds, normalized gross margin stood at approximately 35%. Hardware gross margins improved to 21%, while subscription gross margins reached 59% on a GAAP basis. The company’s Express Solo DC charging platform, which enables 600-plus-kilowatt charging capable of taking a passenger vehicle from 10% to 80% in 11 minutes, is entering early production with full inventory expected in fiscal Q4.
Adjusted loss per share narrowed to $1.35, outperforming analyst estimates of $1.60. Non-GAAP adjusted EBITDA loss improved to $5 million from $19 million in the prior quarter and $22 million a year earlier, translating to a negative 4% margin compared with negative 19% and negative 22% in the respective periods. Non-GAAP operating expenses totaled $52 million, down 4% sequentially and 11% year-over-year, representing 45% of revenue compared with 53% and 59% in the prior quarter and year-ago period.
Management noted the completion of a cost-optimization initiative in late July and indicated operating expenses are expected to remain below $50 million per quarter for the rest of the fiscal year. The company maintained a cash position of $95.3 million at the end of the quarter, achieving essentially zero cash burn during the period. Inventory declined by $35 million to $179 million, while current debt decreased from $32.4 million to $17.5 million.
ChargePoint provided fiscal third-quarter guidance for revenue in the range of $105 million to $115 million, with gross margins expected to remain around the normalized 35% level. The company’s stock rose nearly 18% in after-hours trading following the results, having closed the regular session at $5.19, within a 52-week range of $4.44 to $12.61.
