ChargePoint (CHPT) investor relations material

Executive summary

• Q2 FY27 revenue reached $116.1 million, up 18% year-over-year, driven by growth in networked charging systems and subscriptions, surpassing guidance.

• Net loss narrowed to $35.6 million from $66.2 million year-over-year, reflecting improved gross profit and reduced operating expenses.

• Non-GAAP adjusted EBITDA loss improved to $4.8 million from $22.1 million year-over-year, with record gross margins and reduced cash burn.

• Early shipments of Express Solo and expanded partnerships with Mercedes-Benz, Optimus Energy Solutions, and Onvo supported growth.

• Strategic focus on operational excellence, AI-driven efficiencies, and European expansion with new leadership appointments.

Financial highlights

• Total revenue for Q2 FY27 was $116.1 million, up 18% year-over-year, with networked charging systems contributing $62.9 million and subscriptions $44 million.

• GAAP gross margin improved to 36% (non-GAAP 38%), aided by a $4 million one-time tariff refund; normalized margin was 35%.

• GAAP operating expenses fell to $76.4 million; non-GAAP operating expenses declined to $52.3 million.

• Net loss for the quarter was $35.6 million, a 46% improvement year-over-year.

• Cash, cash equivalents, and restricted cash totaled $95.7 million as of July 31, 2026.

Outlook and guidance

• Q3 fiscal 2027 revenue guidance is $105 million–$115 million, with gross margins expected to remain at normalized levels (~35%).

• Management expects continued revenue growth in networked charging systems and subscriptions, with ongoing cost control and margin improvement.

• Continued inventory reduction and cash on hand are expected to support working capital and potential positive cash flow later in the year.