Track market-moving stories before they get noisy

ChargePoint Holdings (NYSE:CHPT) stock is up 38% year to date (YTD) and trades at $9.18 midday Friday, putting the EV-charging name within striking distance of $10.

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."

Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.

A safer approach could be investing in bargain stocks with recent price momentum. While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.

There are several stocks that currently pass through the screen and ChargePoint Holdings, Inc. (CHPT - Free Report) is one of them. Here are the key reasons why this stock is a great candidate.

A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 49.4%, the stock of this company is certainly well-positioned in this regard.

While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. CHPT meets this criterion too, as the stock gained 30.1% over the past 12 weeks.

Moreover, the momentum for CHPT is fast paced, as the stock currently has a beta of 1.77. This indicates that the stock moves 77% higher than the market in either direction.

Given this price performance, it is no surprise that CHPT has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.

In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped CHPT earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Most importantly, despite possessing fast-paced momentum features, CHPT is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. CHPT is currently trading at 0.53 times its sales. In other words, investors need to pay only 53 cents for each dollar of sales.

So, CHPT appears to have plenty of room to run, and that too at a fast pace.

In addition to CHPT, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.

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Shares of ChargePoint (CHPT +8.92%) rocketed more than 77% higher this past week after the electric vehicle charging infrastructure provider reported stronger-than-expected financial results, and its leadership team gave upbeat commentary on the EV industry.

Image source: Getty Images.

ChargePoint's losses are narrowing as it scales its operations ChargePoint's revenue rose 18% year over year to $116 million in its fiscal 2027 second quarter, which ended July 31.

The gains were fueled by a 25% surge in networked charging systems revenue to $63 million, and a 10% jump in subscription revenue to $44 million.

During a conference call with analysts, CEO Rick Wilmer noted that higher gas prices are boosting demand for EVs in the U.S. He also pointed to a J.D. Power report showing that once someone purchases an EV, they're likely to continue to do so.

"Once consumers go electric, they stay," Wilmer said.

Additionally, Wilmer said EV trends are even more favorable in Europe, with sales up 33% year over year in July.

"Globally, the long-term case for EV adoption continues to strengthen, and we are seeing meaningful real-time market dynamics that support continued growth for ChargePoint," Wilmer said.

Today's Change

(

8.92

%) $

0.81

Current Price

$

9.89

At the same time, ChargePoint is working to cut costs. The company's adjusted operating expenses declined by 11% to $52.3 million.

All told, ChargePoint's adjusted net loss shrank by 72% to $9.2 million.

New innovations should drive ChargePoint's expansion Wilmer highlighted an ultrafast new charger that ChargePoint codeveloped with power management giant Eaton. Billed as "the world's fastest stand-alone EV charger," the Express Solo can deliver up to 600 kilowatts of power and charge an EV from 10% to 80% in just 11 minutes.

"We co-engineered Express with Eaton with an uncompromising focus on performance, scalability, energy density, and economics that we believe is unmatched," Wilmer said. "Early access units have begun shipping, and the demand signal from customers has been exceptional."

ChargePoint just posted one of the sharpest single-session surges in its history, but the numbers behind the move tell a more complicated story than the ticker suggests.

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After Wednesday’s close, ChargePoint Holdings (NYSE:CHPT) reported a fiscal second-quarter revenue beat and a materially narrower adjusted loss, and Thursday’s session has produced a violent reaction in ChargePoint stock. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 1% to $772.51, so the market isn’t doing most of the lifting on this one.

ChargePoint stock is up 74% to $9.05 on Thursday afternoon, one of the sharpest single-session moves the name has recorded. ChargePoint shares closed down 22% year to date and down 6% over the past month through Wednesday’s close, so this is a violent recovery off a low base. Even after Thursday’s rally, ChargePoint stock trades below its 52-week high of $12.61.

Revenue Beat and Narrower Loss Clear Estimates For its fiscal second quarter ended July 31, ChargePoint reported revenue of $116.1 million, up 18% year over year and ahead of the roughly $105 million analysts expected. The company’s non-GAAP adjusted EBITDA loss narrowed to $4.8 million, an improvement of 78% from a year earlier and well ahead of the $16.4 million loss analysts had forecast. On the bottom line, ChargePoint posted an adjusted loss per share of $1.35 against a forecast loss of $1.60, clearing consensus on all three headline metrics at once.

ChargePoint’s segment detail showed hardware outrunning software, with Networked Charging Systems revenue up 25% year over year to $62.9 million and Subscription revenue up 10% to $43.7 million. That mix matters, since hardware growth is what would eventually turn ChargePoint from a subscription-heavy story into one with real product volume. The company held $95.7 million in cash, cash equivalents and restricted cash at quarter-end, and management flagged essentially zero cash burn during the quarter, according to ChargePoint.

Margin Expansion Leans on a One-Time Refund ChargePoint’s non-GAAP gross margin rose 500 basis points year over year to 38%, a record for the company on that measure. The figure included a one-time tariff refund of $4.2 million at ChargePoint, and excluding that benefit non-GAAP gross margin would have printed at 35%. On a clean basis, the underlying 35% level still steps up meaningfully from the year-ago quarter.

Looking ahead, ChargePoint guided fiscal third-quarter revenue to a range of $105 million to $115 million against the roughly $109 million analysts expected. The range brackets consensus without clearing it, so the forward number didn’t move the way the reported quarter did. That gap between the size of Thursday’s reprice and the modest guidance signal is the real tension in a 74% session, and no short interest data is available to confirm a covering dynamic behind the magnitude.

Peer Charging Names Offer No Read-Across The closest listed comparables in EV charging carry no same-day catalyst to test whether the enthusiasm extends past ChargePoint. Blink Charging (NASDAQ:BLNK) sits in the same subsector as a smaller public charging operator pursuing its own margin turnaround. EVgo (NASDAQ:EVGO) rounds out the fast-charging peer set with a network operator model that leans closer to owner-operator economics than ChargePoint’s capital-light approach.

Beyond the direct peer set, the Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) covers the broader mobility theme, though its holdings skew toward automakers, semiconductors and battery names instead of charging-network operators. That leaves no clean sector proxy for whether traders are chasing charging infrastructure specifically or just chasing ChargePoint on its own results. Either way, the read-across from a single-name reprice this large is limited.

What to Watch Next ChargePoint’s fiscal third-quarter print is the next data point that will test whether Thursday’s reprice is sustainable, since the guidance range brackets consensus without raising it. Traders can watch for whether early access shipments of Express Solo and the extended Mercedes-Benz fleet partnership in the UK and Germany translate into a stronger revenue trajectory in the back half of the fiscal year.

The magnitude of Thursday’s move exceeds what the reported figures alone account for, and ChargePoint stock still trades below its 52-week high even after the run. Investors should keep their position sizing modest given the low share price, the continued adjusted EBITDA loss, and a margin beat that leans partly on a tariff refund that isn’t slated to repeat.

Contact [email protected] for any questions or corrections.

ChargePoint Holdings CEO Rick Wilmer believes a surge in the electric vehicle charging company's stock Thursday is just "the beginning of the momentum," he told CNBC.

Shares of ChargePoint increased more than 70% during afternoon trading after the company significantly beat Wall Street's second-quarter expectations for its 2027 fiscal year and guided toward continued improvements in its performance.

It's the most notable increase since it underwent a reverse stock split last year to raise its share price and maintain compliance with the New York Stock Exchange's minimum trading price requirement of $1 per share.

"The growth is starting to accelerate," Wilmer told CNBC during an interview Thursday morning. "It'll be driven substantially by the new products and technology we're putting into the market."

ChargePoint, unlike some EV charging companies, does not actually own and operate its chargers. It provides hardware, software and services to customers, such as businesses, that want to offer chargers to their employees or customers.

The company after markets closed Wednesday reported revenue of $116.1 million and a loss per share of 35 cents during the quarter. That compared with analyst expectations of $105.2 million in revenue and a loss of 85 cents, according to average estimates compiled by LSEG.

ChargePoint stock over one day

Its performance was assisted by a one-time tariff refund of approximately $4.2 million in the quarter, but the company said its normalized gross margin would have still set a new record without the benefit.

"We've now had our fourth consecutive quarter of year-over-year growth, and this quarter we just reported yesterday was obviously another good growth quarter," Wilmer said. "And now [we're] expecting that to accelerate, especially as we move into next year."

As part of its growth plan, the company has been introducing faster high-performance chargers, known as "Level 3," in Europe, as well as next-generation products for the U.S., including Level 2 and Level 3 chargers.

The company also is using artificial intelligence to improve charging times for its customers, reduce how long it takes to develop software and improve efficiency across its business, Wilmer said.

Wilmer's optimism comes despite a slowdown in all-electric vehicle sales during the past year, following the elimination of federal support for the industry in the U.S., including the end of an up to $7,500 consumer benefit for purchasing an EV.

"I think, altogether, the down cycle, or the doom and gloom, has been a bit overstated. I think there's a lot more positivity at the ground level," Wilmer said. "I just think in the end, better products can win."

U.S. automakers are continuing to sell EVs, and demand in the used vehicle market is strong amid high gas prices, but the move to non-gas-powered vehicles has been significantly lower than many companies and analysts previously expected.

ChargePoint is toward the end of a three-year business plan spearheaded by Wilmer that focused on reducing cash burn and profits, including cutting net losses from $125.3 million three years ago to $35.6 million during its most recent quarter.

The company has not disclosed when it plans to be profitable, but Wilmer said the company is on its way to achieve a profit on an earnings before interest, taxes, depreciation and amortization basis.

"We're approaching that quickly, and we want to get there ASAP," he said Thursday.

ChargePoint's third-quarter guidance for its 2027 fiscal year included revenue between $105 million and $115 million, which would be a mid-point increase of roughly 4% year-over-year.

ChargePoint Holdings Inc. (NYSE:CHPT) shares are trading higher Thursday after the company reported second-quarter results on Wednesday after market close.

ChargePoint stock is among today’s top performers. What’s driving CHPT stock higher? Q2 Beat with Revenue Growth and Improved MarginsChargePoint reported an adjusted loss of 35 cents per share, beating the consensus estimate of a loss of 84 cents. In addition, the company reported revenue of $116.075 million, beating the consensus estimate of $105.223 million.

Networked charging systems revenue came in at $62.9 million, up 25% from $50.4 million in the same period last year. Subscription revenue rose 10% to $43.7 million from $39.9 million a year earlier. Cash, cash equivalents and restricted cash stood at $95.7 million as of July 31, with approximately 27 million shares of common stock outstanding.

“The second quarter was an exceptional quarter for ChargePoint as we exceeded the high end of our guidance, delivered record non-GAAP gross margin, and managed our cash with extreme rigor through continued operational discipline,” said Rick Wilmer, President and CEO of ChargePoint.

Q3 Sales GuidanceChargePoint sees third-quarter sales of $105.000 million to $115.000 million, versus the consensus estimate of $109.286 million.

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ChargePoint Shares Race HigherCHPT Price Action: At the time of publication, ChargePoint shares are trading 18.11% higher at $6.13, according to data from Benzinga Pro.

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CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint Holdings, Inc. (NYSE:CHPT) (“ChargePoint” or the "Company"), a global leader in intelligent electrification and e-mobility, today reported its financial results for the second quarter of fiscal year 2027, which ended July 31, 2026.

“The second quarter was an exceptional quarter for ChargePoint as we exceeded the high end of our guidance, delivered record non-GAAP gross margin, and managed our cash with extreme rigor through continued operational discipline,” said Rick Wilmer, President and Chief Executive Officer of ChargePoint. “In the quarter, we began early access shipments of Express Solo, continued expansion of our partnership with Eaton, and fortified our leadership team in Europe with the appointment of John Saffrett as Executive Vice President and Managing Director to lead our growth strategy and market expansion across the continent. As we enter the second half of the year, we remain focused on driving profitable growth through innovation, operational excellence, and disciplined execution against our strategic plan.”

Second Quarter Fiscal 2027 Financial Overview

Revenue. Second quarter revenue was $116.1 million, up 18% from $98.6 million in the prior year’s same quarter. Networked charging systems revenue for the second quarter was $62.9 million, up 25% from $50.4 million in the prior year’s same quarter. Subscription revenue was $43.7 million, up 10% from $39.9 million in the prior year’s same quarter. Gross Margin. Second quarter GAAP gross margin was 36% as compared to 31% in the prior year's same quarter, and non-GAAP gross margin was 38% as compared to 33% in the prior year's same quarter. The current period GAAP and non-GAAP gross margins include a 4 percentage points benefit due to tariffs refunds. Operating Expenses. Second quarter GAAP operating expenses were $76.4 million, down 15% from $89.7 million in the prior year's same quarter. Non-GAAP operating expenses were $52.3 million, down 11% from $58.6 million in the prior year's same quarter. Net Income/Loss. Second quarter GAAP net loss was $35.6 million, down 46% from $66.2 million in the prior year's same quarter. Additionally, non-GAAP net loss was $9.2 million, down 72% from $33.0 million in the prior year's same quarter and non-GAAP adjusted EBITDA loss was $4.8 million, down 78% from $22.1 million in the prior year's same quarter. Liquidity. As of July 31, 2026, cash, cash equivalents and restricted cash on the balance sheet was $95.7 million. Shares Outstanding. As of July 31, 2026, ChargePoint had approximately 27 million shares of common stock outstanding. Business Highlights

ChargePoint appointed automotive industry veteran John Saffrett as Executive Vice President and Managing Director for Europe, overseeing sales, customer relationships, partnerships, and market expansion across the continent. ChargePoint extended its long-standing partnership with Mercedes-Benz with a new agreement that provides Mercedes-Benz business customers with comprehensive charging solutions for fleet operators in the UK and Germany. ChargePoint announced agreements with Optimus Energy Solutions, a leading U.S.-based charge point operator, and Onvo, a Pennsylvania-based travel plaza brand, that will collectively add hundreds of new charging ports in the eastern U.S. ChargePoint and Portland International Airport announced a new overhead fast charging deployment featuring retractable cable management that eliminates the traditional trade-offs between space, cost, and equipment durability, delivering a blueprint for airports worldwide. Third Quarter of Fiscal 2027 Guidance

For the third fiscal quarter ending October 31, 2026, ChargePoint expects revenue of $105 million to $115 million.

Conference Call Information

ChargePoint will host a conference call to review the Company’s financial results at 1:30 p.m. Pacific (4:30 p.m. Eastern time) today.

A live webcast of the conference call will be available at https://events.q4inc.com/attendee/486534852. Participants can also access the conference call by dialing +1 (833) 461 5787 (North America) or +1 585 542 9983 (International) and entering Conference ID 486 534 852. A recording will be available after the conclusion of the webcast and archived for one year on ChargePoint’s investor relations website. A copy of the press release with the financial results will be also available on ChargePoint’s investor relations website prior to the commencement of the webcast.

About ChargePoint Holdings, Inc.

ChargePoint has established itself as a global leader in intelligent electrification and e-mobility since its inception in 2007, long before EVs became widely available. The company provides comprehensive solutions tailored to the entire EV ecosystem, from the grid to the dashboard of the vehicle. The company serves EV drivers, charging station owners, vehicle manufacturers, and similar types of stakeholders. With a commitment to accessibility and reliability, ChargePoint’s extensive portfolio of software, hardware, and services ensures a seamless charging experience for drivers across North America and Europe. ChargePoint empowers every driver in need of charging access, connecting them to almost 1.5 million public and private charging ports worldwide. ChargePoint has facilitated the powering of more than 25 billion electric miles, underscoring its dedication to reducing greenhouse gas emissions and electrifying the future of transportation. For further information, please visit the ChargePoint pressroom or the ChargePoint Investor Relations site. For media inquiries, contact the ChargePoint press office.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including statements regarding our projected revenue for the third quarter of fiscal year 2027. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: macroeconomic trends, such as changes in or sustained inflation, interest rate volatility, increased tariffs or other events beyond our control on the overall economy which may reduce demand for our products and services; geopolitical events and conflicts; adverse impacts to our business and those of our customers and suppliers, including due to supply chain disruptions, component shortages, and associated logistics expense increases; our ability as an organization to successfully acquire, integrate or partner with other companies, products or technologies in a successful manner such as our partnership efforts with Eaton Corporation; our dependence on widespread acceptance and adoption of EVs, including any delays or modifications to auto manufacturers' plans and strategies to transition to predominately manufacture EVs and any corresponding decreased demand for installation of charging stations; our current dependence on sales of charging stations for the majority of our revenues; overall demand for EV charging and the potential for reduced demand for EVs if governmental policies, rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of EVs or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; our ability, and our reliance on our customers, to successfully implement, construct and manage state, federal and local charging infrastructure programs in accordance with the respective terms of such program in order to validly secure and obtain awarded funding and win additional grant opportunities; our reliance on contract manufacturers, including those located outside the United States, may result in supply chain interruptions, delays and expense increases which may adversely affect our sales, revenue and gross margins; our ability to expand our operations and market share in Europe; the need to attract additional fleet operators as customers, especially autonomous EV fleets; potential adverse effects on our revenue and gross margins due to delays and costs associated with new product introductions, such as our new AC and Express DC fast charging product architectures, inventory obsolescence, component shortages and related expense increases; the ability or success of our new AC and Express DC fast charging product architectures to result in an increased demand for charging products by commercial, residential and fleet charging customers; adverse impact to our revenues and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by us; the effects of competition; risks related to our dependence on our intellectual property; and the risk that our technology could have undetected defects or errors. Additional risks and uncertainties that could affect our financial results are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Form 10-Q filed with the Securities and Exchange Commission (the “SEC”) on June 8, 2026, which is available on our website at investors.chargepoint.com and on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.

Use of Non-GAAP Financial Measures

ChargePoint has provided financial information in this press release that has not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). ChargePoint uses these non-GAAP financial measures internally in analyzing its financial results. ChargePoint believes that the use of these non-GAAP financial measures is useful to investors to evaluate ongoing operating results and trends and believes they provide meaningful supplemental information to investors regarding ChargePoint’s underlying operating performance because they exclude items ChargePoint believes are unrelated to, and may not be indicative of, its core operating results.

The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with ChargePoint’s condensed consolidated financial statements prepared in accordance with GAAP. A reconciliation of ChargePoint’s historical non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations.

Non-GAAP Gross Profit (Gross Margin). ChargePoint defines non-GAAP gross profit as gross profit excluding stock-based compensation expense, amortization expense of acquired intangible assets and restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs. Non-GAAP gross margin is non-GAAP gross profit as a percentage of revenue.

Non-GAAP Cost of Revenue and Operating Expenses (includes Non-GAAP research and development, Non-GAAP sales and marketing and Non-GAAP general and administrative). ChargePoint defines non-GAAP cost of revenue and operating expenses as cost of revenue and operating expenses excluding stock-based compensation expense, amortization expense of acquired intangible assets, restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs, and non-cash charges related to tax liabilities, litigation settlements and other non-recurring transaction costs, including associated non-recurring legal expenses and professional service fees.

Non-GAAP Net Loss. ChargePoint defines non-GAAP net loss as net loss excluding stock-based compensation expense, amortization expense of acquired intangible assets, restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs, and non-cash charges related to tax liabilities, litigation settlements and other non-recurring transaction costs, including associated non-recurring legal expenses and professional service fees. These amounts reflect the impact of any related tax effects. Non-GAAP pre-tax net loss is non-GAAP net loss adjusted for provision for income taxes.

Non-GAAP Adjusted EBITDA Loss. ChargePoint defines non-GAAP adjusted EBITDA loss as net loss excluding stock-based compensation expense, amortization expense of acquired intangible assets, restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs, non-cash charges related to tax liabilities, litigation settlements and other non-recurring transaction costs, including associated non-recurring legal expenses and professional service fees, and further adjusted for provision of income taxes, depreciation, interest income and expense, and other income and (expense), net.

Investors are cautioned that there are a number of limitations associated with the use of non-GAAP financial measures to analyze financial results and trends. In particular, many of the adjustments to ChargePoint’s GAAP financial measures reflect the exclusion of items that are recurring and will be reflected in its financial results for the foreseeable future, such as stock-based compensation, which is an important part of ChargePoint’s employees’ compensation and impacts hiring, retention and performance. Furthermore, these non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP, and the components that ChargePoint excludes in its calculation of non-GAAP financial measures may differ from the components that other companies exclude when they report their non-GAAP results. In the future, ChargePoint may also exclude other expenses it determines do not reflect the performance of ChargePoint’s operating results.

CHPT-IR

ChargePoint Holdings, Inc.

PRELIMINARY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts; unaudited)

  Three Months Ended

Six Months Ended

July 31,

July 31,

2026

2025

2026

2025

Revenue

Networked Charging Systems

$

62,917

$

50,421

$

116,224

$

102,480

Subscriptions

43,698

39,896

84,473

77,916

Other

9,460

8,273

17,197

15,834

Total revenue

116,075

98,590

217,894

196,230

Cost of revenue

Networked Charging Systems

49,495

46,492

98,449

95,130

Subscriptions

18,065

15,534

35,985

30,900

Other

6,213

5,836

11,536

11,486

Total cost of revenue

73,773

67,862

145,970

137,516

Gross profit

42,302

30,728

71,924

58,714

Operating expenses

Research and development

32,410

36,479

68,007

69,989

Sales and marketing

23,459

25,033

47,053

51,225

General and administrative

20,492

28,193

38,077

50,317

Total operating expenses

76,361

89,705

153,137

171,531

Loss from operations

(34,059

)

(58,977

)

(81,213

)

(112,817

)

Interest income

499

1,132

835

2,296

Interest expense

(279

)

(6,849

)

(553

)

(13,285

)

Other income (expense), net

(236

)

(323

)

4,860

2,290

Net loss before income taxes

(34,075

)

(65,017

)

(76,071

)

(121,516

)

Provision for income taxes

1,549

1,162

2,757

1,784

Net loss

$

(35,624

)

$

(66,179

)

$

(78,828

)

$

(123,300

)

Net loss per share, basic and diluted

$

(1.35

)

$

(2.85

)

$

(3.09

)

$

(5.32

)

Weighted average shares outstanding, basic and diluted

26,322,311

23,196,534

25,490,242

23,196,534

  ChargePoint Holdings, Inc. PRELIMINARY CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, unaudited)

  July 31, 2026

January 31, 2026

Assets

Current assets:

Cash and cash equivalents

$

95,330

$

141,564

Restricted cash

400

400

Accounts receivable, net

86,695

86,132

Inventories

179,468

214,903

Prepaid expenses and other current assets

24,457

19,028

Total current assets

386,350

462,027

Property and equipment, net

20,142

24,665

Intangible assets, net

52,742

60,534

Operating lease right-of-use assets

8,039

11,450

Goodwill

223,153

227,938

Other assets

5,244

5,631

Total assets

$

695,670

$

792,245

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable

$

80,351

$

90,094

Accrued and other current liabilities

139,810

141,723

Deferred revenue

122,245

119,381

Debt, current

17,476

32,371

Total current liabilities

359,882

383,569

Deferred revenue, noncurrent

126,310

131,200

Debt, noncurrent

219,462

228,480

Operating lease liabilities

8,376

10,677

Deferred tax liabilities

11,671

13,038

Other long-term liabilities

6,061

3,982

Total liabilities

731,762

770,946

Stockholders' equity (deficit):

Common stock

2

2

Additional paid-in capital

2,157,728

2,128,764

Accumulated other comprehensive income

(3,359

)

4,168

Accumulated deficit

(2,190,463

)

(2,111,635

)

Total stockholders' equity (deficit)

(36,092

)

21,299

Total liabilities and stockholders' equity (deficit)

$

695,670

$

792,245

  ChargePoint Holdings, Inc.

PRELIMINARY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands, unaudited)

  Six Months Ended

July 31,

2026

2025

Cash flows from operating activities

Net loss

$

(78,828

)

$

(123,300

)

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation and amortization

12,440

13,854

Non-cash operating lease cost

1,650

1,784

Stock-based compensation

21,561

36,079

Amortization of deferred contract acquisition costs

1,558

1,687

Paid-in-kind non-cash interest expense

387 9,397

Foreign currency transaction (gain) loss

784 (3,922

)

Reserves and other

(9,195

)

4,281

Changes in operating assets and liabilities:

Accounts receivable, net

(1,784

)

2,636

Inventories

40,690

3,338

Prepaid expenses and other assets

(6,754

)

3,374

Accounts payable, operating lease liabilities, and accrued and other liabilities

(22,329

)

3,295

Deferred revenue

(971

)

8,377

Net cash used in operating activities

(40,791

)

(39,120

)

Cash flows from investing activities

Purchases of property and equipment

(2,105

)

(2,358

)

Net cash used in investing activities

(2,105

)

(2,358

)

Cash flows from financing activities

Repayment of borrowings

(9,625

)

—

Proceeds from the issuance of common stock under employee equity plans, net of tax withholding

365

1,251

Change in driver funds and amounts due to customers

6,794

6,838

Net cash (used in) provided by financing activities

(2,466

)

8,089

Effect of exchange rate changes on cash, cash equivalents, and restricted cash

(872

)

2,941

Net decrease in cash, cash equivalents, and restricted cash

(46,234

)

(30,448

)

Cash, cash equivalents, and restricted cash at beginning of period

141,964

224,971

Cash, cash equivalents, and restricted cash at end of period

$

95,730

$

194,523

  ChargePoint Holdings, Inc.

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

(In thousands, unaudited)

  Three Months
Ended July 31,
2026

Three Months
Ended July 31,
2025

Six
Months Ended
July 31,
2026

Six
Months Ended
July 31,
2025

Cost of Revenue:

GAAP cost of revenue (as a percentage of revenue)

$

73,773

64

%

$

67,862

69

%

$

145,970

67

%

$

137,516

70

%

Stock-based compensation expense

(871

)

(1,251

)

(1,862

)

(2,474

)

Amortization of intangible assets

(796

)

(796

)

(1,599

)

(1,562

)

Restructuring costs (1)

(624

)

—

(1,354

)

—

Non-GAAP cost of revenue (as a percentage of revenue)

$

71,482

62

%

$

65,815

67

%

$

141,155

65

%

$

133,480

68

%

Gross Profit:

GAAP gross profit (gross margin as a percentage of revenue)

$

42,302

36

%

$

30,728

31

%

$

71,924

33

%

$

58,714

30

%

Stock-based compensation expense

871

1,251

1,862

2,474

Amortization of intangible assets

796

796

1,599

1,562

Restructuring costs (1)

624

—

1,354

—

Non-GAAP gross profit (gross margin as a percentage of revenue)

$

44,593

38

%

$

32,775

33

%

$

76,739

35

%

$

62,750

32

%

Operating Expenses:

GAAP research and development (as a percentage of revenue)

$

32,410

28

%

$

36,479

37

%

$

68,007

31

%

$

69,989

36

%

Stock-based compensation expense

(5,027

)

(9,174

)

(10,459

)

(17,788

)

Restructuring costs (1)

(2,210

)

—

(6,332

)

—

Non-GAAP research and development (as a percentage of revenue)

$

25,173

22

%

$

27,305

28

%

$

51,216

24

%

$

52,201

27

%

GAAP sales and marketing (as a percentage of revenue)

$

23,459

20

%

$

25,033

25

%

$

47,053

22

%

$

51,225

26

%

Stock-based compensation expense

(1,770

)

(2,876

)

(3,652

)

(5,955

)

Amortization of intangible assets

(2,385

)

(2,382

)

(4,795

)

(4,657

)

Restructuring costs (1)

(1,509

)

—

(3,190

)

—

Non-GAAP sales and marketing (as a percentage of revenue)

$

17,795

15

%

$

19,775

20

%

$

35,416

16

%

$

40,613

21

%

GAAP general and administrative (as a percentage of revenue)

$

20,492

18

%

$

28,193

29

%

$

38,077

17

%

$

50,317

26

%

Stock-based compensation expense

(3,297

)

(4,915

)

(5,587

)

(9,862

)

Restructuring costs (1)

(2,057

)

—

(3,883

)

—

Other adjustments (2)

(5,835

)

(11,761

)

(8,526

)

(18,020

)

Non-GAAP general and administrative (as a percentage of revenue)

$

9,303

8

%

$

11,517

12

%

$

20,081

9

%

$

22,435

11

%

GAAP Operating Expenses (as a percentage of revenue)

$

76,361

66

%

$

89,705

91

%

$

153,137

70

%

$

171,531

87

%

Stock-based compensation expense

(10,094

)

(16,965

)

(19,698

)

(33,605

)

Amortization of intangible assets

(2,385

)

(2,382

)

(4,795

)

(4,657

)

Restructuring costs (1)

(5,776

)

—

(13,405

)

—

Other adjustments (2)

(5,835

)

(11,761

)

(8,526

)

(18,020

)

Non-GAAP Operating Expenses (as a percentage of revenue)

$

52,271

45

%

$

58,597

59

%

$

106,713

49

%

$

115,249

59

%

Net Loss:

GAAP net loss (as a percentage of revenue)

$

(35,624

)

(31

)%

$

(66,179

)

(67

)%

$

(78,828

)

(36

)%

$

(123,300

)

(63

)%

Stock-based compensation expense

10,965

18,216

21,560

36,079

Amortization of intangible assets

3,181

3,178

6,394

6,219

Restructuring costs (1)

6,400

—

14,759

—

Other adjustments (2)

5,835

11,761

8,526

18,020

Non-GAAP net loss (as a percentage of revenue)

$

(9,243

)

(8

)%

$

(33,024

)

(33

)%

$

(27,589

)

(13

)%

$

(62,982

)

(32

)%

Provision for income taxes

1,549

1,162

2,757

1,784

Non-GAAP pre-tax net loss (as a percentage of revenue)

$

(7,694

)

(7

)%

$

(31,862

)

(32

)%

$

(24,832

)

(11

)%

$

(61,198

)

(31

)%

Depreciation

2,926

3,748

6,045

7,635

Interest income

(499

)

(1,132

)

(835

)

(2,296

)

Interest expense

279

6,849

553

13,285

Other expense (income), net

236

323

(4,860

)

(2,290

)

Non-GAAP Adjusted EBITDA Loss (as a percentage of revenue)

$

(4,752

)

(4

)%

$

(22,074

)

(22

)%

$

(23,929

)

(11

)%

$

(44,864

)

(23

)%

More News From ChargePoint Holdings, Inc.

ChargePoint Holdings, Inc. (CHPT - Free Report) came out with a quarterly loss of $0.35 per share versus the Zacks Consensus Estimate of a loss of $0.8. This compares to a loss of $1.42 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +56.25%. A quarter ago, it was expected that this company would post a loss of $1.11 per share when it actually produced a loss of $0.74, delivering a surprise of +33.33%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

ChargePoint, which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $116.08 million for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 11.53%. This compares to year-ago revenues of $98.59 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

ChargePoint shares have lost about 20.2% since the beginning of the year versus the S&P 500's gain of 11.5%.

What's Next for ChargePoint?While ChargePoint has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for ChargePoint was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.66 on $107.79 million in revenues for the coming quarter and -$2.75 on $426.58 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Original Equipment is currently in the bottom 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, BRP Inc. (DOO - Free Report) , is yet to report results for the quarter ended July 2026. The results are expected to be released on September 3.

This company is expected to post quarterly loss of $0.46 per share in its upcoming report, which represents a year-over-year change of -168.7%. The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level.

BRP Inc.'s revenues are expected to be $1.45 billion, up 6.1% from the year-ago quarter.

CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint (NYSE: CHPT), a global leader in intelligent electrification and e-mobility, today announced the appointment of John Saffrett as Executive Vice President and Managing Director, Europe. In this role, Saffrett will be responsible for driving ChargePoint's growth strategy across European markets, overseeing sales, customer relationships, partnerships, and market expansion across the continent.

He has served as a member of the company’s Advisory Council since March 2026 and is a seasoned global mobility executive with more than 25 years of leadership experience across the automotive, fleet management, and financial services industries. As ChargePoint’s new EVP and MD, Europe, he will report directly to CEO Rick Wilmer.

“Europe is at the center of our growth ambitions, and John is the ideal leader to accelerate our momentum in this critical region," said Rick Wilmer, Chief Executive Officer of ChargePoint. "His deep experience in fleet management, digital transformation, and large-scale operations combined with his existing knowledge of ChargePoint as an Advisory Council member positions him to hit the ground running. We are thrilled to welcome John to the leadership team.”

Most recently, John Saffrett served as Global Deputy Chief Executive Officer of Ayvens, where he played a central role in integrating two of the world's largest fleet management companies into a single entity operating across more than 40 countries. Prior to that, he held successive leadership roles at ALD Automotive as Chief Operating Officer and Chief Administration Officer, overseeing sales, marketing, product development, innovation, and technology. Earlier in his career, he spent nearly a decade in senior IT and transformation roles.

“I am excited to take on this role at such a pivotal time for both ChargePoint and the European EV market," said John Saffrett, EVP and MD, Europe at ChargePoint. "Having worked closely with the ChargePoint team as an advisor, I have seen firsthand the strength of the company's people, technology, and platform. Europe's transition to electric mobility is committed and accelerating, and ChargePoint is uniquely positioned to lead that transition as a market leader in hardware, software, platforms and experience as the longest serving and one of the largest players in the world in this space. I am excited to be working with the team to help define what intelligent electrification means for our customers - Europe's fleets, businesses, and drivers - and being a responsible leader in driving the electric transition in Europe.”

The appointment underscores ChargePoint's strategic commitment to scaling its European presence. Europe's rapidly evolving regulatory landscape is creating significant demand for reliable, scalable EV charging solutions across the continent. ChargePoint continues to invest in its European operations. The company recently launched its Express Solo DC charger and announced strategic partnerships with OEMs such as Mercedes-Benz and Ford Pro.

ChargePoint and the ChargePoint logo are trademarks of ChargePoint, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners.

About ChargePoint Holdings, Inc.

ChargePoint has established itself as a global leader in intelligent electrification and e-mobility since its inception in 2007, long before EVs became widely available. The company provides comprehensive solutions tailored to the entire EV ecosystem, from the grid to the dashboard of the vehicle. The company serves EV drivers, charging station owners, vehicle manufacturers, and similar types of stakeholders. With a commitment to accessibility and reliability, ChargePoint’s extensive portfolio of software, hardware, and services ensures a seamless charging experience for drivers across North America and Europe. ChargePoint empowers every driver in need of charging access, connecting them to over 1.4 million charging ports worldwide. ChargePoint has facilitated the powering of more than 21 billion electric miles, underscoring its dedication to reducing greenhouse gas emissions and electrifying the future of transportation.

For further information, please visit the ChargePoint pressroom or the ChargePoint Investor Relations site. For media inquiries, contact the ChargePoint press office.

CHPT-IR

More News From ChargePoint Holdings, Inc.

CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint Holdings, Inc. (NYSE: CHPT) (“ChargePoint” or the “Company”), a leading provider of EV charging solutions, today announced it will release financial results for the second quarter of fiscal year 2027, which ended July 31, 2026, on September 2, 2026. ChargePoint will host a conference call to review the Company's financial results at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) on the same day. A live webcast of the conference call will be availa.

ChargePoint Holdings, Inc. (CHPT - Free Report) closed the most recent trading day at $5.88, moving -4.85% from the previous trading session. This change lagged the S&P 500's daily loss of 0.52%. On the other hand, the Dow registered a loss of 0.51%, and the technology-centric Nasdaq decreased by 0.32%.

Shares of the company witnessed a gain of 9.77% over the previous month, beating the performance of the Auto-Tires-Trucks sector with its loss of 6.96%, and the S&P 500's gain of 3.3%.

The upcoming earnings release of ChargePoint Holdings, Inc. will be of great interest to investors. In that report, analysts expect ChargePoint Holdings, Inc. to post earnings of -$0.8 per share. This would mark year-over-year growth of 43.66%. Meanwhile, our latest consensus estimate is calling for revenue of $104.38 million, up 5.88% from the prior-year quarter.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$2.75 per share and a revenue of $426.19 million, representing changes of +39.96% and +3.64%, respectively, from the prior year.

Investors should also take note of any recent adjustments to analyst estimates for ChargePoint Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, ChargePoint Holdings, Inc. is carrying a Zacks Rank of #3 (Hold).

The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 166, putting it in the bottom 33% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint (NYSE: CHPT), a global leader in electric vehicle (EV) charging solutions, today announced an extended partnership with Mercedes-Benz to deliver comprehensive charging solutions for fleet operators in the UK and Germany. The partnership provides Mercedes-Benz business customers with a fully integrated charging solution, from initial site planning through to installation, operation and ongoing service. Designed for businesses and fleets of all sizes.

In the latest close session, ChargePoint Holdings, Inc. (CHPT - Free Report) was down 1.29% at $5.34. The stock fell short of the S&P 500, which registered a gain of 0.21% for the day. Elsewhere, the Dow gained 1.03%, while the tech-heavy Nasdaq lost 0.22%.

The company's stock has dropped by 11.31% in the past month, falling short of the Auto-Tires-Trucks sector's loss of 8.85% and the S&P 500's gain of 1.7%.

The investment community will be paying close attention to the earnings performance of ChargePoint Holdings, Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.8, reflecting a 43.66% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $104.38 million, indicating a 5.88% upward movement from the same quarter last year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$2.75 per share and a revenue of $426.19 million, representing changes of +39.96% and +3.64%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for ChargePoint Holdings, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. ChargePoint Holdings, Inc. is currently sporting a Zacks Rank of #2 (Buy).

The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 152, finds itself in the bottom 39% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

In the latest trading session, ChargePoint Holdings, Inc. (CHPT - Free Report) closed at $5.84, marking a -7.3% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.38%. Meanwhile, the Dow experienced a rise of 0.29%, and the technology-dominated Nasdaq saw an increase of 0.62%.

Heading into today, shares of the company had lost 12.5% over the past month, lagging the Auto-Tires-Trucks sector's loss of 1.97% and the S&P 500's gain of 1.61%.

The upcoming earnings release of ChargePoint Holdings, Inc. will be of great interest to investors. The company is forecasted to report an EPS of -$0.8, showcasing a 43.66% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $104.38 million, indicating a 5.88% growth compared to the corresponding quarter of the prior year.

CHPT's full-year Zacks Consensus Estimates are calling for earnings of -$2.75 per share and revenue of $426.19 million. These results would represent year-over-year changes of +39.96% and +3.64%, respectively.

Investors should also note any recent changes to analyst estimates for ChargePoint Holdings, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, ChargePoint Holdings, Inc. possesses a Zacks Rank of #2 (Buy).

The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 160, positioning it in the bottom 35% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

ChargePoint (CHPT) is rated a speculative buy with a 16% upside to a $6.8 FY 2027 price target. CHPT's turnaround hinges on accelerating revenue growth to mid-single digits and maintaining gross margins above 30%. Express Solo platform is positioned as the key catalyst, but its adoption remains early-stage and critical to the bull thesis.

CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint (NYSE: CHPT), a global leader in electric vehicle (EV) charging solutions, today announced the company was added as a member of the US small-cap Russell 2000® Index, effective June 29 as part of the 2026 Russell indexes reconstitution. The stock also was automatically added to the appropriate growth and value indexes.Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active invest.

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.

Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.

It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.

There are several stocks that currently pass through the screen and ChargePoint Holdings, Inc. (CHPT - Free Report) is one of them. Here are the key reasons why this stock is a great candidate.

A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 17.5%, the stock of this company is certainly well-positioned in this regard.

While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. CHPT meets this criterion too, as the stock gained 36.1% over the past 12 weeks.

Moreover, the momentum for CHPT is fast paced, as the stock currently has a beta of 1.74. This indicates that the stock moves 74% higher than the market in either direction.

Given this price performance, it is no surprise that CHPT has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.

In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped CHPT earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Most importantly, despite possessing fast-paced momentum features, CHPT is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. CHPT is currently trading at 0.42 times its sales. In other words, investors need to pay only 42 cents for each dollar of sales.

So, CHPT appears to have plenty of room to run, and that too at a fast pace.

In addition to CHPT, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.

This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.

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Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Is ChargePoint Holdings, Inc. (CHPT - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.

ChargePoint Holdings, Inc. is a member of our Auto-Tires-Trucks group, which includes 100 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ChargePoint Holdings, Inc. is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for CHPT's full-year earnings has moved 8.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, CHPT has moved about 25.2% on a year-to-date basis. In comparison, Auto-Tires-Trucks companies have returned an average of -8.4%. This means that ChargePoint Holdings, Inc. is performing better than its sector in terms of year-to-date returns.

Federal Signal (FSS - Free Report) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 9.1%.

For Federal Signal, the consensus EPS estimate for the current year has increased 4.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, ChargePoint Holdings, Inc. is a member of the Automotive - Original Equipment industry, which includes 52 individual companies and currently sits at #148 in the Zacks Industry Rank. This group has gained an average of 6.5% so far this year, so CHPT is performing better in this area.

Federal Signal, however, belongs to the Automotive - Domestic industry. Currently, this 16-stock industry is ranked #156. The industry has moved -8.6% so far this year.

ChargePoint Holdings, Inc. and Federal Signal could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.

In the latest close session, ChargePoint Holdings, Inc. (CHPT - Free Report) was down 1.15% at $6.89. The stock's change was less than the S&P 500's daily gain of 0.8%. Meanwhile, the Dow lost 0.16%, and the Nasdaq, a tech-heavy index, added 1.63%.

Prior to today's trading, shares of the company had gained 34.56% outpaced the Auto-Tires-Trucks sector's gain of 0.48% and the S&P 500's gain of 8.11%.

Investors will be eagerly watching for the performance of ChargePoint Holdings, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of -$1.11, indicating a 7.5% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $94.86 million, down 2.85% from the year-ago period.

For the annual period, the Zacks Consensus Estimates anticipate earnings of -$3.81 per share and a revenue of $415.98 million, signifying shifts of +16.81% and +1.16%, respectively, from the last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for ChargePoint Holdings, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 10.32% lower. Right now, ChargePoint Holdings, Inc. possesses a Zacks Rank of #3 (Hold).

The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 176, finds itself in the bottom 28% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

In the latest close session, ChargePoint Holdings, Inc. (CHPT - Free Report) was down 3.14% at $6.16. This change lagged the S&P 500's 0.38% loss on the day. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.13%.

Heading into today, shares of the company had gained 24.46% over the past month, outpacing the Auto-Tires-Trucks sector's gain of 9.14% and the S&P 500's gain of 11.41%.

The investment community will be paying close attention to the earnings performance of ChargePoint Holdings, Inc. in its upcoming release. The company is expected to report EPS of -$1.11, up 7.5% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $94.86 million, down 2.85% from the year-ago period.

For the full year, the Zacks Consensus Estimates project earnings of -$3.81 per share and a revenue of $415.98 million, demonstrating changes of +16.81% and +1.16%, respectively, from the preceding year.

Any recent changes to analyst estimates for ChargePoint Holdings, Inc. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, ChargePoint Holdings, Inc. is carrying a Zacks Rank of #4 (Sell).

The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 190, putting it in the bottom 23% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

ChargePoint Holdings, Inc. (CHPT - Free Report) closed the most recent trading day at $6.63, moving -2.64% from the previous trading session. This change lagged the S&P 500's daily loss of 1.24%. At the same time, the Dow lost 1.07%, and the tech-heavy Nasdaq lost 1.54%.

Shares of the company have appreciated by 10.02% over the course of the past month, underperforming the Auto-Tires-Trucks sector's gain of 12.06%, and outperforming the S&P 500's gain of 7.72%.

Analysts and investors alike will be keeping a close eye on the performance of ChargePoint Holdings, Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on June 3, 2026. The company is expected to report EPS of -$1.11, up 7.5% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $94.86 million, indicating a 2.85% decline compared to the corresponding quarter of the prior year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$3.81 per share and revenue of $415.98 million. These totals would mark changes of +16.81% and +1.16%, respectively, from last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for ChargePoint Holdings, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. ChargePoint Holdings, Inc. currently has a Zacks Rank of #3 (Hold).

The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 166, placing it within the bottom 32% of over 250 industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow CHPT in the coming trading sessions, be sure to utilize Zacks.com.

-

Seasoned enterprise technology executive joins ChargePoint to lead global go-to-market strategy, marketing, revenue operations, and new market growth as the company advances its three-year transformation strategy

CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint (NYSE: CHPT), a global leader in electric vehicle (EV) charging solutions, today announced the appointment of Jyothi Swaroop as Chief Marketing and Growth Officer. In this role, Swaroop will lead ChargePoint’s global go-to-market strategy, including marketing, go-to-market operations, sales enablement, growth initiatives, partner monetization, and new market expansion.

Swaroop joins ChargePoint at a pivotal moment in the Company’s transformation as it sharpens its focus on profitable growth, platform expansion, strategic partnerships, and long-term category leadership. Reporting directly to CEO Rick Wilmer, Swaroop will play a central role in advancing ChargePoint’s three-year strategy by strengthening the Company’s market position, expanding its growth engine, and elevating its narrative with customers, partners, drivers, and investors.

“ChargePoint is entering a new phase — one defined not only by operational discipline, but by growth, execution, and market leadership,” said Rick Wilmer, Chief Executive Officer of ChargePoint. “Jyothi brings the rare combination of enterprise technology depth, go-to-market rigor, strategic storytelling, and growth leadership that this moment requires. As electrification expands beyond passenger vehicles into fleets, logistics, autonomous systems, robotics, energy infrastructure, and intelligent software-defined mobility, ChargePoint has an opportunity to lead a much larger market than the industry has historically understood. Jyothi will help us define that opportunity, execute against it, and make it real.”

As Chief Marketing and Growth Officer, Swaroop will be responsible for unifying ChargePoint’s global GTM motion globally, strengthening revenue generation and pipeline conversion, scaling partner-led growth, expanding market awareness, and building a modern product and platform narrative that reflects the company’s role in the future of electrification.

The appointment underscores ChargePoint’s belief that EV charging is evolving from a hardware deployment market into a broader intelligent electrification platform opportunity. As mobility becomes more connected, autonomous, software-defined, and energy-aware, charging infrastructure will play a critical role in enabling new categories of demand — from commercial fleets and logistics networks to autonomous driving, robotics, energy management, smart buildings, and eventually AI-enabled physical infrastructure.

“ChargePoint is one of the few companies with the scale, software platform, customer footprint, and operating history to help define the next era of intelligent electrification,” said Jyothi Swaroop, Chief Marketing and Growth Officer of ChargePoint. “The market opportunity ahead goes way beyond EV charging infrastructure. The future will require an intelligent, connected, reliable energy layer that supports how people, fleets, machines, autonomous systems, AI data centers and physical infrastructure move and operate. My focus is simple: sharpen the narrative, scale the GTM engine, monetize our partnerships, expand our market reach, and help ChargePoint grow with the urgency and ambition this category demands.”

Swaroop brings extensive experience leading global marketing, sales, business development, sales enablement, and revenue operations for enterprise technology companies such as Oracle, Dell EMC, Veritas and DDN, among others. He has built and scaled go-to-market organizations in highly competitive markets, led brand transformations, developed strategic partner ecosystems, and positioned companies at the intersection of infrastructure, software, AI, and enterprise adoption.

His appointment comes as ChargePoint continues to execute against its strategic priorities: expanding software and services revenue, improving operating leverage, deepening strategic partnerships, strengthening its position across North America and Europe, and building the platform foundation required for the next generation of electrified transportation and energy use cases.

ChargePoint and the ChargePoint logo are trademarks of ChargePoint, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners.

About ChargePoint Holdings, Inc.

ChargePoint has established itself as the leader in electric vehicle (EV) charging innovation since its inception in 2007, long before EVs became widely available. The company provides comprehensive solutions tailored to the entire EV ecosystem, from the grid to the dashboard of the vehicle. The company serves EV drivers, charging station owners, vehicle manufacturers, and similar types of stakeholders. With a commitment to accessibility and reliability, ChargePoint’s extensive portfolio of software, hardware, and services ensures a seamless charging experience for drivers across North America and Europe. ChargePoint empowers every driver in need of charging access, connecting them to over 1.37 million public and private charging ports worldwide. ChargePoint has facilitated the powering of more than 21 billion electric miles, underscoring its dedication to reducing greenhouse gas emissions and electrifying the future of transportation. For further information, please visit the ChargePoint pressroom or the ChargePoint Investor Relations site. For media inquiries, contact the ChargePoint press office.

CHPT-IR

More News From ChargePoint Holdings, Inc.

Back to Newsroom

CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint (NYSE: CHPT), a global leader in electric vehicle (EV) charging solutions, and Powers Parts, a national distributor of electric and advanced mobility components, today announced a new partnership to accelerate transit electrification across North America.

“Transit is critical to the broader electrification of transportation, delivering a healthier option for communities and transit riders, as well as superior experience for the drivers," said Rick Wilmer, CEO of ChargePoint. "As the market continues to grow it will need reliable charging infrastructure and support. Our partnership with Powers Parts expands our reach across the transit ecosystem, connecting their proven relationships with our scalable charging and telematics solutions.”

Through the partnership, transit agencies operating E2 and ZX5 Phoenix EV buses can purchase ChargePoint hardware, software, and services directly through Powers Parts, streamlining procurement and deployment via Power Parts’ established distribution channel. Together, ChargePoint and Powers Parts provide a seamless process for transit agencies to go electric with industry-leading, reliable DC fast charging infrastructure that optimizes vehicle uptime.

“We initially built Powers Parts to solve critical supply chain and replacement part challenges facing electric transit fleets. As our relationships with agencies grew, it became increasingly clear that fleet uptime depended on much more than parts availability alone. Agencies needed support across charging infrastructure, telematics, diagnostics, and long-term fleet management. Our partnership with ChargePoint is a natural extension of that evolution — delivering a more comprehensive operational support ecosystem for transit operators navigating electrification.”

There are many transit agencies currently operating E2 and ZX5 Phoenix EV buses and associated charging solutions in the field without proper service and support. The ChargePoint and Powers Parts partnership directly addresses these challenges by combining ChargePoint’s proven hardware, software, and telematics platform with Powers Parts’ deep relationships and distribution network across the transit ecosystem.

ChargePoint’s fleet management software provides fleet customers with powerful tools to increase operational and route efficiency from a single interface. The telematics platform integrates with all vehicle types and charging stations, no matter the manufacturer. The platform provides fleet operators with real-time visibility, advanced reporting and analysis, as well as battery health and performance data to optimize vehicle uptime and total cost of ownership (TCO) savings. Critically, ChargePoint’s telematics works with mixed-fuel fleets, and is not exclusive to EVs. ChargePoint fleet management software is OCPP compliant, enabling it to manage third party hardware solutions.

ChargePoint and the ChargePoint logo are trademarks of ChargePoint, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners.

About ChargePoint Holdings, Inc.

ChargePoint has established itself as the leader in electric vehicle (EV) charging innovation since its inception in 2007, long before EVs became widely available. The company provides comprehensive solutions tailored to the entire EV ecosystem, from the grid to the dashboard of the vehicle. The company serves EV drivers, charging station owners, vehicle manufacturers, and similar types of stakeholders. With a commitment to accessibility and reliability, ChargePoint’s extensive portfolio of software, hardware, and services ensures a seamless charging experience for drivers across North America and Europe. ChargePoint empowers every driver in need of charging access, connecting them to over 1.37 million public and private charging ports worldwide. ChargePoint has facilitated the powering of more than 21 billion electric miles, underscoring its dedication to reducing greenhouse gas emissions and electrifying the future of transportation. For further information, please visit the ChargePoint pressroom or the ChargePoint Investor Relations site. For media inquiries, contact the ChargePoint press office.

About Powers Parts

Powers Parts is a national distributor specializing in electric vehicle components, drivetrain systems, thermal management solutions, and critical fleet replacement parts. The company supports transit agencies, commercial fleet operators, and OEM partners with responsive service, technical expertise, and reliable supply chain execution.

CHPT-IR

ChargePoint Holdings, Inc. (CHPT - Free Report) ended the recent trading session at $7.59, demonstrating a -2.69% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.22% for the day. At the same time, the Dow added 0.72%, and the tech-heavy Nasdaq gained 0.21%.

The company's stock has climbed by 21.68% in the past month, exceeding the Auto-Tires-Trucks sector's gain of 12.01% and the S&P 500's gain of 6.04%.

Analysts and investors alike will be keeping a close eye on the performance of ChargePoint Holdings, Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on June 3, 2026. The company's earnings per share (EPS) are projected to be -$1.11, reflecting a 7.5% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $94.86 million, indicating a 2.85% decline compared to the corresponding quarter of the prior year.

For the full year, the Zacks Consensus Estimates project earnings of -$3.81 per share and a revenue of $415.98 million, demonstrating changes of +16.81% and +1.16%, respectively, from the preceding year.

Any recent changes to analyst estimates for ChargePoint Holdings, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. ChargePoint Holdings, Inc. is holding a Zacks Rank of #3 (Hold) right now.

The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 144, finds itself in the bottom 41% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint Holdings, Inc. (NYSE:CHPT) (“ChargePoint” or the "Company"), a leading provider of electric vehicle (EV) charging solutions, today reported its financial results for the first quarter of fiscal year 2027, which ended April 30, 2026.

“Q1 was a strong start to the year for ChargePoint, as we exceeded the high end of our guidance, delivered a third consecutive quarter of year-over-year growth, and maintained strong margins with continued cost discipline,” said Rick Wilmer, President and Chief Executive Officer. “ChargePoint is entering the year focused on accelerating growth, driven by innovation like the new Express Solo, the world’s fastest standalone EV charger. We’ve also strengthened our leadership team with the addition of Jyothi Swaroop as Chief Marketing and Growth Officer, positioning us to fully capitalize on this momentum and the innovation ahead.”

First Quarter Fiscal 2027 Financial Overview

Revenue. First quarter revenue was $101.8 million, up 4% from $97.6 million in the prior year’s same quarter. Networked charging systems revenue for the first quarter was $53.3 million, up 2% from $52.1 million in the prior year’s same quarter. Subscription revenue was $40.8 million, up 7% from $38.0 million in the prior year’s same quarter. Gross Margin. First quarter GAAP gross margin was 29% as compared to 29% in the prior year's same quarter, and non-GAAP gross margin was 32% as compared to 31% in the prior year's same quarter. Operating Expenses. First quarter GAAP operating expenses were $76.8 million, down 6% from $81.8 million in the prior year's same quarter. Non-GAAP operating expenses were $54.4 million, down 4% from $56.7 million in the prior year's same quarter. Net Income/Loss. First quarter GAAP net loss was $43.2 million, down 24% from $57.1 million in the prior year's same quarter. Additionally, non-GAAP net loss was $18.3 million, down 39% from $30.0 million in the prior year's same quarter and non-GAAP adjusted EBITDA loss was $19.2 million, down 16% from $22.8 million in the prior year's same quarter. Liquidity. As of April 30, 2026, cash and cash equivalents on the balance sheet was $95.8 million. Shares Outstanding. As of April 30, 2026, ChargePoint had approximately 26 million shares of common stock outstanding. Business Highlights

ChargePoint launched Express Solo, the world’s fastest standalone EV charger for mass-market passenger EVs, capable of delivering up to 600 kW charging speed to a single port. ChargePoint appointed Jyothi Swaroop as Chief Marketing and Growth Officer, leading global go-to-market strategy, including marketing, go-to-market operations, sales enablement, growth initiatives, partner monetization, and new market expansion. ChargePoint and OBE Power, a leading a charge point owner, partnered to deploy approximately 2,500 charging ports at multifamily residences, starting this year. ChargePoint secured one of its largest transit fleet order to-date, delivering DC fast charging solutions to support Santa Monica’s Big Blue Bus fleet of e-buses, as part of the transit agency’s goal of total electrification by 2032. Second Quarter of Fiscal 2027 Guidance

For the second fiscal quarter ending July 31, 2026, ChargePoint expects revenue of $100 million to $110 million.

Conference Call Information

ChargePoint will host a conference call to review the Company’s financial results at 1:30 p.m. Pacific (4:30 p.m. Eastern time) today.

A live webcast of the conference call will be available at https://events.q4inc.com/attendee/642160823. Participants can also access the conference call by dialing +1 (833) 461 5787 (North America) and entering Conference ID 642160823. For international dial-in information, please visit: https://help.events.q4inc.com/eahc/international-dial-in-numbers. A recording will be available after the conclusion of the webcast and archived for one year on ChargePoint’s investor relations website. A copy of the press release with the financial results will be also available on ChargePoint’s investor relations website prior to the commencement of the webcast.

About ChargePoint

ChargePoint has established itself as the leader in electric vehicle (EV) charging innovation since its inception in 2007, long before EVs became widely available. The company provides comprehensive solutions tailored to the entire EV ecosystem, from the grid to the dashboard of the vehicle. The company serves EV drivers, charging station owners, vehicle manufacturers, and similar types of stakeholders. With a commitment to accessibility and reliability, ChargePoint’s extensive portfolio of software, hardware, and services ensures a seamless charging experience for drivers across North America and Europe. ChargePoint empowers every driver in need of charging access, connecting them to over 1.4 million public and private charging ports worldwide. ChargePoint has facilitated the powering of more than 21 billion electric miles, underscoring its dedication to reducing greenhouse gas emissions and electrifying the future of transportation. For further information, please visit the ChargePoint pressroom or the ChargePoint Investor Relations site. For media inquiries, contact the ChargePoint press office.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including statements regarding our projected revenue for the second quarter of fiscal year 2027. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: macroeconomic trends including changes in or sustained inflation, interest rate volatility, increased tariffs or other events beyond our control on the overall economy which may reduce demand for our products and services; geopolitical events and conflicts; adverse impacts to our business and those of our customers and suppliers, including due to supply chain disruptions, component shortages, and associated logistics expense increases; our ability as an organization to successfully acquire, integrate or partner with other companies, products or technologies in a successful manner such as our partnership efforts with Eaton Corporation; our dependence on widespread acceptance and adoption of EVs, including any delays or modifications to auto manufacturers' plans and strategies to transition to predominately manufacture EVs and any corresponding decreased demand for installation of charging stations; our current dependence on sales of charging stations for the majority of our revenues; overall demand for EV charging and the potential for reduced demand for EVs if governmental policies, rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of EVs or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; our ability, and our reliance on our customers, to successfully implement, construct and manage state, federal and local charging infrastructure programs in accordance with the respective terms of such program in order to validly secure and obtain awarded funding and win additional grant opportunities; our reliance on contract manufacturers, including those located outside the United States, may result in supply chain interruptions, delays and expense increases which may adversely affect our sales, revenue and gross margins; our ability to expand our operations and market share in Europe; the need to attract additional fleet operators as customers; potential adverse effects on our revenue and gross margins due to delays and costs associated with new product introductions, such as our new AC and Express DC fast charging product architectures, inventory obsolescence, component shortages and related expense increases; the ability or success of our new AC and Express DC fast charging product architectures to result in an increased demand for charging products by commercial, residential and fleet charging customers; adverse impact to our revenues and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by us; the effects of competition; risks related to our dependence on our intellectual property; and the risk that our technology could have undetected defects or errors. Additional risks and uncertainties that could affect our financial results are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on April 2, 2026, which is available on our website at investors.chargepoint.com and on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.

Use of Non-GAAP Financial Measures

ChargePoint has provided financial information in this press release that has not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). ChargePoint uses these non-GAAP financial measures internally in analyzing its financial results. ChargePoint believes that the use of these non-GAAP financial measures is useful to investors to evaluate ongoing operating results and trends and believes they provide meaningful supplemental information to investors regarding ChargePoint’s underlying operating performance because they exclude items ChargePoint believes are unrelated to, and may not be indicative of, its core operating results.

The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with ChargePoint’s condensed consolidated financial statements prepared in accordance with GAAP. A reconciliation of ChargePoint’s historical non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations.

Non-GAAP Gross Profit (Gross Margin). ChargePoint defines non-GAAP gross profit as gross profit excluding stock-based compensation expense, amortization expense of acquired intangible assets and restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs. Non-GAAP gross margin is non-GAAP gross profit as a percentage of revenue.

Non-GAAP Cost of Revenue and Operating Expenses (includes Non-GAAP research and development, Non-GAAP sales and marketing and Non-GAAP general and administrative). ChargePoint defines non-GAAP cost of revenue and operating expenses as cost of revenue and operating expenses excluding stock-based compensation expense, amortization expense of acquired intangible assets, restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs, and non-cash charges related to tax liabilities, litigation settlements and other non-recurring transaction costs, including associated non-recurring legal expenses and professional service fees.

Non-GAAP Net Loss. ChargePoint defines non-GAAP net loss as net loss excluding stock-based compensation expense, amortization expense of acquired intangible assets, restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs, and non-cash charges related to tax liabilities, litigation settlements and other non-recurring transaction costs, including associated non-recurring legal expenses and professional service fees. These amounts reflect the impact of any related tax effects. Non-GAAP pre-tax net loss is non-GAAP net loss adjusted for provision for income taxes.

Non-GAAP Adjusted EBITDA Loss. ChargePoint defines non-GAAP adjusted EBITDA loss as net loss excluding stock-based compensation expense, amortization expense of acquired intangible assets, restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs, non-cash charges related to tax liabilities, litigation settlements and other non-recurring transaction costs, including associated non-recurring legal expenses and professional service fees, and further adjusted for provision of income taxes, depreciation, interest income and expense, and other income and expense (net).

Investors are cautioned that there are a number of limitations associated with the use of non-GAAP financial measures to analyze financial results and trends. In particular, many of the adjustments to ChargePoint’s GAAP financial measures reflect the exclusion of items that are recurring and will be reflected in its financial results for the foreseeable future, such as stock-based compensation, which is an important part of ChargePoint’s employees’ compensation and impacts hiring, retention and performance. Furthermore, these non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP, and the components that ChargePoint excludes in its calculation of non-GAAP financial measures may differ from the components that other companies exclude when they report their non-GAAP results. In the future, ChargePoint may also exclude other expenses it determines do not reflect the performance of ChargePoint’s operating results.

CHPT-IR

  ChargePoint Holdings, Inc.

PRELIMINARY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts; unaudited)

  Three Months Ended

April 30,

2026

2025

Revenue

Networked Charging Systems

$

53,307

$

52,059

Subscriptions

40,775

38,020

Other

7,737

7,561

Total revenue

101,819

97,640

Cost of revenue

Networked Charging Systems

48,954

48,638

Subscriptions

17,920

15,366

Other

5,323

5,650

Total cost of revenue

72,197

69,654

Gross profit

29,622

27,986

Operating expenses

Research and development

35,597

33,510

Sales and marketing

23,594

26,192

General and administrative

17,585

22,124

Total operating expenses

76,776

81,826

Loss from operations

(47,154

)

(53,840

)

Interest income

336

1,164

Interest expense

(274

)

(6,436

)

Other income (expense), net

5,096

2,613

Net loss before income taxes

(41,996

)

(56,499

)

Provision for income taxes

1,208

622

Net loss

$

(43,204

)

$

(57,121

)

Net loss per share, basic and diluted

$

(1.75

)

$

(2.49

)

Weighted average shares outstanding, basic and diluted

24,630,127

22,952,278

  ChargePoint Holdings, Inc.

PRELIMINARY CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, unaudited)

  April 30, 2026

January 31, 2026

Assets

Current assets:

Cash and cash equivalents

$

95,779

$

141,564

Restricted cash

400

400

Accounts receivable, net

80,555

86,132

Inventories

203,596

214,903

Prepaid expenses and other current assets

20,735

19,028

Total current assets

401,065

462,027

Property and equipment, net

22,437

24,665

Intangible assets, net

56,664

60,534

Operating lease right-of-use assets

9,518

11,450

Goodwill

225,767

227,938

Other assets

5,538

5,631

Total assets

$

720,989

$

792,245

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable

$

77,885

$

90,094

Accrued and other current liabilities

137,122

141,723

Deferred revenue

119,072

119,381

Debt, current

15,598

32,371

Total current liabilities

349,677

383,569

Deferred revenue, noncurrent

129,575

131,200

Debt, noncurrent

224,135

228,480

Operating lease liabilities

9,504

10,677

Deferred tax liabilities

12,358

13,038

Other long-term liabilities

4,842

3,982

Total liabilities

730,091

770,946

Stockholders' equity (deficit):

Common stock

2

2

Additional paid-in capital

2,145,153

2,128,764

Accumulated other comprehensive income

582

4,168

Accumulated deficit

(2,154,839

)

(2,111,635

)

Total stockholders' equity (deficit)

(9,102

)

21,299

Total liabilities and stockholders' equity (deficit)

$

720,989

$

792,245

  ChargePoint Holdings, Inc.

PRELIMINARY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands, unaudited)

  Three Months Ended

April 30,

2026

2025

Cash flows from operating activities

Net loss

$

(43,204

)

$

(57,121

)

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation and amortization

6,332

6,928

Non-cash operating lease cost

837

876

Stock-based compensation

10,595

17,863

Amortization of deferred contract acquisition costs

780

844

Paid-in-kind non-cash interest expense

387

9,397

Foreign currency transaction (gain) loss

321

(3,499

)

Reserves and other

(9,538

)

1,644

Changes in operating assets and liabilities:

Accounts receivable, net

5,470

(13

)

Inventories

15,749

2,816

Prepaid expenses and other assets

(2,486

)

(10,703

)

Accounts payable, operating lease liabilities, and accrued and other liabilities

(20,331

)

(6,418

)

Deferred revenue

(1,472

)

4,418

Net cash used in operating activities

(36,560

)

(32,968

)

Cash flows from investing activities

Purchases of property and equipment

(1,137

)

(1,060

)

Net cash used in investing activities

(1,137

)

(1,060

)

Cash flows from financing activities

Repayment of borrowings

(9,625

)

—

Proceeds from the issuance of common stock under employee equity plans, net of tax withholding

428

1,288

Change in driver funds and amounts due to customers

1,643

1,149

Net cash (used in) provided by financing activities

(7,554

)

2,437

Effect of exchange rate changes on cash, cash equivalents, and restricted cash

(534

)

2,969

Net decrease in cash, cash equivalents, and restricted cash

(45,785

)

(28,622

)

Cash, cash equivalents, and restricted cash at beginning of period

141,964

224,971

Cash, cash equivalents, and restricted cash at end of period

$

96,179

$

196,349

  ChargePoint Holdings, Inc.

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

(In thousands, unaudited)

  Three Months Ended
April 30, 2026

Three Months Ended
April 30, 2025

Cost of Revenue:

GAAP cost of revenue (as a percentage of revenue)

$

72,197

71

%

$

69,654

71

%

Stock-based compensation expense

(991

)

(1,223

)

Amortization of intangible assets

(803

)

(766

)

Restructuring costs (1)

(730

)

—

Non-GAAP cost of revenue (as a percentage of revenue)

$

69,673

68

%

$

67,665

69

%

Gross Profit:

GAAP gross profit (gross margin as a percentage of revenue)

$

29,622

29

%

$

27,986

29

%

Stock-based compensation expense

991

1,223

Amortization of intangible assets

803

766

Restructuring costs (1)

730

—

Non-GAAP gross profit (gross margin as a percentage of revenue)

$

32,146

32

%

$

29,975

31

%

Operating Expenses:

GAAP research and development (as a percentage of revenue)

$

35,597

35

%

$

33,510

34

%

Stock-based compensation expense

(5,432

)

(8,614

)

Restructuring costs (1)

(4,122

)

—

Non-GAAP research and development (as a percentage of revenue)

$

26,043

26

%

$

24,896

25

%

GAAP sales and marketing (as a percentage of revenue)

$

23,594

23

%

$

26,192

27

%

Stock-based compensation expense

(1,882

)

(3,079

)

Amortization of intangible assets

(2,410

)

(2,275

)

Restructuring costs (1)

(1,681

)

—

Non-GAAP sales and marketing (as a percentage of revenue)

$

17,621

17

%

$

20,838

21

%

GAAP general and administrative (as a percentage of revenue)

$

17,585

17

%

$

22,124

23

%

Stock-based compensation expense

(2,290

)

(4,947

)

Restructuring costs (1)

(1,826

)

—

Other adjustments (2)

(2,691

)

(6,259

)

Non-GAAP general and administrative (as a percentage of revenue)

$

10,778

11

%

$

10,918

11

%

GAAP Operating Expenses (as a percentage of revenue)

$

76,776

75

%

$

81,826

84

%

Stock-based compensation expense

(9,604

)

(16,640

)

Amortization of intangible assets

(2,410

)

(2,275

)

Restructuring costs (1)

(7,629

)

—

Other adjustments (2)

(2,691

)

(6,259

)

Non-GAAP Operating Expenses (as a percentage of revenue)

$

54,442

53

%

$

56,652

58

%

Net Loss:

GAAP net loss (as a percentage of revenue)

$

(43,204

)

(42

)%

$

(57,121

)

(59

)%

Stock-based compensation expense

10,595

17,863

Amortization of intangible assets

3,213

3,041

Restructuring costs (1)

8,359

—

Other adjustments (2)

2,691

6,259

Non-GAAP net loss (as a percentage of revenue)

$

(18,346

)

(18

)%

$

(29,958

)

(31

)%

Provision for income taxes

1,208

622

Non-GAAP pre-tax net loss (as a percentage of revenue)

$

(17,138

)

(17

)%

$

(29,336

)

(30

)%

Depreciation

3,119

3,887

Interest income

(336

)

(1,164

)

Interest expense

274

6,436

Other expense (income), net

(5,096

)

(2,613

)

Non-GAAP Adjusted EBITDA Loss (as a percentage of revenue)

$

(19,177

)

(19

)%

$

(22,790

)

(23

)%

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