ChargePoint Holdings stock experienced a substantial rally Thursday following the company’s second-quarter results for its 2027 fiscal year. The electric vehicle charging hardware and software provider reported revenue of $116.1 million and a loss per share of 35 cents, exceeding Wall Street expectations of $105.2 million in revenue and a loss of 85 cents per share. The gain represented the stock’s most significant move since undergoing a reverse stock split the previous year to maintain compliance with New York Stock Exchange listing requirements.
The company’s quarterly performance benefited from a one-time tariff refund of approximately $4.2 million, though management indicated normalized gross margins would have reached record levels regardless. ChargePoint has achieved four consecutive quarters of year-over-year growth, and the company provided third-quarter guidance for its 2027 fiscal year projecting revenue between $105 million and $115 million, representing roughly 4% year-over-year growth at the midpoint. CEO Rick Wilmer stated the company is advancing new product launches and technology deployments that should drive accelerating growth going forward.
ChargePoint operates by providing hardware, software and charging solutions to businesses and other entities rather than owning and operating the charging infrastructure itself. The company is introducing faster Level 3 chargers in Europe and developing next-generation charging solutions for the U.S. market, while also deploying artificial intelligence to enhance charging efficiency and accelerate software development timelines.
Wilmer acknowledged headwinds facing the broader EV sector, including reduced federal incentives and lower-than-expected adoption rates. However, he expressed confidence that product improvements could overcome near-term market challenges. The company is progressing through a three-year business plan focused on reducing cash burn, having cut net losses from $125.3 million three years prior to $35.6 million in the most recent quarter. While ChargePoint has not announced a target date for achieving profitability, Wilmer indicated the company is approaching profitability on an earnings before interest, taxes, depreciation and amortization basis.
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