Overview

* ChargePoint ( CHPT ) Q2 fiscal 2026 revenue of $99 mln beats analyst expectations, per LSEG data

* GAAP gross margin improves to 31%, driven by subscription revenue growth

* Co announces new modular Express DC fast charging architecture with Eaton

Outlook

* ChargePoint ( CHPT ) expects Q3 revenue between $90 mln and $100 mln

Result Drivers

* GROSS MARGIN IMPROVEMENT - GAAP gross margin increased to 31% from 24% in the prior year's qtr, driven by growth in subscription revenue and improved subscription margins

* SUBSCRIPTION REVENUE GROWTH - Subscription revenue rose 10% year-over-year to $40 mln, contributing to improved non-GAAP gross margin of 33%, up from 26% in the prior yr's qtr

* NEW PARTNERSHIP - ChargePoint ( CHPT ) operationalized its strategic partnership with Eaton, achieving initial revenue from their joint go-to-market strategy and launching the new Express DC fast charging architecture

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $98.59 $96.60

Revenue mln mln (8

Analysts

)

Q2 Net -$66.18

Income mln

Q2 Gross 31.0%

Margin

Q2 Basic -$2.85

EPS

Q2 Gross $30.73

Profit mln

Q2 -$65.02

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the electrical components & equipment peer group is "buy."

* Wall Street's median 12-month price target for ChargePoint Holdings Inc ( CHPT ) is $20.00, about 46.4% above its September 2 closing price of $10.72

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)