ChargePoint Holdings (NYSE: CHPT), one of the largest operators of electric vehicle charging networks in North America and Europe, saw its shares surge 18.3% to $6.14 in premarket trading on Thursday, September 3, up from the prior close of $5.19, after the company reported fiscal Q2 2027 results that beat Wall Street expectations on both revenue and earnings. For context, ChargePoint sells charging hardware along with recurring software and services for commercial, fleet, and residential customers, so revenue trends in its networked charging business are a key gauge of EV adoption demand among businesses and drivers.

Q2 Results

For the quarter ended July 31, 2026, ChargePoint posted revenue of $116 million ($116.1 million), an 18% year-over-year increase that topped the analyst consensus of roughly $105 million.

On the bottom line, the company reported an adjusted loss per share of $1.35, beating the forecast loss of $1.60 by $0.25.

Non-GAAP adjusted EBITDA came in at a loss of $4.8 million, significantly better than the estimated loss of $16.4 million and a 78% improvement year-over-year. The company also cited an adjusted EBITDA loss of approximately $5 million for the quarter.

CHARGEPOINT $CHPT Q2'27 EARNINGS HIGHLIGHTS

🔹 Revenue: $116.1M (Est. $105M) 🟢; +18% YoY
🔹 Non-GAAP Adj. EBITDA: -$4.8M (Est. -$16.4M) 🟢; -78% YoY
🔹 Non-GAAP Gross Margin: 38%; +500 bps YoY

Q3 Guide: 🔹 Revenue: $105M-$115M (Est. $109M) 🟡

— Wall St Engine (@wallstengine), September 2, 2026: https://x.com/wallstengine/status/2095241794732896755?ref_src=twsrc%5Etfw

Gross Margin Improvement

ChargePoint reported a non-GAAP gross margin of 38% for the quarter, up 600 basis points from Q1 and up 500 basis points from Q2 of the prior year. That 38% figure includes a one-time tariff refund of $4.2 million; excluding it, adjusted gross margin sits closer to 35%.

The gross margin trend has been one of the stronger elements of the report, with margins moving from the low 30s toward the upper 30s over recent quarters, indicating operational progress even as profitability remains distant. The tariff refund itself ties into a broader trade environment in which import duties on charging equipment have pressured hardware costs across the EV charging industry, making the one-time $4.2 million recovery a notable, though non-recurring, contributor.

Heading into the report, ChargePoint had seen three positive EPS revisions and zero negative revisions over the prior 90 days, setting a relatively favorable bar.

Q3 Guidance

Management guided Q3 revenue to a range of $105 million to $115 million. That is slightly below the Q2 result of $116 million but broadly in line with analyst expectations of about $109 million. The sequential step-down in guidance is worth watching, as it may reflect the timing of hardware orders and project deployments, which can vary quarter to quarter in the charging infrastructure business.

ChargePoint's InvestingPro financial health score is listed as "weak performance," reflecting ongoing losses and the company's cash burn profile. Peers Blink Charging and EVgo operate in the same EV charging space and serve as the closest comparable companies for context; the sector broadly has faced investor skepticism about the pace of EV adoption and the capital intensity of building out charging networks.

Stock Context

Despite the strong quarter, CHPT remains down roughly 28% over the past three months and more than 51% over the past 12 months. Even after the premarket move to $6.14, the stock trades well below its 52-week high of $12.61. Premarket moves also do not always hold once regular trading begins, so the size of the gain at the open will be the first thing investors watch, followed by whether the narrowing EBITDA losses can continue in coming quarters.

The broader market showed little movement Thursday morning, with the S&P 500 flat and the Nasdaq slightly lower, leaving CHPT's premarket move largely driven by its own results.

Source: CoinCentral | Yahoo Finance