ChargePoint shares surge more than 70% after earnings beat as CEO sees momentum building

  • ChargePoint shares surged 74% to $9.05 after fiscal second-quarter results.
  • Revenue hit $116.1 million as adjusted EBITDA loss narrowed to $4.8 million.
  • ChargePoint guided fiscal third-quarter revenue to $105 million to $115 million.

ChargePoint Holdings shares surged about 74% to $9.05 on Thursday after the electric-vehicle charging company beat fiscal second-quarter expectations on revenue and losses, in its most dramatic move since a reverse split restored NYSE listing compliance. CEO Rick Wilmer told CNBC the rally reflects accelerating growth driven by new products and technology, with four straight quarters of year-over-year revenue gains and further acceleration expected into next year. Revenue rose to $116.1 million versus $105.2 million expected, GAAP loss was 35 cents a share versus an 85-cent expected loss, adjusted EBITDA loss narrowed to $4.8 million from $22.1 million, and adjusted gross margin hit a record 38% even after allowing for a roughly $4.2 million one-time tariff refund. Networked charging systems revenue climbed 25% to $62.9 million and subscription revenue rose 10% to about $44 million as the company, which sells hardware, software and services rather than owning stations, rolls out faster Level 3 chargers in Europe and next-generation Level 2 and Level 3 products in the U.S., including AI tools to improve charging times and efficiency. ChargePoint guided fiscal third-quarter revenue to $105 million to $115 million, about 4% growth at the midpoint, and said it is nearing the end of a three-year turnaround that cut net losses from $125.3 million to $35.6 million while approaching EBITDA breakeven, even as broader EV sales slowed after federal incentives rolled back.

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