ChargePoint Q2 2026 Earnings: Strong Margins Amid Market Challenges

robot
Abstract generation in progress

Key Financial Highlights

ChargePoint (CHPT) reported its Q2 2026 earnings with mixed results:

Metric Result Year-over-Year Change
Revenue $99 million -9%
Non-GAAP Gross Margin 33% Highest since IPO
Cash on Hand $195 million -$2 million from Q1
Subscription Revenue $40 million +10%
Non-GAAP Adjusted EBITDA Loss $22 million Improved from $34 million loss in Q2 2025

Operational Performance

  • Over 363,000 managed charging ports globally
  • Operationalizing partnership with Eaton
  • Launching new DC fast charging and home charging products
  • Stronger market conditions observed in Europe compared to North America

Q3 2026 Guidance

ChargePoint is guiding Q3 2026 revenue between $90-100 million.

Strategic Developments

The company is facing headwinds in the North American market, leading to a delay in reaching non-GAAP adjusted EBITDA breakeven. Despite this setback, ChargePoint continues to improve margins and reduce cash burn, demonstrating operational efficiency in a challenging environment.

The partnership with Eaton and the introduction of new charging products signal ChargePoint’s commitment to innovation and market expansion. The company’s stronger performance in Europe compared to North America highlights the importance of geographic diversification in the electric vehicle (EV) charging sector.

Market Implications

ChargePoint’s Q2 results reflect the broader challenges facing the EV charging industry, including project delays and regional market disparities. The company’s ability to maintain a strong gross margin and grow subscription revenue suggests resilience in its business model.

As the EV market continues to evolve, ChargePoint’s position as a leading charging infrastructure provider positions it to potentially benefit from long-term industry growth. However, the current market conditions may lead to further industry consolidation, presenting both challenges and opportunities for established players like ChargePoint.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)