ChargePoint reported second-quarter fiscal 2027 revenue of $116.1 million, up 18% from $98.6 million a year earlier.
Networked charging systems revenue increased 25% to $62.9 million, while subscription revenue rose 10% to $43.7 million. GAAP gross margin expanded to 36% from 31%, while non-GAAP gross margin reached a record 38%, up from 33%. Both figures included a four-percentage-point benefit from tariff refunds.
GAAP operating expenses declined 15% and non-GAAP operating expenses fell 11%. GAAP net loss narrowed 46% to $35.6 million, while non-GAAP net loss decreased 72% to $9.2 million. Adjusted EBITDA loss improved 78% to $4.8 million from $22.1 million.
ChargePoint ended the quarter with $95.7 million of cash, cash equivalents and restricted cash. The company also began early-access shipments of Express Solo, expanded its Eaton partnership and announced additional charging deployments and commercial agreements.
For the third quarter of fiscal 2027, ChargePoint expects revenue of $105 million to $115 million.
KEY QUOTE:
“The second quarter was an exceptional quarter for ChargePoint as we exceeded the high end of our guidance, delivered record non-GAAP gross margin, and managed our cash with extreme rigor through continued operational discipline. In the quarter, we began early access shipments of Express Solo, continued expansion of our partnership with Eaton, and fortified our leadership team in Europe with the appointment of John Saffrett as Executive Vice President and Managing Director to lead our growth strategy and market expansion across the continent. As we enter the second half of the year, we remain focused on driving profitable growth through innovation, operational excellence, and disciplined execution against our strategic plan.”
Rick Wilmer, President and Chief Executive Officer of ChargePoint
