ChargePoint 2026 Q3 Earnings Narrowed Losses and 10.5% Revenue Growth

ChargePoint (CHPT) reported fiscal 2026 Q3 earnings on Dec 5, 2025, with revenue rising 10.5% year-over-year to $98.39 million, exceeding prior guidance. The company narrowed its net loss by 32.4% to $52.48 million and guided Q4 revenue higher than Wall Street estimates.

Revenue

ChargePoint’s total revenue for Q3 2026 reached $98.39 million, reflecting a 10.5% increase compared to $89.08 million in the same period last year. Networked Charging Systems contributed $56.39 million, while Subscriptions generated $42 million. Additional revenue streams, including other services, added $7.28 million. The performance underscores growth in both hardware and recurring software revenue, with subscriptions expanding at a faster pace.

Earnings/Net Income

ChargePoint reduced its per-share loss to $2.23 in Q3 2026 from $3.56 in Q3 2025, marking a 37.4% improvement. The company’s net loss narrowed to $52.48 million, down from $77.59 million, as cost discipline and margin expansion helped curb losses. The EPS improvement highlights progress in operational efficiency.

Price Action

The stock surged 15.76% in a single trading day following the earnings release, with a 27.35% gain in the subsequent full week and 8.53% month-to-date as of Dec 5, 2025.

Post-Earnings Price Action Review

The strategy of buying CHPT when earnings beat and holding for 30 days resulted in a significant loss. The strategy returned -96.03%, underperforming the benchmark by 153.15%. With a maximum drawdown of 0% and a Sharpe ratio of -0.66, the strategy also indicated a high level of risk.

The post-earnings performance highlighted volatility, with the stock experiencing sharp intraday swings. While the earnings beat and improved guidance initially drove optimism, subsequent trading reflected skepticism about long-term profitability. Analysts noted that the stock’s rebound remained constrained by ongoing cash burn and high leverage.

CEO Commentary

Richard Wilmer, CEO of ChargePoint, emphasized the company’s progress in stabilizing operations and expanding its software-driven revenue streams. He highlighted a 15% year-over-year increase in subscription revenue, driven by enhanced platform adoption and partnerships, including the Eaton collaboration. Wilmer expressed confidence in the company’s ability to leverage its 3-year strategic plan, which focuses on cost optimization, debt reduction, and scaling its interoperable charging platform. The CEO’s tone was cautiously optimistic, acknowledging near-term challenges but underscoring long-term growth potential in North America and Europe.

Guidance

CFO Mansi Khetani outlined Q4 2026 revenue guidance of $100–$110 million, representing a 3% year-over-year growth. The company expects continued margin expansion, with adjusted gross margin targeting 33% as software and services contribute more to revenue. Management reiterated its focus on achieving adjusted EBITDA breakeven by the end of 2026, supported by cost controls and higher-margin offerings.

Additional News

ChargePoint executed a $172 million debt reduction in November 2025, extending maturity to 2030 and cutting annual interest expenses by $10 million. The move improved liquidity, with $180.9 million in cash reserves as of Q3. Analysts from RBC and Oppenheimer maintained cautious ratings, citing uncertainty in EV demand. Meanwhile, the company launched an AI-driven platform to enhance charger optimization and fleet management, positioning itself as a software-centric infrastructure leader.