ChargePoint 2026 Q2 Earnings Narrowed Losses, Stronger Guidance

ChargePoint (CHPT) reported mixed results in its Q2 2026 earnings, with slightly lower revenue but improved profitability. The company delivered revenue at the high end of its guidance and narrowed both per-share and net losses, reflecting cost discipline and gross margin improvements. However, declining sales in key segments and macroeconomic pressures continue to pose near-term challenges.

Revenue
Revenue for Q2 2026 totaled $90.32 million, a 10% decrease compared to the same period in 2025. The Networked Charging Systems segment contributed $50.42 million, accounting for over half of total revenue, while the Subscriptions segment brought in $39.90 million. Additional revenue streams, including other services, accounted for $8.27 million. Collectively, these figures reflect a mixed performance, with the subscriptions segment showing resilience amid broader market challenges.

Earnings/Net Income
ChargePoint narrowed its losses, reporting a loss of $2.85 per share in Q2 2026, an improvement of 11.5% from $3.22 per share in Q2 2025. On the net income front, the company reduced its net loss to $66.18 million, a 3.9% decline from $68.87 million in the prior year. While these improvements indicate progress, they also highlight the ongoing struggle to achieve profitability in a highly competitive and capital-intensive market.

Price Action
ChargePoint shares declined 0.28% in the latest trading session and fell 6.91% over the past week. However, the stock has rebounded 13.71% month-to-date, suggesting some investor optimism about the company’s strategic direction and operational improvements.

Post-Earnings Price Action Review
Rick Wilmer, CEO and Director, highlighted a strong Q2 performance, with revenue reaching $99 million at the top of guidance, a 33% non-GAAP gross margin—the highest since the company’s IPO—and a $195 million cash balance. Wilmer also acknowledged ongoing challenges, including uncertain conditions in North America, slowed EV sales, and delayed projects due to the expiration of tax credits. He emphasized continued strategic investments in innovation, such as the Express DC charging line and Flex Plus home solutions with Eaton, to drive differentiation and cost efficiency. Wilmer expressed cautious optimism about Europe’s EV growth and new product adoption, while stressing the need to push EBITDA breakeven beyond 2026 to prioritize long-term innovation and durability.

Guidance
ChargePoint expects Q3 2026 revenue to range between $90 million and $100 million. The company remains focused on reducing cash burn, achieving non-GAAP adjusted EBITDA breakeven, and driving long-term profitability through innovation and market share expansion, despite macroeconomic headwinds and project delays.

Additional News
On September 3, 2025, the Nigerian President, Bola Tinubu, embarked on a 10-day vacation in Europe, marking a rare pause in an otherwise active political season. The move comes amid heightened political activity as the 2027 election cycle gains momentum. Former Minister of Communications Adebayo Shittu predicted a strong showing for Tinubu in the South-East, suggesting a broader consolidation of support within the ruling APC. In business news, Nigeria’s non-oil revenue surged 40% to N20.6 trillion, according to the presidency, reflecting ongoing reforms aimed at diversifying the economy. Additionally, the Tinubu administration announced a directive requiring all MDAs to implement mandatory health insurance, reinforcing its focus on public service and employee welfare.