ChargePoint 2026 Q3 Earnings 32.4% Net Loss Reduction and Revenue Beat

ChargePoint (CHPT) reported fiscal 2026 Q3 earnings on Dec 4, 2025, with revenue surpassing expectations and a significant narrowing of losses. The company’s $105.67 million revenue beat estimates by $9.16 million, while net losses improved by 32.4% year-over-year.

Revenue

ChargePoint’s total revenue rose 6.1% year-over-year to $105.67 million in Q3 2026, driven by robust performance across segments. Networked Charging Systems led with $56.39 million, reflecting strong demand for hardware solutions. Subscriptions revenue grew to $42 million, showcasing the company’s recurring revenue model, while other segments contributed $7.28 million. This diversified growth underscores ChargePoint’s ability to expand its offerings beyond core hardware.

Earnings/Net Income

The company narrowed its net loss to $52.48 million in Q3 2026, a 32.4% reduction from $77.59 million in the prior-year period. Earnings per share (EPS) improved to -$2.23 from -$3.56, a 37.4% improvement. This progress highlights ChargePoint’s ongoing cost management and operational efficiency efforts. The reduction in losses, however, still reflects challenges in achieving profitability amid competitive market dynamics.

Post-Earnings Price Action Review

The strategy of buying ChargePoint shares following its Q3 earnings release and holding for 30 days has historically delivered positive returns, driven by immediate market optimism and long-term growth potential. Post-earnings, the stock surged 2.7% in after-hours trading, signaling investor confidence in ChargePoint’s revenue beat and guidance raise. The company’s record non-GAAP gross margin of 33%, coupled with strategic initiatives like the Eaton partnership and European expansion, positions it for sustained growth. Additionally, a 50% debt reduction post-quarter—$172 million in outstanding debt eliminated—further strengthened its financial health. Positive market sentiment, reinforced by favorable news coverage, suggests momentum could persist, though investors must remain cautious about future execution risks.

CEO Commentary

CEO Richard Wilmer highlighted ChargePoint’s return to growth, noting revenue surpassed the top end of guidance at $106 million. He emphasized strategic priorities, including innovation in hardware and software, operational excellence, and leveraging European expansion as a growth engine. Wilmer expressed confidence in the inevitability of the EV transition and ChargePoint’s leadership position, citing the debt reduction and improved gross margins as critical to sustaining investor confidence.

Guidance

ChargePoint raised its Q4 2026 revenue guidance to $100–$110 million, above the $102.89 million consensus. The company anticipates continued growth in H2 2026, driven by product innovation and market share gains.

Additional News

1. Debt Restructuring: ChargePoint completed a debt exchange, reducing $172 million in outstanding convertible senior notes and extending maturity to 2030.

2. Reverse Stock Split: In July 2025, the company executed a 1-for-20 reverse stock split to address NYSE compliance issues after its stock price fell below $1.00.

3. Strategic Partnerships: The Eaton collaboration and European expansion plans remain central to long-term growth, supported by regulatory incentives and EV adoption trends.