ChargePoint shares surge 11.38% after-hours as Q3 revenue beats estimates, subscription growth accelerates, and debt is cut by 50%.

ChargePoint (CHPT) surged 11.38% in after-hours trading following the release of upbeat Q3 fiscal 2026 results. The company reported revenue of $105.7 million, exceeding estimates by 10.2% and marking 6.1% year-on-year growth. Subscription revenue rose 15% to $42 million, while GAAP gross margin improved to 31% and non-GAAP gross margin hit a record 33%. ChargePoint also announced a $172 million debt reduction, cutting total debt by over 50%, and launched a next-generation software platform. Management provided optimistic guidance for Q4, forecasting revenue of $100–$110 million. CEO Rick Wilmer highlighted the return to growth and strategic initiatives, including partnerships with Eaton, as catalysts for long-term e-mobility leadership. The stock’s rally aligns with improved financial performance, debt reduction, and positive operational momentum.