ChargePoint Holdings, Inc.

ChargePoint Reports Second Quarter Fiscal Year 2027 Financial Results

ChargePoint's fiscal Q2 2027 revenue came in at $116.1 million, up 18% year-over-year and above the high end of guidance, with subscription revenue up 10% to $43.7 million and networked charging systems revenue up 25% to $62.9 million. Profitability inflected sharply: GAAP gross margin reached 36% and non-GAAP gross margin a record 38% (including a 4-percentage-point benefit from tariff refunds), while adjusted EBITDA loss narrowed 78% year-over-year to $4.8 million and GAAP net loss fell 46% to $35.6 million. Operationally, ChargePoint began early access shipments of Express Solo, extended its Mercedes-Benz partnership to fleet charging in the UK and Germany, and appointed industry veteran John Saffrett as EVP and Managing Director for Europe. Q3 guidance of $105-$115 million implies a sequential revenue decline at the midpoint, and cash, equivalents and restricted cash fell to $95.7 million from $141.6 million six months earlier, leaving continued burn as the key watch item.

•2mo ago

ChargePoint Accelerates European Growth Strategy with Appointment of John Saffrett as EVP and Managing Director, Europe

ChargePoint appointed John Saffrett as Executive Vice President and Managing Director of Europe to drive the company's growth strategy across the continent. Saffrett brings over 25 years of experience in global mobility and fleet management, most recently serving as Global Deputy CEO of Ayvens, and will report directly to CEO Rick Wilmer. The hiring underscores ChargePoint's commitment to scaling its European presence, complementing recent product launches and strategic partnerships with OEMs like Mercedes-Benz and Ford Pro.

•2mo ago

ChargePoint and Portland International Airport Set New Standard for Rental Car Electrification with Industry-Leading Overhead Fast Charging

ChargePoint deployed an overhead fast charging system at Portland International Airport (PDX), featuring 10 dual-port dispensers capable of connecting 20 vehicles simultaneously. The overhead design with retractable cables aims to reduce installation costs, reclaim ground space, and protect equipment from vehicular damage in the Quick Turnaround Facility. CEO Rick Wilmer noted the project serves as a blueprint for integrating high-power charging into airport parking lots without sacrificing space.

•2mo ago

ChargePoint and Mercedes-Benz Partner to Simplify Fleet Electrification with End-to-End Charging Solutions

ChargePoint extended its partnership with Mercedes-Benz to deliver comprehensive, end-to-end charging solutions for fleet operators in the UK and Germany. The agreement integrates ChargePoint’s hardware and software into a fully managed service for Mercedes-Benz business customers, covering site assessment through installation and ongoing support. The joint offering aims to reduce the total cost of ownership and accelerate fleet electrification, with plans to expand to other markets later this year.

•3mo ago

ChargePoint and Onvo Expand Highway Fast Charging Across the Northeastern U.S.

ChargePoint partnered with Onvo to deploy ultra-fast EV charging stations at travel plazas along major highways in the northeastern United States. The initial rollout includes 12 Onvo locations in Pennsylvania and New York, featuring ChargePoint Express Plus fast charging technology. The initiative aims to address gaps in highway charging infrastructure by situating stations at sites offering food and retail amenities for drivers on long-distance trips.

•3mo ago

ChargePoint and Optimus Energy Solutions Partner to Build New Fast Charging Network in the Eastern U.S

ChargePoint expanded its partnership with Optimus Energy Solutions to deploy more than 200 new public fast-charging ports in the southeastern United States. ChargePoint will serve as the exclusive solutions provider, supplying hardware, software, and services, while Optimus acts as the site owner-operator. The new deployments target high-demand markets, including quick-service restaurants and retail centers, to improve utilization and close charging gaps.

•4mo ago

ChargePoint Added to Membership of Russell 2000® Index

ChargePoint has been added to the Russell 2000 Index effective June 29, 2026, as part of the annual reconstitution of Russell indexes. The inclusion results in the automatic addition of the stock to appropriate growth and value indexes, a move that generally enhances visibility and attracts investment from index funds tracking the benchmark. Approximately $12.2 trillion in assets are benchmarked against the Russell US indexes, which ChargePoint expects will help broaden its institutional shareholder base.

•4mo ago

ChargePoint Reports First Quarter Fiscal Year 2027 Financial Results

ChargePoint reported Q1 FY27 revenue of $101.8 million, up 4% year-over-year and exceeding the high end of its guidance range. The company delivered its third consecutive quarter of revenue growth, with subscription revenue rising 7% to $40.8 million and non-GAAP gross margin expanding to 32%. Non-GAAP net loss narrowed 39% to $18.3 million as operating expenses declined 4% year-over-year, while the company launched its Express Solo charger and appointed a new Chief Marketing and Growth Officer.

•5mo ago

ChargePoint and Powers Parts Partner Simplify Fast Charging for Transit Operators

ChargePoint has partnered with Powers Parts, a national distributor of electric mobility components, to simplify fast charging procurement for transit operators. Transit agencies operating E2 and ZX5 Phoenix EV buses can now purchase ChargePoint hardware, software, and services directly through Powers Parts’ established distribution channels. The collaboration aims to streamline deployment and provide comprehensive operational support, combining ChargePoint’s charging infrastructure with Powers Parts’ deep relationships in the transit ecosystem.

•5mo ago