ChargePoint Holdings, Inc. (CHPT) Earnings
ChargePoint Holdings, Inc. is expected to report next earnings on September 2, 2026 (in NaN days), with a consensus EPS estimate of $-1.01. CHPT has beaten EPS estimates in 5 of its last 12 reported quarters (average surprise +15.3% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 3, 2026 | $-1.11 | $-1.75 | -57.7% | $102M | +6.5% |
| Mar 4, 2026 | $-1.04 | $-0.54 | +48.0% | $109M | +4.2% |
| Dec 4, 2025 | $-1.35 | $-1.32 | +2.2% | $106M | +2.7% |
| Sep 3, 2025 | $-1.16 | $-1.42 | -22.4% | $99M | -4.1% |
| Jun 4, 2025 | $-1.00 | $-1.20 | -20.0% | $98M | -9.9% |
| Mar 4, 2025 | $-0.08 | $-0.06 | +25.0% | $102M | -0.2% |
| Dec 4, 2024 | $-0.10 | $-0.10 | +0.0% | $100M | -1.4% |
| Sep 4, 2024 | $-0.08 | $-0.10 | -25.0% | $109M | -4.5% |
| Jun 5, 2024 | $-0.13 | $-0.11 | +15.4% | $107M | +1.2% |
| Mar 5, 2024 | $-0.12 | $-0.13 | -8.3% | $116M | -2.5% |
| Dec 6, 2023 | $-0.22 | $-0.29 | -31.8% | $110M | -9.9% |
| Sep 6, 2023 | $-0.14 | $-0.24 | -71.4% | $150M | -1.8% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2027 · June 3, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Overall Quarterly Performance * Q1 revenue came in above the top end of management's prior guidance range, extending the streak of consecutive YoY revenue growth to three quarters. * Non-GAAP gross margin held strong at 32%, up 1 percentage point YoY, driven by pricing discipline, operational efficiency, and the capital-light, software-led business model. Non-GAAP operating expenses decreased 4% YoY to $54 million, and the non-GAAP adjusted EBITDA loss narrowed to $19 million from $23 million in the year-ago quarter. * Total managed ports globally grew to 400,000, up from 385,000 last quarter; this includes over 44,600 DC fast chargers (up from 41,000) and 145,000 ports located in Europe (up from 131,000). Software-only managed third-party ports grew to 135,000 from 130,000 last quarter, and monthly active users rose above 1.48 million. - Strategic Progress * ChargePoint is entering the third year of its three-year strategic plan focused on four pillars: capital-efficient hardware innovation, software leadership, best-in-class driver experiences, and operational excellence, with the third-year priority of driving profitable growth. * Jyothi Swaroop joined as Chief Marketing and Growth Officer to lead global go-to-market and growth strategy. The strategic partnership with Eaton continues to expand product development reach, accelerate adoption of next-generation AC/DC solutions, and strengthen innovation roadmapping. * Early access units of the new 600 kW Xpress Solo DC fast charger (the first product built on ChargePoint's new DC architecture) are already fully committed; the product delivers ~40% higher power density in a smaller footprint than competing solutions. - AI Integration * AI is deployed across four core areas: software development, customer support, customer-facing product capabilities, and business process automation, with already measurable operational improvements reflected in Q1 operating expense performance. * Upcoming AI-enabled software features will help customers better manage, optimize, and monetize charging infrastructure through improved diagnostics, faster issue resolution, smarter energy management, higher uptime, and lower operating costs. - Market Dynamics & Customer Wins * Management noted strengthening long-term EV market fundamentals, including a widening cost advantage for EV operation over gas vehicles, converging purchase prices with internal combustion vehicles, growing consumer choice, and rising new/used EV sales. EV retention rates exceed 90%, meaning every new EV creates long-term charging demand. * Key Q1 customer wins include the company's largest ever transit fleet order for Santa Monica Big Blue Bus' electrification initiative, an expanded agreement with OBE Power to deploy 2,500 multifamily charging ports, expanded DC fast charging deployment with Canadian operator Papillons, and a new workplace charging partnership with Citibank.
Guidance
- For the second quarter of fiscal 27, management expects revenue in the range of $100 million to $110 million, which represents 7% YoY growth at the midpoint of the range. - Management expects overall gross margins will remain near Q1 levels in the near term, with a step increase to new record levels as new products launch in volume starting later this year. - Operating expenses are expected to decline further in the second half of fiscal 27, as engineering work on new product introductions wraps up and prototyping costs normalize; AI-driven operational efficiencies will also support lower R&D costs in the back half of the year. - Inventory balances are expected to continue declining throughout 2026, freeing up working capital. - Management expects material reductions in cash burn through the remainder of fiscal 27, with the potential to achieve positive operating cash flow later in the year as inventory is sold through and adjusted EBITDA improves. - Management maintained its core long-term priorities: delivering sustained revenue growth, improving operating leverage, and accelerating progress toward profitability.
Segment performance
Total Q1 revenue was $102 million, marking the third consecutive quarter of year-over-year (YoY) growth at 4% YoY. 1. Network charging systems: Revenue of $53 million, accounting for 52% of total Q1 revenue, with 2% YoY growth. 2. Subscription revenue: Revenue of $41 million, accounting for 40% of total Q1 revenue, with 7% YoY growth driven by ongoing expansion of the installed base. 3. Other revenue: Revenue of $8 million, accounting for 8% of total Q1 revenue. By vertical (measured by billings): Commercial accounted for 71%, residential for 8%, fleet for 14%, and other for 7%. By geography: North America represented 80% of total revenue, and Europe represented 20%.
Risks & headwinds
- Supply chain pricing pressure is currently being seen for memory components, driven by global data center build-out activity; management notes the company has secured adequate supply but must offset memory price increases with cost reductions in other parts of product designs. - There is a small near-term headwind to subscription gross margins from the decision to use existing inventory for repairs instead of producing new replacement units, which has impacted margin percentages despite a low absolute dollar impact. - As the company transitions to new product platforms, there is inherent risk of stranded or obsolete legacy inventory, which management is actively mitigating by drawing down existing inventory ahead of new product volume ramps.
Analyst Q&A
Q: Colin Rusch (Oppenheimer) asks about ChargePoint's product roadmap beyond the Xpress Solo launch, including opportunities in autonomous vehicle/robot charging, solid state transformers, and supply chain trends for the redesigned portfolio. /
A: Management confirms active development of specific solutions for autonomous vehicle charging requirements, with more news to come on solid state transformer opportunities. Xpress Solo is just the first product in a new architecture, with multiple derivative products launching over the next 18 months. On supply chain, the company has seen pressure on memory component pricing from data center build-out, but has secured adequate supply and is offsetting higher costs with cuts elsewhere; new products are intentionally designed for lower component costs. (218 characters)
Q: Mark Delaney (Goldman Sachs) asks how ChargePoint will balance expanding its product portfolio and entering new markets with its ongoing focus on operating expense efficiency. /
A: Management notes Xpress Solo is the first DC charger ChargePoint has built purpose-built for the European market, where early access units are already fully committed to existing B Energized software customers. In North America, the highly differentiated Xpress Solo product is expected to capture new customers in addition to meeting existing customer demand for new DC build-out. The company's ongoing AI-driven operational improvements will keep cost growth in check as it expands. (312 characters)
Q: Itay Michaeli (TD Cowen) asks what drivers will contribute to the potential positive operating cash flow later this year, and where the Q1 revenue upside versus guidance came from. /
A: Positive operating cash flow will come from all three factors: working capital release from ongoing inventory reduction, improved EBITDA from revenue growth, and lower operating expenses from cost management. The Q1 revenue upside was broad-based, with strength in fleet (including the large Santa Monica Big Blue Bus order), ongoing commercial segment expansion and new wins, and solid performance in residential sales. (294 characters)
Q: Chris Dandrinos (RBC Capital Markets) asks how ChargePoint is mitigating obsolete legacy inventory risk ahead of new product launches, and what competitive advantages Xpress Solo holds. /
A: Management is intentionally drawing down existing legacy inventory ahead of new product ramps, for example by using existing inventory for field repairs instead of building new replacement units, to minimize stranded inventory. Xpress Solo has three key competitive advantages: an air-cooled thermal design that is lower cost and more reliable than liquid-cooled competing designs, a split AC-DC/DC-DC conversion architecture that enables flexible future product iterations and higher capacity configurations, and 40% higher power density in a smaller footprint, which delivers major site design and real estate cost advantages. (371 characters)