ChargePoint Holdings, Inc. (NYSE:CHPT) shares jumped 19.08% in after-hours trading Wednesday after the company reported second-quarter fiscal 2027 results that exceeded the high end of its guidance.
The stock closed Wednesday’s regular session down 2.08% at $5.19. It then rose 19.08% to $6.18 in after-hours trading.
ChargePoint provides software, hardware and services for the electric vehicle charging ecosystem across North America and Europe.
Strong Q2 Results
ChargePoint reported results for the second quarter of fiscal 2027, which ended July 31, 2026. Revenue rose 18% year over year to $116.1 million, while subscription revenue increased 10% to $43.7 million.
GAAP gross margin increased to 36% from 31% a year earlier. The company’s GAAP net loss narrowed to $35.6 million from $66.2 million, while its adjusted EBITDA loss improved to $4.8 million from $22.1 million.
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Q3 Fiscal 2027 Outlook
For the third quarter of fiscal 2027, ending Oct. 31, 2026, ChargePoint expects revenue of $105 million to $115 million.
CEO Rick Wilmer said the company exceeded the high end of its guidance in the second quarter and delivered record non-GAAP gross margin.
Trading Metrics
ChargePoint has a market capitalization of $134.41 million.
The stock has a 52-week high of $12.61 and a 52-week low of $4.44.
ChargePoint shares are up 51.86% over the past year.
Benzinga’s Edge Stock Rankings show a negative price trend across the short-, medium- and long-term time frames.
Disclaimer: This content was produced with the help of AI tools and was reviewed and published by Benzinga editors.
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